Motor Intelligence data published on Wednesday estimates that EV maker Tesla sold 58,750 vehicles in its domestic market last month.
The figures mark a 5.9% increase from the previous month and a 4.8% rise from a year earlier.
Since July, the Elon Musk–led company has set new monthly registration records, with September now marking the highest figures so far this year.
Up until September 30, customers could take advantage of the $7,500 tax credit when either buying or leasing an electric vehicle, which could be combined with several incentives by the brand.
With a surge in EV demand given the end of the consumer credit, Tesla is estimated to have sold 168,066 vehicles in the US in the third quarter — posting its first quarterly growth year over year.
US sales for the July-September period rose by 3.6% from a year ago, and 22.1% from the previous quarter.
According to Motor Intelligence sales estimates, this quarter’s sales were also higher than any other quarter in 2024.
On the latest earnings call in late July, CEO Elon Musk warned of “rough quarters” ahead, with growing concerns over weak demand and the delayed production of the affordable model.
By then, CFO Vaibhav Taneja said that, as the $7,500 EV tax credit is about to end, the company has “rolled out all our planned incentives already and will start pairing them back as we start to sell.”
In August, the company introduced new incentives for US customers purchasing the Cybertruck, Model S, or Model X, as the company’s overall discount offerings in the country reach a new record high.
Cybertruck purchases benefitted from a 2.49% APR without including the Full Self-Driving (Supervised), which would add $8,000 to the price.
However, if purchasing the model with the FSD included and by taking delivery of the new model by September 30, the rate drops to 0%.
A few weeks later, the company introduced the ‘Luxe Package’ for its flagship Model S and Model X, and later extended it to the Cybertruck. The package now comes standard with each vehicle.
It includes the Full Self Driving (FSD) software, free lifetime Supercharging and free Premium Connectivity, which offers satellite-view maps, music streaming, among other features.
The revamped Model S started at $84,990 with the Plaid version beginning at $99,990, while the Model X was priced from $89,990 for the All-Wheel-Drive, while the Plaid version begins at $104,990.
All trims had their prices raised by $10,000—15,000 with the new package.
Its lineup in the US also includes the Model Y SUV and the Model 3 sedan.
Tesla‘s Model 3, which was revamped in late 2023, is priced from $42,490 in the United States, and prices from the recently refreshed Model Y SUV start at $44,990.
A few hours before the end of September, the company also launched the Model Y Performance in the US, which had been first released in Europe.
Last month, Tesla’s Board of Directors proposed a new compensation package for CEO Elon Musk, linking his pay to ambitious targets for the company’s valuation, robotics advancements, and autonomous driving development.
According to Canaccord analyst George Gianarikas, “we are at a phase in Tesla‘s growth cycle where it must go through a period of creative destruction to achieve those goals.”
Gianarikas said that “humanoids aside, the more success Tesla has in robotaxi, the fewer vehicles they will sell.”
The company is expanding its robotaxi service in the US, which was first launched in late June in Austin.
Tesla received permits to test it in Arizona and Nevada, following the launch of its ride-hailing service in the Bay Area.
A couple of weeks after hinting that Version 14 of the FSD was scheduled to be deployed “by the end of the year,” Musk said last week that it will be rolled out in the first days of October.
Speaking at the ‘All-In Summit’ in September, the CEO reaffirmed that “Version 14 will be the biggest upgrade in Tesla software since version 12,” as the EV maker is “increasing the parameter count by an order of magnitude.”
