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Tesla reported third-quarter deliveries that topped the highest analyst estimate, but the stock pulled back.
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Tesla Stock Drops Despite Record Quarterly Deliveries. What Drove the Big Beat. Barron'sTesla reports blowout Q3 deliveries as buyers plow in before federal tax credit expires Yahoo FinanceTesla deliveries rise 7% before EV tax credits expire CNBCTesla sales hit a record in the third quarter, pushing Musk's wealth past half a trillion CNN
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EV sales during the third quarter are expected to be a record, ahead of federal incentives of up to $7,500 ending in September.
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A $7,500 tax credit is available for the lease or purchase of many electric vehicles — but only if contracts are inked by midnight on Sept. 30. The result: The market for EVs is a little distorted.
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