"The electrical vehicle maker run by Musk reported Thursday that car sales jumped 7% in the three months through September after plunging for most of the year as people turned off by his embrace of President Donald Trump and far right politicians in Europe balked at buying his cars. But the jump comes with a significant caveat: Tesla benefited from consumers taking advantage of a $7,500 tax credit before it expired on Sept. 30, a surge in buying that helped all EV makers."
"Tesla stock rose sharply on the sales news, but then fell into losses as financial analysts expressed skepticism about whether the new number signals a true turnaround, given all the anti-Musk backlash. "I don't think most people are any more enamored with Elon now than they were a few months ago," said Telemetry Insight's Sam Abuelsamid. "I expect this is more a blip for Tesla than the restart of growth.""
"Investors cheered Musk's decision in April to leave Washington for Austin, Texas, where Tesla is headquartered. But he is still heavily involved in political and social wars, alienating potential car buyers. On Wednesday, he posted on X that he was canceling his Netflix subscription because of critical comments made by an employee of the streaming services company, which appeared to spark a wave of cancellations"
Tesla reported a 7% increase in vehicle sales for the three months through September after earlier declines. The rise was driven largely by consumers claiming a $7,500 tax credit before it expired on Sept. 30, a surge that helped many electric-vehicle makers. Rivian, for example, posted a 32% sales increase. Tesla's sales hit 497,099 vehicles versus 462,890 a year earlier, beating expectations of about 456,000. Tesla stock initially rose but later fell as analysts voiced skepticism about persistent demand. Continued political and social activity by Elon Musk has alienated some potential buyers and spurred consumer reactions.
Read at Fast Company
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