On the Dash:
- Tesla delivered 497,099 vehicles in Q3 2025, a 7% increase year-over-year.
- U.S. sales surged ahead of federal EV tax credit expiration, offsetting weaker European demand.
- Tesla will release full Q3 results on Oct. 22.
Tesla reported a 7% year-over-year increase in vehicle deliveries for the third quarter of 2025, reaching 497,099 units as buyers in the U.S. rushed to take advantage of a federal EV tax credit before it expired Sept. 30. Production for the quarter totaled 447,450 vehicles, down from 469,796 units produced in the same period last year.
The company exceeded Wall Street expectations, with analysts anticipating roughly 447,600 deliveries, according to FactSet.
Tesla’s year-to-date deliveries reached approximately 1.2 million units, down about 6% compared with the first three quarters of 2024. The third-quarter results reflect a continuing sales slowdown in Europe, influenced by consumer backlash against CEO Elon Musk’s political activity and increasing competition from EV makers, including Volkswagen and China’s BYD.
U.S. sales partially offset the European decline, as the impending expiration of the federal tax credit prompted many buyers to purchase EVs before the incentive ended.
Tesla’s stock, which rose 40% in the third quarter following a difficult first three months of 2025, dipped more than 3% on the day of the delivery report. Shares are up 14% for the year through Wednesday’s close, compared with an 18% gain for the Nasdaq. Tesla will release its full third-quarter financial results on Oct. 22.
