Tesla automobiles are parked outdoors of a dealership on July 24, 2025 in Austin, Texas.
Brandon Bell | Getty Images
Tesla reported quarterly vehicle deliveries up 7% over the 12 months prior for the interval ended Tuesday, the identical day {that a} key tax credit for consumers of electrical automobiles within the U.S. expired.
Here are the important thing numbers:
- Total deliveries Q3 2025: 497,099
- Total manufacturing Q3 2025: 447,450
Shares sank Thursday following the report. Tesla plans to replace buyers on its third-quarter monetary outcomes on Oct. 22.
The firm reported 462,890 complete deliveries within the third quarter of 2024. Tesla noticed a decline in manufacturing this quarter in comparison with the 469,796 automobiles produced final 12 months.
The Elon Musk-led firm was anticipated to report round 447,600 deliveries, based on estimates compiled by FactSet.
An unbiased 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 mentioned analysts had been anticipating 443,079 deliveries.
The firm does not escape gross sales and manufacturing by mannequin or area. However, Tesla mentioned it produced 435,826 of its hottest Model 3 and Model Y cars. Deliveries are the closest approximation of vehicle gross sales reported by Tesla however should not exactly outlined within the firm’s shareholder communications.
Tesla’s third quarter was hampered by a continuing sales slump in Europe pushed partly by client backlash towards Musk and his incendiary political rhetoric and activism, as effectively by competitors from EV makers like Volkswagen and BYD, that are choosing up market share.
The slowdown in Europe was partially offset within the U.S., the place consumers rushed to buy EVs forward of the expiration of a federal tax credit score, which ended as a part of President Donald Trump’s spending bill handed in July.
Earlier this week, Ford mentioned gross sales of its all-electric automobiles elevated by 30.2% throughout the interval to assist it notch a contemporary quarterly report of greater than 30,600 items, nonetheless lagging far behind Tesla.
Tesla’s inventory value has been on a tear of late, leaping 40% within the third quarter and turning positive for the 12 months following a brutal first three months of 2025. As of Wednesday’s shut, the inventory is up 14% this 12 months, in comparison with the Nasdaq’s 18% acquire.
In the second quarter, Tesla reported 384,122 deliveries, a 14% year-over-year decline and the second straight quarterly drop.
In Tesla’s power enterprise, the corporate mentioned it deployed 12.5 GWh of its storage merchandise, together with its Megapack and new Megablock methods, that are backup batteries that retailer power alongside companies or utility-scale services.
Musk’s xAI has been a giant purchaser of Tesla’s battery power storage methods in current quarters.
Tesla’s Megapacks usually retailer electrical energy produced by renewable sources, like wind generators or photo voltaic panels, for later use. They may retailer electrical energy produced throughout lower-demand intervals for use throughout peak hours, serving to defray a few of the prices.
The firm mentioned it deployed 9.6 GWh of power storage merchandise within the second quarter of 2025, and 6.9 GWh of power storage merchandise throughout the third quarter of final 12 months.
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