Tesla Hits Delivery Milestone, But EV Boom Could Be Fading

Tesla just handed over nearly half a million cars in a single quarter. That's a big win for the folks in Austin, Texas, where CEO Elon Musk and his team crunch the numbers. On October 2, 2025, the company announced it delivered 497,099 electric vehicles worldwide during the third quarter, its best ever, topping last year's 462,890 by a solid 7%.

Production came in at 447,450 units, with the popular Model 3 and Model Y making up the bulk. What got everyone buzzing? A rush of buyers in the U.S. snapped up cars before a key deadline. The federal tax credit up to $7,500 off per vehicle wrapped up on September 30, thanks to new laws pushed through earlier in the year.

Families and commuters flooded showrooms in places like California and Michigan, eager to lock in the savings. Tesla even boosted its energy side, deploying a record 12.5 gigawatt-hours of storage like Powerwalls, showing the company's not just about cars anymore.

But here's the catch that has Wall Street scratching its head. That credit pulled demand forward. Ford's CEO, Jim Farley, warned it could drop EV market share to just 5% next month, down from recent highs around 11%. Dealers in the Midwest are already holding back on orders, worried about stacks of unsold batteries. Tesla's stock dipped 5% that day, even with the good news, as investors eye a possible slowdown in the fourth quarter.

Full earnings details drop October 22, so we'll know more then. I have to admit, it's incredible to see Tesla expanding so quickly.

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