Part 4/12:
On the core business front, Tesla’s vehicle deliveries surpassed expectations, with nearly 497,000 units delivered in Q3. A notable factor was the expiration of the federal tax credit in the U.S., which initially raised concerns about a demand slowdown. Ironically, this expiration actually spurred sales, as buyers accelerated purchases before the tax subsidies disappeared. This demand pull-forward resulted in a surprisingly strong quarter, giving analysts and investors reason to be optimistic.