Overview
Tesla shares fell after the automaker posted a record quarter of vehicle sales that will be difficult to replicate now that federal electric-car subsidies have expired.
The company delivered 497,099 vehicles worldwide in the most recent quarter, 7.4 per cent more than a year ago. Although the total far exceeds the roughly 439,600 average analyst estimate compiled by Bloomberg, Tesla’s shares slumped 5.1 per cent on Thursday (Friday AEST) following a record monthly gain in market capitalisation.
Source: https://www.afr.com/companies/transport/tesla-sales-surge-to-record-on-rush-to-snag-us-tax-credit-20251003-p5mzqg