TSLA is trading at $460.53 (-3.1%) as the expiration of the $7,500 federal EV tax credit has created a "pull-forward" of sales, significantly weakening Q4 delivery expectations.

  • BYD has officially surpassed Tesla as the world's largest BEV manufacturer, projecting over 2.1 million pure electric sales for 2025.
  • Analysts project Q4 deliveries between 405,000-449,000 units, contributing to a 7.7% annual decline in total 2025 vehicle deliveries.
  • Investor concerns are compounded by safety investigations into Model 3 emergency door release controls affecting 179,000 vehicles, with the broader Nasdaq 100 down 1.2% due to Tesla's heavy weighting.