Tesla shocks Wall Street with nearly 500K deliveries as buyers rushed to lock in tax credit

Business

Tesla’s third-quarter deliveries trounced Wall Street estimates on Thursday, powered by an unusual sales boost from US EV buyers rushing to lock in popular tax credits before their expiration at the end of September. The Elon-Musk-led carmaker had frequently talked up the expiration, 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 federal tax credit weighed on

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