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02.10.25 - 21:06
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Tesla Sales Jump Ahead of Expiring EV Incentive (Bloomberg)
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Cox Automotive Research and Development Director Stephanie Valdez Streaty discusses Tesla's sales growth in the third quarter and how the end of US electric vehicle tax credits will impact car sales broadly. She joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)...
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02.10.25 - 15:48
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Tesla Sales Surge Just Before US Tax Credit Expires (Bloomberg)
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Tesla Inc. reported a surprise surge in US quarterly sales just before federal tax credits were about to expire. The company delivered a record 497,099 vehicles worldwide during the third quarter, up 7.4% from a year ago. The Bloomberg estimate was for about 439,600 in sales. Bloomberg's Ed Ludlow reports. (Source: Bloomberg)...
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02.10.25 - 15:48
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Tesla Shares Surge To 2025 High After Q3 Deliveries Smash Expectations (ZeroHedge)
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Tesla Shares Surge To 2025 High After Q3 Deliveries Smash Expectations
Tesla shares jumped 3.5%, rising to a fresh 2025 high and pushing Elon's wealth above $500 billion, after the company reported stronger-than-expected third-quarter delivery figures. Deliveries came in at 497,099 vehicles, a 7.4% increase from a year earlier and smashing Bloomberg consensus estimates of 439,612. The numbers also beat the recently-boosted guidance from Goldman and UBS.
The bulk of the growth came from the company's mass-market lineup: Model 3/Y deliveries reached 481,166, up 9.4% year-over-year and surpassing expectations of 424,828. Deliveries of Tesla's other models totaled 15,933, representing a 53% jump from the previous quarter but slightly below estimates of 17,184.
On the production side, Tesla built 447,450 vehicles, down 4.8% from a year earlier and just under the consensus of 450,313. Model 3/Y production totaled 435,826, a 1.8% decline but still ahead of forecasts. Production of other models sl...
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