Tesla saw a significant increase in sales in the third quarter of the year, and its delivery figures were impressive. The company delivered a total of 497,099 vehicles to customers between July and September. Of these, 481,166 were Model 3 and Model Y vehicles, while deliveries of other models totaled 15,933.

Tesla Sales Leveling Out

This performance represents a 7.4 percent increase compared to the third quarter of 2024. For Tesla, which operates a direct sales model, these delivery figures were the clearest indicator of its sales performance.

The primary driver of this third-quarter delivery increase was the impact of the $7,500 federal electric vehicle tax credit, which expired on September 30th. Consumers accelerated their vehicle purchases before the incentive expired, which helped Tesla deplete its excess inventory. On the production side, the company produced a total of 447,450 vehicles in the third quarter. This represents a 5 percent decrease compared to the same period last year. Of the vehicles produced, 435,826 were Model 3 and Model Y, while 11,624 were other models such as the Model S, Model X, and Cybertruck.

Following the expiration of the federal tax credit, experts predict a decline in electric vehicle sales in the US in the coming quarters. Tesla CEO Elon Musk also stated that the company will face several challenging quarters in the coming period. Despite these challenges, Musk believes Tesla will recover thanks to its plans in artificial intelligence and robotics, particularly robotaxis and humanoid robots.