Tesla Shanghai factory reports 2.8% YoY growth in September deliveries, surpasses expectations.

Tesla's Shanghai factory delivered 90,812 vehicles in September, a 2.8% YoY increase, ending a two-month decline. This brought China-made electric vehicle deliveries to 241,890 units in Q3, the fourth highest in Tesla's history. Globally, Tesla's vehicle deliveries reached 497,099 units, a 7.4% increase compared to last year, surpassing expectations.

Tesla's Shanghai factory delivered 90,812 vehicles in September, marking a 2.8% year-over-year (YoY) increase after a two-month decline. This brought China-made electric vehicle (EV) deliveries to 241,890 units in the third quarter (Q3), the fourth highest in Tesla's history Tesla to launch ultra-long range Model Y thanks to new battery^[1]. Globally, Tesla's vehicle deliveries reached 497,099 units, a 7.4% increase compared to last year, surpassing expectations Tesla’s October Surprise: Stock Soars on Record Sales, ‘Secret’ Model Y Reveal & Musk’s Next Move^[2].

The strong performance in Q3 was driven by a significant surge in sales, primarily fueled by the U.S. EV tax credit expiration on September 30. Tesla leveraged discounts, special financing, and social media ads to maximize deliveries before the deadline. This strategy resulted in a huge end-of-quarter push, with the company selling more cars than it produced during the quarter Tesla’s October Surprise: Stock Soars on Record Sales, ‘Secret’ Model Y Reveal & Musk’s Next Move^[2].

Tesla's stock price has seen significant volatility in early October, with shares jumping over 5% on October 6, 2025, to around $453 per share. As of October 7, the stock is hovering in the mid-$450s, up nearly 8% over the past two weeks despite some volatility Tesla’s October Surprise: Stock Soars on Record Sales, ‘Secret’ Model Y Reveal & Musk’s Next Move^[2]. Year-to-date, Tesla shares have gained about 12% (versus ~17% for the S&P 500), and the company's market cap is roughly $1.5 trillion Tesla’s October Surprise: Stock Soars on Record Sales, ‘Secret’ Model Y Reveal & Musk’s Next Move^[2].

Investors are anticipating a major announcement by Tesla on October 7, 2025, which has sparked speculation about a new affordable model variant aimed at reigniting demand Tesla’s October Surprise: Stock Soars on Record Sales, ‘Secret’ Model Y Reveal & Musk’s Next Move^[2]. This event is viewed as a pivot to affordability, coming just days after key U.S. EV incentives lapsed.

The market sentiment around Tesla is mixed, with big-name bulls like Morgan Stanley, Wedbush, and Piper Sandler reiterating overweight/buy ratings, citing Tesla's momentum in deliveries and technology. However, roughly half of Wall Street analysts rate Tesla a Hold or Sell, pointing to its stretched valuation Tesla’s October Surprise: Stock Soars on Record Sales, ‘Secret’ Model Y Reveal & Musk’s Next Move^[2].

Tesla's board has proposed a massive new pay package for CEO Elon Musk, potentially worth up to $1 trillion in stock grants if ultra-ambitious goals are met. This plan is meant to keep Musk focused on Tesla as he also runs SpaceX and X (Twitter) Tesla’s October Surprise: Stock Soars on Record Sales, ‘Secret’ Model Y Reveal & Musk’s Next Move^[2].