Updated

Tesla reported stronger-than-expected third-quarter vehicle deliveries, marking its best three-month sales period of the year, which sent shares surging. Despite the quarterly strength, the sales total was still below year-ago levels, underscoring ongoing pressure on EV demand growth even as Tesla outperformed analyst forecasts. The results offered some relief to investors concerned about slowing EV adoption and intensifying competition, though the year-over-year decline signals that Tesla's growth trajectory has moderated compared to prior years.