Shares of the Austin, Texas-based company were up 3.1 per cent in premarket trading after the Elon Musk-led automaker posted a record quarter for deliveries. The company said it delivered 497,099 vehicles in the third quarter, up 7.4 per cent from 462,890 a year earlier. Analysts, however, are expecting a sales slump in the October-December period following the unusual sales boost in the latest quarter. Full-year 2025 deliveries are projected to be around 1.61 million, roughly 10 per cent below 2024, according to Visible Alpha. The plan would grant Musk, already the world’s richest person, about 12 per cent of Tesla in 12 tranches tied to operational and market valuation milestones.