Tesla Deliveries Rise 7% Before EV Tax Credits Expire

Source Credit : CNBC

Tesla reported quarterly vehicle deliveries up 7% over the year prior for the period ended Tuesday, the same day that a key tax credit for buyers of electric vehicles in the U.S. expired.

Here are the key numbers:

• Total deliveries Q3 2025: 497,099




• Total production Q3 2025: 447,450

Shares dipped by more than 3% Thursday following the report. Tesla plans to update investors on its third-quarter financial results on Oct. 22.

The company reported 462,890 total deliveries in the third quarter of 2024. Tesla saw a decline in production this quarter compared to the 469,796 vehicles produced last year.

The Elon Musk-led company was expected to report around 447,600 deliveries, according to estimates compiled by FactSet.

An independent researcher who publishes as Troy Teslike on Patreon predicted 481,000 deliveries for the quarter. Tesla distributed a company-compiled consensus on Sept. 26, which said analysts were expecting 443,079 deliveries.



The company doesn’t break out sales and production by model or region. However, Tesla said it produced 435,826 of its most popular Model 3 and Model Y cars. Deliveries are the closest approximation of vehicle sales reported by Tesla but are not precisely defined in the company’s shareholder communications.

Tesla’s third quarter was hampered by a continuing sales slump in Europe driven partly by consumer backlash against Musk and his incendiary political rhetoric and activism, as well by competition from EV makers like Volkswagen and BYD, which are picking up market share.

Year-to-date, Tesla’s deliveries stood around 1.2 million, down about 6% compared to the first three quarters of 2024.

The slowdown in Europe was partially offset in the U.S., where buyers rushed to purchase EVs ahead of the expiration of a federal tax credit, which ended as part of President Donald Trump’s spending bill passed in July.

Earlier this week, Ford said sales of its all-electric vehicles increased by 30.2% during the period to help it notch a fresh quarterly record of more than 30,600 units, still lagging far behind Tesla.

Tesla’s stock price has been on a tear of late, jumping 40% in the third quarter and turning positive for the year following a brutal first three months of 2025. As of Wednesday’s close, the stock was up 14% this year, compared to the Nasdaq’s 18% gain.