Tesla vehicles line a parking area at the company's Fremont, California, factory on August 5. Noah Berger/AP
Tesla sales surged in the third quarter as American buyers rushed to buy its cars before a $7,500 federal tax credit expired on September 30.
The company sold 497,099 vehicles worldwide from July through September. That’s up 29% from the 384,122 sold in the second quarter, and up 7% from the third quarter of 2024. It was also the first quarter this year that Tesla posted a year-over-year sales gain.
But experts said the gains might not remain as many of the sales that took place ahead of the tax credit expiration are likely to depress sales in the months ahead.
Tesla only reports global sales figures and the company does not break out sales by region. But other automakers repo