Tesla reports blowout Q3 deliveries as buyers plow in before federal tax credit expires

Core Insights - Tesla reported a record third quarter with global deliveries reaching 497,099 units, surpassing Bloomberg's consensus estimate of 439,800 and the previous year's 462,890 units [1][5] - The company also achieved global production of 447,450 units and deployed a record 12.5 GWh of energy storage products [2] - Despite strong delivery numbers, Tesla faces challenges in Europe, including increased competition and potential alienation of buyers due to CEO Musk's political stance [2] Delivery and Production Performance - Q3 deliveries of 497,099 units set a new quarterly record for Tesla [1] - Global production for the quarter was reported at 447,450 units [2] - Tesla's energy storage deployment reached a record 12.5 GWh [2] Market Challenges - In August, Tesla's EV registrations in Europe fell to 14,831 units, marking a 22.5% decline year-over-year, while total EV registrations in the region increased by 26.8% [3] - The expiration of the $7,500 federal tax credit in the U.S. raises concerns about future sales, with predictions from Ford's CEO indicating potential sales could drop by half [4] - CEO Musk has indicated that Tesla may experience "a few rough quarters" following the tax credit expiration [4] Stock Performance and Future Outlook - Tesla shares have increased over 30% in September, reflecting investor optimism regarding the company's future products, including AI and robotics initiatives [5] - Full Q3 results are scheduled to be reported on October 22nd [5]