Tesla Delivers Strong Q3 Despite Growth Slowdown, Shares Rise
Tesla Inc. (A1CX3T) shares closed at $459.46 on the Nasdaq, reacting positively to the company's latest delivery figures. The electric vehicle (EV) giant's stock price has been bolstered by strong sales, despite a slowdown in growth expected in 2025.
Tesla's vehicle deliveries in Q3 2025 exceeded analyst estimates, reaching 497,099 units. This marks a 7.4% increase year-over-year. However, production dipped by 4.8% to 447,450 vehicles in the same period. The growth in deliveries can partly be attributed to the expiration of the $7,500 federal tax credit for EVs in the U.S., which has driven consumers to purchase EVs before the incentive ends.
Tesla's energy storage product installations also surged, jumping from 6.9 GWh in Q3 2024 to 12.5 GWh in Q3 2025. Despite these positive developments, the company's P/E ratio stands at an extremely high 270, largely justified by growth expectations.
Looking ahead, Tesla anticipates a slowdown in delivery growth in 2025 compared to previous years. Robyn Denholm, Tesla's Chairperson, has emphasized Elon Musk's leadership as crucial to the company's continued success. Tesla's stock price remains buoyant, reflecting investors' confidence in the company's long-term prospects.
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