Hyperdrive
Tesla Poised for Delivery Record Despite Demand Concerns
- Analysts estimate fourth-quarter deliveries of about 421,000
- Carmaker offered $7,500 discount to US customers near year end
Tesla is the world’s dominant seller of electric vehicles.
Photographer: Toru Hanai/BloombergThis article is for subscribers only.
Tesla Inc. is expected to announce record quarterly deliveries in early January but that may not be enough to satisfy investors as the electric-vehicle leader grapples with inflation, rising interest rates, crimped production in China and concerns about softening demand.
In an effort to clear inventory, Tesla offered a rare $7,500 discount to US customers who took delivery of a new Model 3 or Model Y at the end of the year, along with 10,000 miles of free Supercharging. The Inflation Reduction Act, or IRA, will restore up to $7,500 in federal tax credits for certain EVs starting Jan. 1.