Tesla reports record sales increase for third quarter as EV subsidies expire

Published



Tesla beat a new record with a 7% sales increase in the third quarter, the automaker reported on Thursday after the $7,500 tax credit for new electric vehicles expired on Sept. 30.

The quarterly sales results were likely affected by customers who wanted to buy EVs ahead of the expiration date for the federal subsidies.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.