Tesla reported a record-breaking 497,099 vehicle deliveries in Q3 2025, exceeding Wall Street forecasts. The surge was fueled by a rush to purchase electric vehicles before the expiration of a federal tax credit under President Donald Trump's July 2025 spending bill. Deliveries increased by 7% year-over-year, with production reaching 447,450 vehicles, including 435,826 Model 3 and Model Y units. The impending tax credit deadline drove U.S. sales, counterbalancing weaker European demand due to backlash against CEO Elon Musk's political activism and competition from Volkswagen and BYD. Additionally, Tesla's energy storage business expanded significantly, deploying 12.5 GWh of battery storage products.