Tesla sustains its EV sales momentum despite US troubles
Tesla reported strong third-quarter delivery numbers, exceeding Wall Street expectations despite a significant decline in U.S. sales. The company is offsetting domestic struggles by expanding its market presence in Europe and China.
Why it matters
Tesla's ability to maintain global growth despite domestic political and commercial headwinds highlights the shifting landscape of the EV market.
Tesla sold more than 480,000 EVs in the third quarter, as the company continues finding ways to move new cars despite its troubles in the U.S. market.
It was the second strong quarter in a row for Tesla after a somewhat rough start to the year. The sales figure easily beat out consensus estimates from Wall Street and topped even the most optimistic view for the company, which made its 10 millionth vehicle earlier this year .
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