US EditionTesla to book best quarter of 2025 as buyers rush before EV credit expiry
Tesla's Q3 deliveries rose 29% from Q2 to 497,099 vehicles as buyers rushed to claim the $7,500 federal electric vehicle tax credit before it expired.
- Tesla reported a record quarter with 497,099 deliveries in Q3 2025 as buyers rushed to use the $7,500 federal EV tax credit before it expired, the company said Thursday.
- The $7,500 federal EV tax credit expired under President Donald Trump's July spending bill, prompting Cox Automotive to forecast EVs would reach 10% of U.S. vehicle sales this quarter.
- Estimates and production figures showed divergence, with Troy Teslike projecting 481,000 deliveries while a company-compiled consensus expected 443,079 and production declined from 469,796 vehicles in Q3 2024 to around 447,600.
- Investors responded to the delivery boost as Tesla's stock jumped 40% in the third quarter and the company said it may still deliver more cars this year than last.
- Regional weakness and competition held back Tesla's quarter in Europe amid consumer backlash against Elon Musk and rivalry from Volkswagen and BYD, while a lower-cost Model Y near $30,000 is expected this year.
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45 Articles
Tesla's former global sales chief says there are so many EV models now that the market can grow without subsidies
"The market's established, and we're probably ready to have a market that can that can grow without subsidies," Jon McNeill, Tesla's former president for global sales, told CNBC on Thursday.Vipin Kumar/Hindustan Times via Getty ImagesJon McNeill was Tesla's president for global sales and marketing from 2015 to 2018.McNeill said the expiry of federal EV incentives would not hurt the US EV market.Europe's EV market continued to grow even when subs…
Tesla Stock Jumps as EV Tax Credit Deadline Fuels Demand
Tesla has delivered its strongest quarter of 2025, driven by a surge of US consumers racing to take advantage of a federal electric vehicle (EV) tax credit before it expired. The company reported 497,099 deliveries in Q3, far exceeding Wall Street's forecast of 447,600, according to CNBC. The spike in deliveries coincided with the end of the $7,500 (£5,600) EV tax credit on 30 September, prompting thousands of buyers to accelerate purchases. Ana…
For months, Tesla only recorded declining sales figures. Now, Elon Musk's company can look forward to a positive quarterly balance sheet in the US – at least for the moment.
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