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Tesla’s Q3 EV Sales Rebound Amid Rising Competition
Tesla (NASDAQ: TSLA) saw a significant rebound in electric vehicle (EV) sales during the third quarter of 2025, delivering 497,099 EVs, up 7% year-over-year. This comes after a 13% decline in sales in the first half of the year, with a total of 720,803 deliveries. The company’s market share in China dipped by 4.2% percentage points to 7.5%, primarily due to increased competition from low-cost manufacturers like BYD.
While Tesla holds a dominant market share of 43.1% in the U.S., the surge in sales may be attributed to consumers rushing to purchase EVs before the expiration of the $7,500 government tax credit on September 30. The company’s results for the full quarter will be released on October 22, where CEO Elon Musk is expected to discuss upcoming products like the Cybercab robotaxi, set for mass production in 2026, and the Optimus humanoid robot.
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