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Tesla sales bounced in the third trimester. Don’t expect it to last

Tesla sales have reached a record In the third quarter while American buyers rushed to buy their cars before a federal tax credit of $ 7,500 expired on September 30.

The company sold a record of 497,099 vehicles worldwide from July to September, a count just ahead of the record of the company established in the last three months of 2024. It is also In addition to 29% compared to the 384,122 sold in the second quarter and up 7% compared to the third quarter of 2024. It is also the first quarter of this year that Tesla posted a sales gain from one year to the next.

But the gains may not last. The EV buyers tax credit, adopted by the Biden administration in 2022, was eliminated as part of the major expenditure and taxes of President Donald Trump. Experts say that sales that took place before their expiration will probably depress sales in the coming months. And even with the tip of the third quarter, Tesla sales at the beginning of the year are down 6% compared to the same period in 2024.

The report has always helped briefly Lift Tesla (TSLA) shares around 2% at the start of negotiations Thursday, which approaches its record reached in December. This increased the net value of the CEO Elon Musk to $ 500.8 billion, according to the real-time billionaire tracker of Forbes, the first person to exceed the half-milliards of dollars.

Tesla only brings in global sales figures and society does not withdraw sales by region. But other car manufacturers have reported an increase in American sales of electric vehicles during the third quarter before the end of a tax credit for electric vehicle buyers. The US EV sales of General Motors have more than doubled and Ford said that its American sales EV increased by 30%. Both are recordings in the segment.

Despite the quarterly boost, this year’s recording data show that Tesla continues to lose market share in the face of EV offers from other car manufacturers around the world.

Part of the decline was a musk, whose political activities have triggered demonstrations and criticism in the United States and Europe. But it is also faced with greater competition, in particular by Chinese car manufacturers, gaining significant shares in Europe as well as their own domestic market.

Chinese car manufacturer BYD said that sales of passenger cars EV increased by 31% during the quarter compared to a year ago, even if it does not sell cars in America and has therefore not benefited from the purchase frenzy due to the American tax credit.

Even without any American sale, Byd is about to exceed Tesla as the largest manufacturer of electric vehicles in the world. Until now, byd sales are 1.6 million EV passenger cars in the world, compared to Tesla sales of 1.2 million cars.

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