Tesla(US:TSLA) Huan Qiu Wang·2025-10-03 02:50Core Insights - Tesla reported record-high deliveries of 497,099 vehicles in Q3 2025, a 7.4% year-over-year increase, significantly exceeding market expectations of 447,600 vehicles [3] - The company's production for the same quarter was 447,450 vehicles, showing a decline compared to the previous year [3] - Tesla's energy storage business achieved a record deployment of 12.5 GWh, marking a strong performance [3] Market Performance - Following the release of delivery data, Tesla's stock initially rose over 4% in pre-market trading but later fell, reflecting investor concerns about "subsidy-driven demand" and the underlying market dynamics [4] - Year-to-date, Tesla's stock gains have narrowed to below 10% [4] Regional Market Dynamics - In Europe, Tesla's sales have been weak, partly due to consumer backlash against Elon Musk's controversial political stance, allowing competitors like Volkswagen to gain market share [3] - In the U.S., demand has been temporarily boosted by a policy change regarding federal tax credits, which will no longer apply to vehicles purchased after September 30, 2025 [3] Future Events - Tesla is set to release its Q3 financial results on October 22, and a vote on Musk's new compensation plan will occur at the upcoming annual shareholder meeting [4] - The compensation plan could be worth up to $1 trillion, contingent on Tesla's market value reaching $8.5 trillion, which is eight times its current level [5] Investor Sentiment - Investors are increasingly focusing on Tesla's long-term growth narrative, particularly in areas such as autonomous vehicles, artificial intelligence, and robotics, rather than short-term sales weaknesses [5]