Tesla Inc. (NASDAQ: TSLA) does not plan to cut its profit margins due to the end of the $7,500 federal electric vehicle (EV) tax credit.
It's suddenly more expensive to drive off in a Tesla Inc (NASDAQ:TSLA). The company has raised lease rates across its US line-up after federal tax credits for electric vehicles expired at the end of September.
Tesla is set to report its strongest quarter of the year on Thursday thanks to a U.S. rush to secure a $7,500 EV tax credit that expired earlier this week, but analysts expect the boost to be short-lived and European weakness to persist.
Tesla's sales rose in France and Denmark last month for the first time this year, local industry data showed on Wednesday, with the U.S. electric car maker's revamped Model Y coming in as the best-selling model in Denmark.
Tesla has raised lease prices for all its vehicles in the U.S. after a $7,500 tax credit that boosted EV sales expired, according to its website on Wednesday.
Registrations of new Tesla cars in Denmark rose by 20.45% in September from a year earlier, to 2,232 vehicles, data from Mobility Denmark showed on Wednesday.
Tesla should report quarterly deliveries this week that show a positive break in trend, Canaccord says.
Tesla stock has been on a surge this month and Canaccord analyst George Gianarikas think there's potential for it to go further.
Shares of electric vehicle (EV) giant Tesla Inc. NASDAQ: TSLA closed last week at $440, marking the stock's highest finish of 2025 so far. It capped off a remarkable run of more than 100% since April's lows and nearly 30% in the past two weeks alone.
A mere handful of months ago, Tesla ( TSLA ) shares looked doomed, and it felt as if the bears may have finally gotten their long-awaited moment. Tesla CEO Elon Musk made his foray into politics by spending more than a quarter of a billion dollars to support Donald Trump and the Republicans in 2024.
Tesla (TSLA 3.94%) shares fell more than 4% last Thursday as investors digested disappointing Tesla vehicle registration data in Europe ahead of the company's third-quarter deliveries update expected in early October. The electric vehicle maker sells premium battery-electric cars and energy storage products globally, with meaningful exposure to the European market.
Tesla (NASDAQ: TSLA) is trading at $424.67 as of Friday morning, up 21.5% year-to-date. The stock has staged a strong rebound since early June, when a public spat between Elon Musk and President Donald Trump sent shares tumbling to $285.