Tesla's Record Q3: Over 497,000 Vehicles Delivered, Affordable Model Y & 3 Coming
Tesla's third quarter was record-breaking, with over 497,000 vehicles delivered and 12.5 GWh of energy storage deployed. However, sales were mixed in Europe and the rest of the world, with strong growth in some countries but steep declines in others. The company is anticipating an affordable Tesla Model Y and a more budget-friendly Tesla Model 3, while competitors like Subaru and Chevrolet are yet to offer an electric compact SUV under $30,000.
Tesla's quarterly sales were boosted by the end of the US tax credit, which pulled forward sales from the 4th quarter to the 3rd quarter. Tesla Model 3 and Model Y sales soared as a result. The company is now preparing for the launch of an affordable Tesla Model Y, starting below $35,000 in the US and below $30,000 in China, with a 3-year warranty and up to 4 trims. Additionally, Tesla is expected to release a more affordable Tesla Model 3 at a price as low as $29,990.
In Europe and the rest of the world, sales were mixed. While countries like Norway and Australia saw strong growth, Canada and Germany experienced steep declines. Despite high competition, Tesla Model 3, Model Y, and Model YL sold well in China, but demand may be pulled into the 4th quarter due to incentives reduction. Meanwhile, Tesla Model S, Model X, and Cybertruck continued to underperform in sales.
Tesla's Full Self Driving (FSD) V14 is expected to be improved but still supervised, with minimal impact on 4th quarter sales but potential big impact in 2026. The Tesla Model Y Performance with Vehicle to Load (V2L) and Vehicle to Grid (V2G) features is anticipated to sell 50,000 units due to pent-up demand. However, the release of a new electric compact SUV under $30,000 by competitors like Subaru and Chevrolet is not confirmed for 2026.
Tesla's record-breaking third quarter was marked by strong sales and anticipation of new, affordable Tesla Model Y and Tesla Model 3 models. However, the company faces mixed sales in international markets and competition from other automakers. The upcoming quarters will be crucial for Tesla stock as it introduces new models and navigates changing market conditions.
Read also:
- Kazakhstan's National Bank Boosts Currency Sales to $1.4 Trillion in Q4
- Federal petition from CEI seeking federal intervention against state climate disclosure laws, alleging these laws negatively impact interstate commerce and surpass constitutional boundaries.
- Duty on cotton imported into India remains unchanged, as U.S. tariffs escalate to their most severe levels yet
- Steak 'n Shake CEO's supposed poor leadership criticism sparks retaliation from Cracker Barrel, accusing him of self-interest
