📰 News Alert...

🔖 Title: Tesla Urges US Buyers to Act Fast as EV Tax Credit Ends and Vehicle Supply Tightens  
🗓️ Published: 2025-07-24T10:00:00.000Z  
📄 Summary: Tesla CFO Vaibhav Taneja has advised potential US customers to place orders promptly due to limited vehicle availability this quarter, amid the upcoming expiration of the $7,500 electric vehicle tax credit under the new tax law. The legislation, known as Trump's Big Beautiful Bill, ends the tax credit by September 30, a move expected to influence Tesla’s US sales and benefit smaller competitors like Lucid and Rivian. Tesla reported a revenue dip to $22.5 billion and a 40-cent earnings per share, slightly missing Wall Street estimates. Additionally, tariffs have increased costs by approximately $300 million this quarter. Following the earnings report, Tesla’s stock dropped more than 4%, continuing its downward trend this year. CEO Elon Musk described the company as being in a “weird transition period” navigating regulatory changes and incentive expirations.

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https://www.businessinsider.com/tesla-americans-buy-cars-now-cfo-trump-tax-ev-credit-2025-7

🗞️ Source: Business Insider  
💓 #ElectricVehicles #TeslaUpdate #TaxCreditEnd