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Tesla Q3 Deliveries Exceed Estimates but Fail to Rally Wall Street Amid EV Tax Credit Expiry
Tesla Q3 Deliveries Exceed Estimates but Fail to Rally Wall Street Amid EV Tax Credit Expiry
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BTCCSquare news:
Tesla's third-quarter deliveries surged to 497,100 units, surpassing Wall Street's forecast of 447,600 and marking a 7% year-over-year increase. This rebound contrasts sharply with the 12% decline reported in the first half of 2025. Yet, the stock dipped post-announcement as analysts attributed the spike to the expiration of the $7,500 EV tax credit on September 30.
Gene Munster of Deepwater Asset Management noted a 35% surge in U.S. sales, driven by a last-minute consumer rush. "Investors should largely disregard this anomaly," he cautioned, signaling skepticism about sustainable momentum. The market's tepid response underscores broader concerns over demand sustainability post-incentives.
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