Tesla set a new company record for deliveries from July to September 2025. Almost half a million vehicles reached customers this quarter. A big part of this came from people trying to qualify for the last days of the federal tax credit.
Tesla delivered 497,099 vehicles in three months. This is 7.4% more than the same period last year. Tesla built 447,450 vehicles this quarter. Most came from the Model 3 and Model Y. These two made up 435,826 vehicles produced and 481,166 delivered. The rest came from the Model S, Model X, and Cybertruck. There were 11,624 of these vehicles built, and 15,933 delivered.
Impact of the federal tax credit
Many customers in the U.S. rushed to buy before the $7,500 electric vehicle tax credit ended September 30. This increased U.S. demand by a lot. In Europe, Tesla had 22.5% fewer registrations than a year ago. The boost from U.S. buyers helped cover this drop.
Tesla’s energy storage sales were also high. The company deployed 12.5 GWh of storage products in Q3. This is much higher than last year’s 6.9 GWh. The energy division is now an important part of Tesla’s business.
Wall Street thought Tesla would deliver between 439,800 and 448,000 vehicles. Some guessed as high as 460,000. Nobody expected 497,099. Tesla went past even the highest estimates.
New Model Y Performance launched
Tesla released a new Model Y Performance in the U.S. on September 30. This was right before the tax credit deadline. The car costs $57,490. It now does 0-60 mph in 3.3 seconds, has a 308-mile range, adaptive suspension, and an upgraded interior.
Tesla’s stock went up in premarket trading. Later, the price fell. Investors had questions about what happens now that the tax credit is gone. Tesla stock is up 14% since the start of the year.
Looking ahead to next quarter
Some analysts expect fewer sales after the tax credit ended. Orders placed before September 30 still get the incentive, even if cars are delivered later. Tesla usually sees a strong fourth quarter with higher demand and year-end offers.
Tesla will report its full Q3 financial results after markets close on October 22, 2025. There will be a live management Q&A webcast at 4:30 p.m. Central Time. More details about profits and outlook will come then.
Tesla had fewer deliveries earlier this year. The Q3 results set a new pace as the company faces both new demand and fresh challenges near the end of 2025.
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