Tesla deliveries rise 7% before EV tax credits expire
Tesla vehicles are parked outside of a dealership on July 24, 2025 in Austin, Texas.
Brandon Bell | Getty Images
Tesla reported quarterly vehicle deliveries up 7% over the year prior for the period ended Tuesday, the same day that a key tax credit for buyers of electric vehicles in the U.S. expired.
Here are the key numbers:
- Total deliveries Q3 2025: 497,099
- Total production Q3 2025: 447,450
Shares sank Thursday following the report. Tesla plans to update investors on its third-quarter financial results on Oct. 22.
The company reported 462,890 total deliveries in the third quarter of 2024. Tesla saw a decline in production this quarter compared to the 469,796 vehicles produced last year.
The Elon Musk-led company was expected to report around 447,600 deliveries, according to estimates compiled by FactSet.
An independent researcher who publishes as Troy Teslike on Patreon predicted 481,000 deliveries for the quarter. Tesla distributed a company-compiled consensus on Sept. 26, which said analysts were expecting 443,079 deliveries.
The company doesn’t break out sales and production by model or region. However, Tesla said it produced 435,826 of its most popular Model 3 and Model Y cars. Deliveries are the closest approximation of vehicle sales reported by Tesla but are not precisely defined in the company’s shareholder communications.
Tesla’s third quarter was hampered by a continuing sales slump in Europe driven partly by consumer backlash against Musk and his incendiary political rhetoric and activism, as well by competition from EV makers like Volkswagen and BYD, which are picking up market share.
The slowdown in Europe was partially offset in the U.S., where buyers rushed to purchase EVs ahead of the expiration of a federal tax credit, which ended as part of President Donald Trump’s spending bill passed in July.
Earlier this week, Ford said sales of its all-electric vehicles increased by 30.2% during the period to help it notch a fresh quarterly record of more than 30,600 units, still lagging far behind Tesla.
Tesla’s stock price has been on a tear of late, jumping 40% in the third quarter and turning positive for the year following a brutal first three months of 2025. As of Wednesday’s close, the stock is up 14% this year, compared to the Nasdaq’s 18% gain.
In the second quarter, Tesla reported 384,122 deliveries, a 14% year-over-year decline and the second straight quarterly drop.
In Tesla’s energy business, the company said it deployed 12.5 GWh of its storage products, including its Megapack and new Megablock systems, which are backup batteries that store energy alongside businesses or utility-scale facilities.
Musk’s xAI has been a big buyer of Tesla’s battery energy storage systems in recent quarters.
Tesla’s Megapacks generally store electricity produced by renewable sources, like wind turbines or solar panels, for later use. They can also store electricity produced during lower-demand periods to be used during peak hours, helping defray some of the costs.
The company said it deployed 9.6 GWh of energy storage products in the second quarter of 2025, and 6.9 GWh of energy storage products during the third quarter of last year.
WATCH: U.S. EV tax credit ending will be long-term win for Tesla
First Solar just cut the ribbon on a huge new factory in Iberia Parish, Louisiana, and it dwarfs the New Orleans Superdome. The company’s $1.1 billion, fully vertically integrated facility spans 2.4 million square feet, or about 11 times the size of the stadium’s main arena.
The factory began production quietly in July, a few months ahead of schedule, and employs more than 700 people. First Solar expects that number to hit 826 by the end of the year. Once it’s fully online, the site will add 3.5 GW of annual manufacturing capacity. That brings the company’s total US footprint to 14 GW in 2026 and 17.7 GW in 2027, when its newly announced South Carolina plant is anticipated to come online.
The Louisiana plant produces First Solar’s Series 7 modules using US-made materials — glass from Illinois and Ohio, and steel from Mississippi, which is fabricated into backrails in Louisiana.
The new factory leans heavily on AI, from computer vision that spots defects on the line to deep learning tools that help technicians make real‑time adjustments.
Louisiana Governor Jeff Landry says the investment is already a win for the region, bringing in “hundreds of good-paying jobs and new opportunities for Louisiana workers and businesses.” A new economic impact analysis from the University of Louisiana at Lafayette projects that the factory will boost Iberia Parish’s GDP by 4.4% in its first full year at capacity. The average manufacturing compensation package comes in at around $90,000, more than triple the parish’s per capita income.
First Solar CEO Mark Widmar framed the new facility as a major step for US clean energy manufacturing: “By competitively producing energy technology in America with American materials, while creating American jobs, we’re demonstrating that US reindustrialization isn’t just a thesis, it’s an operating reality.”
This site joins what’s already the largest solar manufacturing and R&D footprint in the Western Hemisphere: three factories in Ohio, one in Alabama, and R&D centers in Ohio and California. Just last week, First Solar announced a new production line in Gaffney, South Carolina, to onshore more Series 6 module work. By the end of 2026, the company expects to directly employ more than 5,500 people across the US.
Read more: First Solar pours $330M into a new South Carolina solar factory
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No, it’s not the new Bolt. GM’s design team previewed a new high-riding “sporty Chevrolet EV” that should be brought to life.
Is Chevy launching a new sporty EV?
This is the all-electric vehicle Chevy should sell in the US. General Motors’ design team released a series of sketches previewing a sporty new Chevy EV.
Although it kinda looks like the new 2027 Chevy Bolt EV as a higher-sitting compact crossover SUV, the design offers a fresh take on what it should have looked like.
The new Bolt is essentially a modernized version of the outgoing EUV model with a similar compact crossover silhouette. Nissan adopted a similar style with the new 2026 LEAF as buyers continue shifting from smaller sedans and hatchbacks to crossovers and SUVs.
Will we see the sporty Chevy EV in real life? It’s not likely. For one, the “exploration sketch” is by GM China Advanced designer Charles Huang.
GM Design posted the sketches on its global social media page, but the caption read “Sporty Chevrolet EV for the China Market.”
It’s too bad. The Bolt could use a sporty sibling like an SS variant. Chevy introduced the Blazer EV SS (check out our review) for the 2026 model year, its fastest “SS” model yet. Packing up to 615 horsepower and 650 lb-ft of torque, the Chevy Blazer SS can race from 0 to 60 mph in 3.4 seconds when using Wide Open Watts (WOW) mode.
Will the Bolt be next? I wouldn’t get my hopes up. And if GM does bring the sporty Chevy EV to life, it will likely only be sold in China. Like all the fun cars these days.
What do you think of the design? Would you buy one of these in the US? Let us know your thoughts in the comments.
While deliveries of the 2027 Bolt are set to begin in early 2026, Chevy is offering some sweet deals on its current EV lineup, including up to $4,000 off in Customer Cash and 0% APR financing for 60 months.
Ready to test drive one? You can use our links below to find Chevy Equinox, Blazer, and Silverado EVs at a dealership near you.
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Podcast: Electricity is the base currency, Tesla Robotaxi crashes, new Porsche Cayenne EV, and more
In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss electricity becoming the base currency, Tesla Robotaxi crashes, the new Porsche Cayenne EV, and more.
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