"On 10/2, TSLA pre-announced that it delivered 497,099 vehicles in 3Q25 (its highest quarterly delivery in company history), significantly above Company consensus of 443,079, and above 384,122 in 2Q25. This was due primarily to a 'push forward effect' from consumers who rushed to purchase or lease EVs ahead of the $7,500 EV tax credit expiring on 9/30, the firm wrote in its note."
"Cantor Fitzgerald also highlighted that while Tesla's full-year production and deliveries would likely fall short of 2024's 1.8 million total, Tesla's energy storage business remains a bright spot in the company's results. "Tesla also announced that it had deployed 12.5 GWh of energy storage products in 3Q25, its highest in company history vs. our estimate/Visible Alpha consensus of 11.5/10.9 GWh (and vs. ~6.9 GWh in 3Q24). Tesla's Energy Storage has now deployed more products YTD than all of last year, which is encouragin"
Cantor Fitzgerald reiterated an Overweight rating and a $355 price target on Tesla after Q3 2025 deliveries hit a company-record 497,099 vehicles, well above analyst expectations. The firm attributed the surge to a 'push forward effect' as consumers rushed to buy or lease EVs before the $7,500 federal tax credit expired on September 30. Cantor Fitzgerald expects full-year production and deliveries to fall short of 2024's 1.8 million total. Tesla's energy storage business showed strong growth, deploying 12.5 GWh in Q3 and exceeding prior-year totals year-to-date.
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