Tesla Reverses Course, Posts Sales Surge After Two Quarters of Decline

Tesla’s sales slump has finally reversed. After two consecutive quarters of decline, the electric vehicle giant has bounced back in the third quarter of 2024, producing 469,796 vehicles—marking a 9.1% rise over the same period last year. Deliveries also saw a healthy bump, with 462,890 vehicles reaching customers, reflecting a 6.3% increase from Q2 2023.

This rebound couldn’t have come at a better time for Tesla, which has been navigating supply chain constraints and competitive pressure. The company’s return to growth sends a clear message: Tesla is still a driving force in the electric vehicle space, even amid market volatility. The production uptick suggests that Tesla’s manufacturing capabilities are back on track, setting the stage for what could be a promising end to 2024.