11:22 AM EDT, 10/03/2025 (MT Newswires) -- Tesla (TSLA) has retained its leadership position in US electric vehicle sales this year, while General Motors ( GM ) has made big gains, as consumers rushed to buy the vehicles before federal incentives expired, driving record domestic sales, CNBC reported Friday, citing data from Motor Intelligence.

The data shows US consumers bought over 1 million EVs through the first nine months of the year, with sales setting a new quarterly record of over 438,000 units in Q3, according to the report.

Tesla is estimated to hold a 43.1% market share through September, down from 49% at the end of 2024 but still the top spot. General Motors' ( GM ) market share has grown to 13.8% through Q3 from 8.7% at the start of the year, the report added, citing Motor Intelligence.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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