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Tesla has reached a significant milestone in the third quarter by delivering a record 497,099 vehicles globally. This impressive surge in deliveries was largely influenced by the end of the US federal electric vehicle (EV) tax credit, which encouraged buyers to accelerate their purchasing decisions.
The company maintained high production rates, enabling it to efficiently meet increasing demand. In addition to automotive achievements, Tesla also reported record sales in its energy products division.
Despite this overall success, Tesla faced a decline in sales in Europe during the same period. Nonetheless, investors remain optimistic, bolstered by Tesla’s advancements in:
- Artificial intelligence
- Robotics
- Upcoming robotaxi services
Looking ahead, Tesla will release its full Q3 earnings report on October 22. This report is expected to provide deeper insights into the company’s performance and strategic growth plans.
Overall, Tesla’s third-quarter results highlight its strong standing in the EV market, particularly within the United States.
Stay tuned to Questiqa USA for more updates.
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