Tesla deliveries rose to a record, far exceeding expectations. Is the crisis over?

Tesla's global shipments rose in the July-September quarter, the company said. This happened for the first time in three quarters, the Financial Times noted.

The company delivered 497,099 vehicles in the past three months - up 7% from the same period a year earlier and 12% above Wall Street consensus, the FT reports, citing Visible Alpha data. This is a record volume of deliveries, Bloomberg writes. The company does not disclose the number of cars sold, but deliveries are considered by Wall Street to be the closest on record.

Separately, Tesla reported the number of vehicles produced: 447,450 in the third quarter.

Tesla did not provide a regional breakdown of deliveries, but analysts estimate that they are up 11% in the US compared to the third quarter of last year, the FT added. Consumers in the US have been buying up electric cars en masse ahead of the end of the electric car tax credits on September 30, the publication explained. Tesla itself has emphasized in recent months that the end of the $7500 federal tax credit could temporarily support demand, Reuters added.

Current data on deliveries give only a preliminary signal before the quarterly report, which will be released on October 22, emphasizes Bloomberg. In addition, next month at the annual meeting of shareholders will vote on a new compensation package for Elon Musk, the amount of which could reach $1 trillion, the publication adds.

Despite a surge in demand in the third quarter, analysts expect Tesla sales to fall again in October-December to 390,000 cars, Reuters writes. In addition, Wall Street predicts that Tesla will record its second consecutive annual sales decline, Bloomberg adds. According to the forecast of experts surveyed by the publication, the company will deliver about 1.61 million cars in 2025 - 10% less than a year earlier (1.79 million).

In recent quarters, Tesla has faced difficulties: an outdated lineup of models, growing competition and the withdrawal of state support for the electric car market in the United States have put pressure on sales, explains Bloomberg. An additional blow was the negative reaction of some customers to the political activity of CEO Elon Musk, who earlier this year worked closely with Donald Trump, the publication adds.

Tesla shares rose less than 1% in the first minutes after the opening of the main trades, but then lost all of their gains and began to fall by about the same amount. At the pre-market the growth exceeded 4% at the moment.

The company's shares jumped 33% in September, recovering losses from the beginning of the year and showing the best monthly result in 2025, Bloomberg notes. Investors largely turned a blind eye to Tesla's weak sales in the first half of the year, focusing on Musk's promises to develop drone technology, artificial intelligence and robotics.

Analysts, however, remain cautious about Tesla shares. Only 46% of experts, who assigned ratings to them, advise to buy the securities (Buy and Overweight ratings). Another 32% hold a neutral position with Hold rating, and 24% suggest selling (Sell and Underweight).

The consensus target price target of $347 implies another 25% drop in the company's market value from the last close on October 1.

This article was AI-translated and verified by a human editor