Tesla, Inc. (TSLA)
Tesla Is Sued by Families Who Say Faulty Cybertruck Doors Led to Two Deaths
A college student was trapped in a burning Cybertruck because electronic doors made it difficult for her to get out or be rescued, a lawsuit claims.
Tesla's Sales Surge Is A Sugar High Powered By Less Musk And Trump's EV Tax Credit Cut
Tesla's third-quarter electric vehicle sales notched a company record, blowing past analyst expectations, as U.S. buyers rushed to get cars before a federal tax credit expired and CEO Elon Musk, who'd harmed the brand with his DOGE role for the Trump Administration, lowered his government profile. But the spike in deliveries looks like to be short lived, as the company remains on track for another annual decline.
Tesla shocks Wall Street with nearly 500K deliveries as buyers rushed to lock in tax credit
However, analysts are worried over cooling sales in the upcoming quarters due to the withdrawal of the $7,500 federal tax credit.
Tesla hails delivery record as US demand boosted by end of EV tax incentives
Tesla Inc (NASDAQ:TSLA) delivered 497,100 vehicles in the third quarter, up 7% compared to a year ago, and well above the average Wall Street forecast of 447,000. Shares in the electric vehicle maker rose initially on Thursday before falling 1% to $454.19, after hitting an eight-month high the day before.
Tesla reports surprise increase in car sales in the third quarter
Tesla reported a surprise increase in sales in the third quarter as the electric car maker likely benefited from a rush by consumers to take advantage of a $7,500 credit before it expired on Sept. 30.
Tesla delivers a big sales beat, and the end of EV tax credits may not be the only reason
Tesla reported third-quarter deliveries that topped the highest analyst estimate, but the stock pulled back.
Tesla Vehicle Deliveries Hit Record Last Quarter
An uptick in quarterly vehicle deliveries follows Wednesday's expiration of a $7,500 federal tax credit for Americans purchasing electric vehicles. EV sales have risen in recent years and at a rate faster than gas-powered cars, increasing by 7% to 1.6 million in 2024, well above the 2% rate for non-electric passenger vehicles, according to the Bureau of Transportation Statistics.
Tesla has its best sales quarter ever as EV tax credit expires
Tesla's sales growth has vanished over the last year-and-a-half, but the company just registered its best quarter of deliveries ever, in large part because buyers rushed to take advantage of the $7,500 federal EV tax credit before it went away.
Tesla reports 497,000 vehicle deliveries for Q3, up %7
Tesla posted third-quarter vehicle deliveries and production numbers. Wall Street analysts were expecting the automaker to report around 447,600 deliveries, according to estimates compiled by FactSet.
Tesla's biggest Chinese rival is feeling the heat in China's car wars
China's top automaker BYD posted its first sales drop in over 18 months. BYD sold 396,270 cars in September, a 5.5% decline from a year earlier.
Elon Musk's Tesla hikes lease prices on all electric cars as US tax credit expires
Sales could drop after the credits dry up, auto executives and analysts have warned.
This Is Why The Bears Are Wrong On Tesla: Rating Downgrade
Tesla, Inc. is a cautious buy at current levels, but a buy nonetheless. This is driven by its robotics, AI, and energy ambitions, despite short-term EV sales weakness and CEO Elon Musk controversies. Tesla faces volatility as the U.S. EV tax credit expires, but its pricing power and brand resilience set it apart from smaller competitors such as Ford and General Motors. Valuation is stretched, but TSLA stock's underperformance versus American and Chinese peers alike could reverse if progress is made on robotaxi and Optimus.
