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Tesla reports record sales, record storage—but profit slips as tax-credit rush pulls demand forward

Tesla posted all-time highs in vehicle deliveries and energy storage deployments in Q3, lifting revenue, but compressed automotive margins and a pull-forward su

By Ashley Lutz4 min readOct 22, 202576 views
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Tesla’s Q3 2025 update reports record vehicle deliveries and record energy storage deployments, alongside higher revenue, but earnings pressure persisted due to margin headwinds and a likely pull-forward of demand before U.S. EV tax credits expired in September.

​Shares dipped about 1.4% in after-hours trading as investors appeared to brace for softer demand through the remainder of the year.

Tesla reports record sales, record storage—but profit slips as tax-credit rush pulls demand forward CEO Elon Musk is expected to give more detail on the company’s quarterly earnings call at 5:30 p.m. Eastern time.

For this story, Fortune used generative AI to help with an initial draft. An editor verified the accuracy of the information before publishing. 

This story was originally featured on Fortune.com

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