Tesla Vehicle Deliveries Hit Record Last Quarter

Core Insights - Tesla delivered 497,099 vehicles in Q3, exceeding Wall Street's expectations of 443,079 and economists' projections of 456,000 [1][2] - This delivery figure surpasses the previous record of 495,600 vehicles in Q4 2024, marking a 7.4% year-over-year increase [2] - The company experienced a significant decline in Q2 with just over 384,000 deliveries, representing a 13% annual decrease, the largest on record [2] Industry Context - The increase in vehicle deliveries coincided with the expiration of a $7,500 federal tax credit for electric vehicle purchases, which may influence future EV sales [3] - Electric vehicle sales have been growing at a rate of 7%, reaching 1.6 million in 2024, compared to a 2% increase for non-electric vehicles [3] - Ford's CEO expressed concerns that the expiration of the tax credit could potentially halve EV demand [3]