The German luxury carmaker has been hit by US import duties and growing competition in China
Elon Musk’s Tesla overtook Mercedes-Benz in global sales in the third quarter of 2025, according to the two companies’ quarterly sales reports. Musk drew attention to the milestone by sharing a post on X on Tuesday highlighting that his company had beaten the German luxury carmaker for the first time ever.
Tesla sold a record 497,099 vehicles globally between July and September, slightly surpassing the previous record set in the final quarter of 2024, according to their quarterly report. The figure represents a 29% jump from the 384,122 units sold in…
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