During an approximate week for electric car makers in the United States, Timing Investors got at least one piece of good news on Thursday. The EV manufacturer reported a clear sales increase – numbers of Wall Street, and Wall Street, and the comfort of the late delivery operations that Tesla informed during the last two.
While analysts expected Tesla to sell about 450,000 volts over the three months ending in September, Betla ended up providing more than 497,000 – 100,000 more than the previous quarter, and an increase of 7.5 % over this time last year. Dan Evs, one of the most reputable bulls in Tesla, set out to observe a solution in the same morning, describing the numbers as “bounced” to Tasla – a transformation of a company that was beaten during the first half of this year in many major markets that CEO Elon Musk tried in a short period of chaos in chaos.
The main question is this: Will it continue?
After all, the short -term sales in Tesla were closely related to the challenge that waves on the long term. Investors and analysts pointed out that one of the main reasons for strong sales numbers in Tesla was the temporary rush of consumers who buy EV directly before the tax credit of 7500 dollars. This incentive – which officially ended on Tuesday – was in its place for 17 years and helped narrow the gap between the electric vehicles and gas for the American buyers. Tesla advanced on Wednesday and Cost -increasing Her car rental, as its first step reflects the change.
With the lack of tax credits, the change is expected to affect the consumer request – at least in the short term.
Tesla is good knowledge of this. The risk disclosure added in its latest quarterly files about the potential impact of the loss of consumer incentive in addition to another sales enhancement that does not exist now, and carbon displacement incentives for manufacturers. The EV manufacturer admitted that it can be harmed by the request from Tesla customers and the future financial returns of the company.
Musk also saw the topic. “Yes, we may have a few difficult circles,” he said in July in July in July in July, in July, in July, he said in July in July in July, in July, in July, in July, he said, in response to the analyst’s question. “I don’t say that we will do, but we can. Q4, Q1, perhaps Q2”
Andrew Rocco, a Zacks Investment Research strategy, said in an interview that he expects a decrease in sales to the following forty or so.
But the long -term effect may be in principle on several other factors: whether Tesla can absorb some lost credit in order to maintain prices; Whether it can continue to restore its share in the market in markets such as Europe and China, where it has suffered its reputation during the past eight months; And whether the EV manufacturer can present the time tables offered for a more applicable Y.
“If they can come out with this cheaper model Y … this will be a great incentive to help them compensate for the sunset on tax credit,” says Rocco.
The last time it is around it
It is worth doing a quick lesson for date when considering how Tesla responds to canceling tax credit of $ 7500. After all, this is not the first time you should do it.
If you remember, when the incentive was first placed through legislation from the two parties in the late first decade of the twentieth century, there was a maximum: after a vehicle manufacturer sold a total of 200,000 qualified cars, tax credit will be slowly eliminated until it is completely canceled. Each of Tesla and General Motors This threshold ended, and its tax credits decreased to half twice before melting completely. The cover was removed under the 2022 inflation law, allowing Tesla and GM to benefit from it again.
Once again in 2018, Tesla sold 20000 EVS, and became the first EV maker to hit CAP. As a result, in January 2019, Tesla customers reduced their discounts to half to 3,750 dollars. To respond to the change, Tesla has reduced the price of $ 2,000 for the S and the S model xAnd model 3 the next day, absorbs a large part of the lost incentive.
Because of the strong margins of Tesla, Rocco indicated that Tesla can be in a position that is allowed to do the same today if he chooses.
To date, you have not committed Tesla in one way or another. Company He has They are committed to the release of a low -cost Tesla Y model later this year. Musk said that the new car will be “available to everyone” before the end of 2025.
It is rumored that this model costs around $ 39,990 – which will be about $ 5,000 is cheaper than the most currently available models. But there was no fixed declaration of prices. Rocco said it would be “important” to meet Tesla on the deadline in the fourth quarter of Musk.
Cost savings
All EV makers seem to be looking for possible cost savings so far can eventually move to the customer instead of tax credit.
Chris Parman, CEO of Slate Auto, has told the emerging company that plans to start selling its low -cost customer trucks to customers next year, luck In an interview on Tuesday, there is at least one side for a loss Tax credit. Since the company is no longer subject to all suppliers required under the law to reduce inflation to secure customers on tax credit, Slate has more options for batteries that can work with it. “This will give us the opportunity to pass less costs to the consumer in a different way,” said Parman.
However, you do not expect these cost savings to add up to $ 7,500. Although Barman will not provide a specific personality, she confessed, “will be a significant reduction in costs, but it will not compensate for the full amount of credit itself.”
Another thing to consider: there are still incentives at the state level as well, as Barman noted with the possibility of more. A few states, including California, Colorado, Vermont, and Contecticut, are currently providing EV’s tax credit. The states, including Pennsylvania, Minnesota and Tixas, are also looking at its own incentives.
Meanwhile, Tesla hopes to give its imminent capabilities to self -government a feature, even when its cars suddenly become more expensive for customers. Tesla is expected to launch the fourteenth repetition of its “full self” program soon, and has already begun to do this with two chosen effects this week.
“As soon as you reach the autonomy on a large scale in the second half of next year, and certainly by the end of next year, I think – I will be surprised if the economies of Tesla are not very convincing,” Musk said during the Q2 profit call.
Wall Street does not yet seem optimistic. On Thursday, even after Tesla reported its strong sales numbers, the shares decreased by more than 5 %.
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