Tesla 3rd-Quarter Sales Beat Expectations Driven by Expiring EV Tax Credits

While sales numbers were up, investors sent Tesla’s stock price down on fears that demand for its product will fall in the coming months.
Tesla 3rd-Quarter Sales Beat Expectations Driven by Expiring EV Tax Credits
The logo of Tesla on a store in Paris, France, on Oct. 30, 2020. Charles Platiau/Reuters
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Tesla’s total vehicle sales surged in the third quarter of 2025 as the electric vehicle maker’s American customers cashed in on an expiring tax credit promotion.

On Oct. 2, the Austin, Texas-based company announced it delivered more than 497,000 vehicles in the 90-day period that ended on Sept. 30. The company said that was a record amount of sales for a quarter. Most deliveries were of the company’s Model 3 sedans and Model Y crossovers, which together accounted for 481,166 units in the quarter.