Tesla vehicles are parked outside of a dealership on July 24, 2025 in Austin, Texas.
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.