"Tesla, which has seen sales growth diminish, just registered its best quarter of deliveries ever at 497,099 vehicles. That's a massive 29% jump from the second quarter, about a 7% increase over the same period last year, and more than it has ever delivered in a single quarter. Ford Motor, General Motors, and Hyundai also reported record quarterly sales of EVs. Rivian saw deliveries jump to 13,201 vehicles, up from 10,661 and 8,640 in the second and first quarters, respectively."
"The Department of Energy canceled 321 clean energy projects but wasn't sharing the details with TechCrunch or the public. Luckily, a little bird shared the complete list of awards the Trump administration had canceled, and the results were revealing. Altogether, the canceled awards totaled $7.56 billion, with California bearing the brunt, losing $2.2 billion worth of grants, including a $630 million grid-modernization program that could have become a template for the nation."
EV purchases increased ahead of the $7,500 federal tax credit expiration as consumers raced to buy before the deadline, boosting several automakers' quarterly results. Tesla posted a record 497,099 deliveries, a 29% jump from Q2 and about 7% year-over-year. Ford, General Motors, and Hyundai also logged record EV sales, and Rivian deliveries rose to 13,201, though Rivian has trimmed 2025 guidance. Automakers now face the challenge of clearing incoming 2026-model inventory without hurting profit margins. The Department of Energy canceled 321 clean energy grants totaling $7.56 billion, with California losing $2.2 billion.
Read at TechCrunch
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