In an exciting update from CWEB Business, Tesla (TSLA) has reported strong sales for the third quarter of 2025. The electric car company delivered 497,099 vehicles worldwide from July to September. This is a 7.4% increase compared to the same time last year.
This positive result surprised many market experts. They had predicted lower sales because of older car models and some public debates about the brand.
Lower-Priced Models Lead the Way
The sales growth was mainly driven by Tesla’s more affordable models. Deliveries for the Model 3 and Model Y jumped 9.4%. These two models were responsible for almost all the cars Tesla sold.
Interestingly, Tesla actually produced fewer cars this quarter. This suggests the company successfully sold cars it had already built, clearing its inventory.
Why Did Sales Increase?
CWEB Business analysts point to a key reason: the end of the federal EV tax credit in the United States. This government discount for buying electric cars expired. This likely encouraged many budget-focused customers to buy a Tesla before they lost the chance to save money.
The growth was not only in the U.S. Strong sales data from important European countries like France, Spain, and Norway showed that Tesla’s popularity is growing around the world.
A Note on Luxury Models
While the cheaper models sold very well, Tesla’s more expensive vehicles, like the Model S, Model X, and Cybertruck, saw a significant drop in sales. This shows that customers currently prefer Tesla’s budget-friendly options.
Elon Musk’s Wealth and Influence
According to CWEB Business reports, Tesla’s success contributes to the immense wealth of its CEO, Elon Musk. He is consistently the richest person in the world.
Recently, his net worth briefly passed the $500 billion mark. To understand this huge number, CWEB analysts compare it to entire companies. For a moment, Musk’s personal wealth was equal to the valuation of OpenAI, an artificial intelligence company he helped start.
He is also wealthier than his own rocket company, SpaceX, which is valued at $400 billion. As Tesla’s value grows, so does Musk’s fortune. CWEB Business News recently reported that Tesla’s board has proposed a new, very large pay package for Musk. If shareholders agree, it could help him become the world’s first trillionaire.
Looking Ahead
CWEB analysts believe that Elon Musk will likely remain the richest person in the world for the foreseeable future. His main competition for the top spot in the years to come will probably be himself.
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