Tesla’s Q3 Deliveries Hit Quarterly Record, Rise 7% To Exceed Analyst Estimates

Tesla Inc. (TSLA) on Thursday said that it delivered 497,099 vehicles in the third quarter of 2025, marking a year-over-year growth of 7.4% and its highest quarterly deliveries to date.

The increase in delivery numbers was likely spurred by customers in the U.S. rushing to make their EV purchases before the federal tax credit on EV purchases expired on September 30. Tesla was expected to deliver 447,600 units in Q3, according to estimates compiled by FactSet, as reported by CNBC. Tesla researcher Troy Teslike had expected the company to deliver 481,000 units.

Tesla does not break down its sales numbers by geography, but said that it sold 481,166 Model 3 and Model Y vehicles, and merely 15,933 units of its more premium offerings, including the stainless steel Cybertruck, the Model S sedan, and the Model X SUV.

The company produced 447,450 vehicles in the months through the end of September 2025 and deployed 12.5 gigawatt-hours (GWh) of energy storage products, marking an 81% year-over-year growth.

Tesla shares traded 3% higher in the pre-market session at the time of writing. On Stocktwits, retail sentiment around TSLA stock rose from ‘neutral’ to ‘bullish’ territory over the past 24 hours, while message volume stayed at ‘normal’ levels.

Tesla deliveries declined in both the first and second quarters of this year. In the second quarter, Tesla delivered 384,122 units, representing a 13.5% year-over-year decline. In the first quarter, Tesla reported deliveries of 336,681 units, marking a dip of nearly 13% from the corresponding quarter of 2024 and the company’s worst quarterly performance in at least two years.

Tesla’s best quarterly delivery performance before Q3 was in the fourth quarter of 2024, when it delivered 495,570 vehicles.

Tesla CEO Elon Musk is currently attempting to diversify from EVs with investments in autonomous vehicles, artificial intelligence, and robotics. Last month, Tesla’s board proposed a new compensation package valued at about $1 trillion for Musk. According to the new pay plan, Musk will receive no salary but will be awarded up to 423.7 million shares of Tesla in installments over 10 years, contingent upon the company meeting certain milestones, including increases in earnings, vehicle deliveries, robotaxis, and humanoid robots. Tesla shareholders must now approve the package.

While other automakers like Ford and General Motors also reported a significant rise in EV sales in the U.S. in the third quarter, their EV sales numbers trail behind Tesla’s. Chinese EV giant and Tesla’s biggest competitor BYD, meanwhile, reported 582,522 battery electric passenger vehicle sales in Q3.

TSLA stock has risen 14% this year and by approximately 85% over the past 12 months. 

Read also: Rivian Slashes Full-Year Delivery Guidance After Drop In Q3 Figures

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