Elon Musk in the White House in March.
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The sales of Tesla’s third quarter electric vehicles set a record of a company that blasted analysts’ expectations, as US buyers rushed to take cars before the end of the federal tax credit and Managing Director Elon Musk. But the spike on traditions seems to be short, as the company remains on the right track for another annual decline.
Austin -based Tesla said it delivered 497,099 electric vehicles during the quarter ending on September 30, increased by 7.4% compared to the previous year and the first such increase this year. The results were well above analysts’ expectations, at best, 480,000 points for the period and came despite the reductions in China, the largest market and Europe. The company was well positioned for a large increase, as it had a substantial inventory of unsold models coming in the quarter, as production in the first semester exceeded traditions by more than 50,000.
“Tesla has also been removed from Elon which is a central government, which I think has helped”
“It was not necessarily amazing to see how strong US sales were due to the expiry of tax credit and had the stock available,” said Jessica Caldwell, an executive analyst for the Edmunds industry researcher. “Tesla has also been removed from Elon to be a central government, which I think has helped, because when we examined the trademark test earlier in the year and people are shopping with other brands, it does not necessarily paint the most rooted image.
Tesla is far from the only car industry to publish a sales increase driven by the end of the $ 7,500 federal faith, with GM, Ford, Hyundai and other brands reporting large profits in September for electric models. Its sales rise comes as Musk, whose net value exceeds $ 500 billion, encouraging investors to see Tesla as a AI and Robotics company, although EVS, batteries and EV charging services represent almost all its revenue. It could be an important player in robotia and sell the humanoid robots “Optimus” one day, but its excessive assessment – with a stock price that is currently about 253 times the company’s estimated profits – is mainly powered by the faith that many investors put in their allegations.
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“The excitement around the markets for Robotaxi and Optimus have jumped in front of the [near-term] Investor’s minds, “said Ben Kallo, Baird’s stock analyst, in a research note. As a result, although he expects that the annual decline in sales this year and the” unstable “basic principles-worse as the sales of car sales and sales of car sales. Tesla will keep Tesla’s shares.
However, this did not happen on Thursday. Tesla, who jumped into the process of trading on Thursday, decreased by 5.1% to $ 436 at Nasdaq Trading.
Tesla’s sales profit was almost entirely driven by the US market, as China, its largest area, probably saw one Falling 8% quarter a year ago and European sales were under 20%. And despite the total quarterly sales force, Tesla’s EV deliveries continue to decline about 6% this year by September. Kallo estimates that it will deliver 1.67 million vehicles in 2025, down about 7% from 2024.
The company’s largest sales reductions came in the first and second quarters, when Musk was an active member of President Trump’s administration, shot off federal workers and reduces federal humanitarian programs such as USAID. And although initially boasting to reduce up to 2 trillion federal spending, it is unclear if even saved a fraction of 180 billion dollars When he resigned from his role in May.
Protesters are protesting against Elon Musk outside the Tesla Diner in Los Angeles on September 26th.
AFP via Getty Images
These actions, along with the support of the high profile for far -right causes and politicians, prompted protests and vandalism at Tesla stores in all the US and Europe. And even though he soon released with Trump after leaving the administration, he showed signs that he was trying to rebuild the best relationships again, mainly with his friendly encounter in a Memorial for Charlie Kirk in September.
Musk continues to make controversial comments on X, his social media platform, but his absence from daily national news coverage seems to have helped Tesla.
“Consumers have short-term memories and the separation of Musk from Trump and are less than a pinch-at least in terms of what he did or does not headline-he said that many more people felt okay to buy or hire a Tesla,” said Loren McDonal
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