Chinese automaker BYD, which saw EV sales rise 31% despite no presence in the U.S., is on track to surpass Tesla as the world’s largest electric carmaker.
Tesla reported a sharp rebound in third-quarter sales, delivering 497,099 vehicles worldwide between July and September, a 29% jump from the previous quarter and a 7% increase over last year.
The surge was driven largely by U.S. buyers rushing to take advantage of a $7,500 federal tax credit that expired on September 30.
BREAKING: Tesla delivered 497,099 vehicles in Q3, a 7.3% increase year-over-year, marking their strongest quarter to date.
— Tesla Owners Silicon Valley (@teslaownersSV) October 2, 2025
Congrats to @tesla @elonmusk on this huge quarter. pic.twitter.com/R5ivLTjNkP
Analysts caution the spike is temporary, as many purchases were pulled forward ahead of the credit’s elimination under President Donald Trump’s new tax and spending bill.
General Motors and Ford also posted record EV sales in the quarter, underscoring the short-term impact of the subsidy.
Despite the boost, Tesla’s market share continues to slip amid intensifying global competition and backlash against CEO Elon Musk.
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TIPP Staff
TIPP Staff
