(Reuters) – Tesla deliveries for the third quarter exceeded analysts’ expectations on Thursday, in a context of customer rush on a tax credit for the purchase of popular electric vehicles in the United States having compensated for the collapse of demand in Europe

For months, the group has been talking about the expiration on September 30 of the federal tax credit of $ 7,500 (6,389.50 euros) as a reason to stimulate sales. Financing offers and discounts to stimulate sales have been offered while the tax credit has also been used to offer attractive rental prices.

Tesla said that he had delivered 497,099 vehicles in the third quarter, up 7.4% compared to the 462,890 vehicles delivered a year ago. Analysts expected around 443,919 vehicles for the July-September period, according to the Visible Alpha estimates.

In China, Tesla began to deliver the YL model in September, a family variant that should stimulate demand on the world’s largest electric vehicle market.

Europe, on the other hand, remained a weak point for the group. In August, Tesla sales in Europe and the United Kingdom dropped by 22.5% compared to the previous year, reducing its market share to 1.5%, according to data from the Association of European Automobiles (ACEA).

Deliveries for the entire year 2025 should amount to 1.61 million, or about 10% less than in 2024, according to Visible Alpha.

(Written by Akash Sriram in Bangalore; Etienne Breban, edited by Kate Entringer)

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