Tesla beat a new record with a 7% sales increase in the third quarter, the automaker reported on Thursday after the $7,500 tax credit for new electric vehicles expired on Sept. 30.
The quarterly sales results were likely affected by customers who wanted to buy EVs ahead of the expiration date for the federal subsidies.
The final tally was 497,099 global vehicle deliveries, compared to 462,890 the same time last year. The new figure beat analysts’ projections of 456,000 deliveries. The last record was set in the fourth quarter of 2024, when 495,570 Teslas were delivered.
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The sales figures put Tesla on pace with other automakers. General Motors and Ford said on Wednesday that their sales increased by 8% in the third quarter after record numbers
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