Tesla sales smash Wall Street's expectations
Tesla posted record sales in Q3 last year as buyers rushed to take advantage of the $7,500 tax credit for new EVs, which expired in September 2025.
Tesla announced that it sold 486,532 vehicles in the third quarter, a figure that exceeded Wall Street's predictions. The sales beat analysts' expectations, which had predicted around 462,000 deliveries. The figures marked a 2% decrease year over year. Tesla's performance stood out as the US EV market contracted, with August sales down 47% year over year.
Despite this, Tesla has maintained its position in the market, with the Model Y contributing to its increased market share. The automaker's robotaxi fleet has been expanded to include the Cybercab, a robotaxi without pedals or a steering wheel, set to begin production soon. SpaceX's potential merger with Tesla has been speculated, as both companies continue to push the boundaries of innovation in their respective fields.
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