Tesla (TSLA) has released its Q3 2025 production and delivery results this morning, confirming it delivered 497,000 electric vehicles during the third quarter.
In Q3 2024, Tesla delivered 463,000 electric vehicles globally.
Tesla’s vehicle deliveries have been on a steady decline for the past 2 years, but Tesla has been expected to finally deliver year-over-year growth in Q3 due to the end of the federal tax credit for electric vehicles ending in the US and pulling a lot of demand forward.
The official company-compliled analyst consensus was 443,000 deliveries, but that includes a lot of estimates that weren’t updated later in the quarter.
Most delivery estimates from analyts who recently updated their estimates are between 460,000 to 490,000 deliveries.
Tesla Q3 2025 vehicle deliveries
Just ahead of the stock market opening, Tesla release its quarterly delivery reports – confirming that it delivered 497,000 electric vehicles in Q3 2025.
It beat expectations.
Here are the full Tesla delivery results for Q3 2025:
| Production | Deliveries | Subject to operating lease accounting | |
| Model 3/Y | 435,826 | 481,166 | 2% |
| Other Models | 11,624 | 15,933 | 7% |
| Total | 447,450 | 497,099 | 2% |
Tesla Q3 2025 energy storage deployment
Tesla now also releases its energy storage deployment, Powerwalls and Megapacks, with its quarterly vehicle delivery results.
Today, the company confirmed that it deployed 12.5 GWh of energy storage capacity during the quarter.
In comparison, Tesla had deployed 6.9 GWh in Q3 2024.
Electrek’s Take
Top comment by Ben
Good that they reduced inventory by 50,000. However, that’s indicative of a major problem. Tesla isn’t supposed to have any meaningful inventory. Its cars are intended to be built for a specific buyer. However, in order to achieve positive gross profit, the factories have to run at a certain production rate. For Tesla, inventory = lack of demand.
Also, I can’t even imagine how much money they’re losing on S, X, and Cybertruck. Production lines that are designed to produce 350,000 cars per year are running at an annual rate of 46,500 units.
As expected, this is a good performance from Tesla, mostly driven by demand in the US due to the end of the tax credit.
With about 50,000 more deliveries than vehicle produced, Tesla managed to get rid of its extra inventory it created in the first half of the year.
That’s very positive for the company.
However, Q4 is expected to be much rougher as Tesla will have to choose between deliveries or earnings.
FTC: We use income earning auto affiliate links. More.
Comments