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

Mint Chennai

|

October 03, 2025

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

- Bloomberg

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

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.

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AI ignites the return of Bezos the inventor

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Let digital links and AI fix gaps in power grids as they go green

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TCS, Wipro US patent suits worsen IT's woes

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Quality control orders: Let's fix all distortions

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SC clears Sandesarass after ₹5,100-crore settlement deal

Court drops all criminal proceedings against Sterling Biotech promoters in a bank fraud case

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Sunteck in Dubai with ₹10,000-cr luxe project

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Govt plans reform push in winter session

The government is preparing to push a packed reform agenda through parliament's short winter session that will start 1 December, with 15 sittings scheduled to clear major legislations tied to crucial issues, including ease of doing business, regulatory consolidation, foreign investment, and sectoral reforms.

time to read

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