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Is Tesla’s Q3 2024 performance enough for a ‘comeback’?

While its future success hinges on big promises, modest sales growth and regulatory credits are currently buoying up Tesla. By Stewart Burnett

Following two consecutive quarters of sales decline, Tesla has defied Wall Street expectations and staged a comeback in Q3 2024. Releasing its results late on 23 October 2024, the pure electric vehicle (EV) brand reported a rebound in sales: 462,890 vehicles between July and September—a 6.4% rise on the same period a year prior, and the first quarterly increase of 2024 to date.

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