Tesla has released its quarterly report, revealing a 7% increase in vehicle deliveries compared to the same period last year. For the third quarter of 2025, Tesla announced a total of 497,099 vehicle deliveries. However, this announcement coincided with the expiration of a significant tax credit for electric vehicle buyers in the United States, which may have contributed to fluctuations in the market response.
The numbers for Q3 2025 show a total production of 447,450 vehicles, a decline from the 469,796 produced in the same quarter of the previous year. In 2024, Tesla reported total deliveries of 462,890. Shares of Tesla fell sharply following the news, indicating market concerns despite the year-over-year growth in delivery numbers.
Expectations for this quarter had been set high, with analysts estimating around 447,600 deliveries, according to FactSet. Meanwhile, an independent researcher known as Troy Teslike had projected even higher, predicting 481,000 deliveries for the quarter. Notably, Tesla had previously circulated a consensus forecast indicating expectations of 443,079 deliveries among analysts.
Tesla is scheduled to provide further insights into its third-quarter financial performance on October 22, which could help clarify the company’s path forward amidst these challenges and reveal its strategies in light of the expired tax credit. Despite the decline in production, the company’s ability to achieve growth in deliveries demonstrates its resilience in an evolving market.