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flag Tesla’s Q3 vehicle sales rose 7% to 497,099 units, boosted by last-minute demand before the $7,500 federal EV tax credit expired.

flag Tesla reported a 7% surge in third-quarter vehicle sales, reaching 497,099 units, defying expectations of a decline, likely due to a rush by consumers to claim the $7,500 federal electric vehicle tax credit before it expired on September 30. flag This marks a turnaround after two consecutive quarters of falling sales, which followed a period of declining consumer sentiment linked to CEO Elon Musk’s public political activities and associated protests at some dealerships. flag Despite ongoing challenges, the results indicate a temporary rebound in demand driven by the expiring incentive.

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