Tesla reported a 7% increase in global quarterly deliveries, totaling 497,099 units. Sales were likely boosted by the impending expiration of a US tax credit for EV purchases. Despite the increase in deliveries, production figures for the quarter were down 4.8% from the previous year.

Sales of EVs in the US saw a surge as the tax credit incentive ended on September 30, 2025. The tax credit was terminated as part of President Trump’s spending bill. Tesla’s strong performance in the US helped offset weaker sales in Europe and China.

Overall, Tesla delivered 497,099 units in Q3, up 7.4% from the previous year. While production figures were down 4.8% year-over-year, the company’s performance in the US was strong, likely driven by the impending expiration of the EV tax credit.

Read more at Yahoo Finance: Tesla gets sales boost ahead of US EV incentive end