Tesla sales hit a record 497,099 vehicles in Q3 as buyers rushed before the U.S. tax credit expired according to reports. Despite the surge, experts warn the gains may not last amid rising competition.
Tesla’s third-quarter global sales jumped 29% from the previous quarter and 7% year-over-year, marking the first year-over-year gain in 2025. The spike came as American buyers raced to secure a $7,500 federal EV (electric vehicles) tax credit before it expired on 30 September.
CEO Elon Musk briefly saw his net worth top $500 billion, making him the first person to surpass the half-trillion-dollar mark, though shares later dipped, reducing his net worth to $490 billion.
Tesla does not break down regional sales, but other automakers also reported record U.S. EV sales in Q3. GM more than doubled its EV sales, Ford saw a 30% rise, and Hyundai’s sales doubled, though it cut prices on its IONIQ 5 EV model. Analysts expect further price adjustments as competition grows.
Despite the quarterly boost, Tesla’s year-to-date sales are down 6% from 2024, and the company faces mounting competition globally. Chinese automaker BYD’s EV passenger car sales rose 31% in Q3, giving it a total of 1.6 million units this year, surpassing Tesla’s 1.2 million. BYD is positioned to become the world’s largest EV maker, even without U.S. sales.
Experts say Tesla’s challenges come from political backlash against Musk, growing Chinese competition in Europe, and an increasingly crowded EV market.
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Russian President Vladimir Putin and Israeli Prime Minister Benjamin Netanyahu held a phone conversation on Saturday to discuss the situation in Gaza ...
Iraq’s election commission said on Saturday that objections to the parliamentary election results will not affect the preliminary outcomes....
Wall Street closed sharply lower on Thursday, dragged down by steep losses in Nvidia, Tesla, and other artificial-intelligence heavyweights, as investors dialed back expectations for further Federal Reserve interest-rate cuts amid renewed inflation concerns and mixed signals from policymakers.
Tesla CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the electric vehicle (EV) maker into an artificial intelligence (AI) and robotics juggernaut.
Tesla has told the Delaware Supreme Court that Elon Musk’s $56 billion pay package should have been restored last year through a shareholder vote, as the company appeals a lower court ruling that rescinded the CEO’s record compensation.
Elon Musk has become the first person in history to amass a net worth close to $500 billion, driven by rising Tesla shares and soaring valuations of his other ventures.
Britain’s King Charles III marks his 77th birthday. Unlike his predecessors, King Charles treats his actual birthday, on 14 November, as his main moment of reflection. This year, King Charles visited Wales—a decision that coincides with the overall spirit of his first three years on the throne.
The Azerbaijan embassy in Kyiv was damaged by debris from an Iskander missile during Russia’s overnight attack, which killed four people and injured dozens, President Volodymyr Zelenskyy said on Friday.
Storm Claudia, which brought violent weather to Portugal, has resulted in the deaths of three people and left dozens injured, authorities reported on Saturday. Meanwhile, in Britain, rescue teams were organising evacuations due to heavy flooding in Wales and England.
Iran has strongly rejected as “unfounded and irresponsible” a joint statement by the foreign ministers of the Group of Seven (G7) about Tehran’s nuclear program and its alleged support of Russia in the war with Ukraine.
Japan urged China on Saturday to take "appropriate measures" after Beijing issued a warning to its citizens against travelling to Japan, amid an ongoing dispute over Taiwan.
A federal jury in California ruled on Friday that Apple must pay $634 million to Masimo, a medical-monitoring technology company, for infringing a patent related to blood-oxygen reading technology.
Wall Street closed sharply lower on Thursday, dragged down by steep losses in Nvidia, Tesla, and other artificial-intelligence heavyweights, as investors dialed back expectations for further Federal Reserve interest-rate cuts amid renewed inflation concerns and mixed signals from policymakers.
Russia’s budget deficit reached 4.2 trillion rubles (around $51.9 billion) in the first ten months of 2025, driven by rising government spending, according to data from the Finance Ministry released on Tuesday.
Wall Street climbed sharply on Monday, with Nvidia up 5.8% and Palantir 8.8%, as artificial intelligence (AI) stocks rebound and progress in Congress raises hopes of ending the U.S. government shutdown.
Visa and Mastercard announce a $38 billion settlement with merchants over high swipe fees, including fee reductions, surcharges options, and eight-year caps on standard consumer cards, resolving a 20-year antitrust battle.
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