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Tesla reports 486,532 vehicle deliveries for third quarter, topping expectation
Tesla said deliveries rose from the second quarter and topped forecasts as U.S. electric vehicle demand weakened after a federal tax credit expired.
Tesla announced total third quarter vehicle deliveries of 486,532 on Friday, surpassing estimates from Analysts, StreetAccount, and the company's own consensus.
Deliveries fell about 2% from 497,099 a year earlier, though Sales climbed from the second quarter's 480,126 vehicles as the EV market struggled Since the $7,500 tax credit expired.
StreetAccount consensus pegged deliveries at around 461,100, while Bloomberg analysts expected 463,761 and Tesla's own compilation predicted 461,974.
Despite strong delivery results, The Tesla share price remains down more than 20% Since the start of the year as Investors increasingly focus on robotics ventures.
Elon Musk and SpaceX executives have hinted at a potential merger while Musk pushes Cybercab and Optimus production, signaling broader strategic ambitions beyond traditional vehicle sales.
A year ago, prior to the expiry of the US electric car premium, the gate closing panic pushed Tesla deliveries up. The latest quarter can't keep up with this – but it went better than expected.
Tesla delivered 486,532 vehicles to customers in the third quarter, which was below the year-ago figure but exceeded analyst expectations. The news sent the company's shares up nearly 3 percent.