Tesla's global electric vehicle sales fell 2% in the third quarter but were higher than expected, and its stock price rose 5%
Quick Look
- Tesla announced that global electric vehicle sales in the third quarter were 486,532 units, down 2% from the same period last year, but higher than market expectations of 482,000 units.
- The stock price rose 5% after the news was announced.
- Although the base in the same period last year was higher due to the imminent expiration of U.S. tax credits and increased sales in Europe, sales in China and the United States are expected to decline.
AI-generated summary
Why It Matters
Tesla is the world's leading electric vehicle manufacturer, and its quarterly sales data are often regarded as a benchmark for the new energy vehicle market. In the same period last year, the sales of electric vehicles in the United States increased significantly due to the expiration of tax credit incentives at the end of September 2025, forming a high base.
[Central News Agency] Electric vehicle manufacturer Tesla said that although global electric vehicle sales in the third quarter fell compared with the same period last year, they were higher than market expectations. After the news was announced, Tesla's stock price surged today.
Agence France-Presse reported that Tesla, owned by billionaire Elon Musk, sold a total of 486,532 vehicles in the third quarter (July to September), down 2% from the same period last year, but still better than most market expectations.
Please read on...
Electric vehicle sales in the United States during the same period last year increased significantly due to the expiration of a tax credit benefit at the end of September 2025. The market originally expected sales to decline even more in the third quarter of this year.
Tesla's stock price rose 5.0% near noon U.S. time.
The data released by Tesla today are global sales, and sales figures for the U.S. market are not separately listed. However, interest in electric vehicles has increased as gasoline prices soared due to the U.S.-Iran war.
Analysts at JPMorgan Chase forecast Tesla’s third-quarter sales of 482,000 vehicles. They pointed out that European data for July and August showed that Tesla sales increased compared with the same period last year, but sales in China and the United States are expected to decline.
Analysts said that despite continued inflation, the U.S. auto market still shows resilience, and consumers will still go to car dealers to buy cars. Some buyers cannot afford the car models they originally wanted and will choose to "downgrade" to purchase lower-priced products. (Compiled by: Xu Ruicheng) 1151003
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What to Watch
AI outlook — possibilities, not facts
Tesla stock price could continue to rise in the short term
Likely · Within weeks
Open Questions
- What is Tesla's specific sales performance in the Chinese market?
- How long will the impact of the US-Iran conflict on oil prices last?
- Will Tesla adjust its pricing policy to combat inflationary pressures?
