Tesla sales surge to record on rush to snag US tax credit

Tesla Inc. reported a surprise increase in quarterly vehicle sales as US consumers accelerated electric-car purchases before federal tax credits expired.

- Bloomberg

While the tax credit expiration boosted Q3 sales, the pull-forward effect could mean weaker EV demand in 2025's final months.

(REUTERS)

The company delivered a record 497,099 vehicles worldwide during the period, up 7.4% from a year ago. That compares with the roughly 439,600 average projection compiled by Bloomberg.

Tesla has sought to revive its core automotive business, which languished for several quarters under the weight of an aging lineup, rising competition and the elimination of US policies supporting the electric vehicle (EV) market. The company also faced a consumer backlash to chief executive officer Elon Musk's politics as he worked closely with US President Donald Trump early this year.