Deliveries of 497,099 vehicles in Q3 exceeds estimates
Tesla CEO Elon Musk speaks to the media during a press conference in Hong Kong. Photo: Getty
Tesla’s third-quarter deliveries trounced Wall Street estimates yesterday, powered by an unusual sales boost from American EV buyers rushing to lock in popular tax credits before their expiry at the end of September.
The Elon-Musk-led firm had talked up the expiry, using it alongside discounts and financing deals to spur sales and leases of its EVs. However, worries over cooling sales in the upcoming quarters due to the withdrawal of the $7,500 (€64,000) federal tax credit weighed on the company’s shares, which fell nearly 1pc in early trading.
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