NEW YORK (Tazza Globel News) – Tesla surprised analysts with a 7% jump in third-quarter sales, as buyers rushed to take advantage of a $7,500 federal tax credit before its September 30 deadline. The company sold 497,099 vehicles during the quarter, far above Wall Street’s estimate of 456,000 and higher than last year’s 462,890.
The increase comes after two straight quarters of steep declines, driven in part by backlash over Elon Musk’s controversial political statements. While the sales figure briefly boosted Tesla’s stock, skepticism remains over whether the rise marks a genuine turnaround or just a temporary spike in demand.
Market analysts remain cautious, noting Tesla still faces “demand issues” globally, with sales in Europe tumbling after Musk’s political remarks stirred protests. However, investors have shown confidence, betting on the upcoming cheaper Model Y, as well as Musk’s ambitious projects such as robotaxis and humanoid robots.
Meanwhile, Musk’s pay package—potentially worth up to $1 trillion if performance targets are met—has fueled both optimism among shareholders and criticism over widening income inequality. Tesla’s earnings report later this month will be closely watched to gauge whether the sales boost translates into stronger profits.
