By Akash Sriram and Abhirup Roy (Reuters) -Rivian Automotive surpassed third-quarter revenue expectations on Tuesday, fueled by strong deliveries as U.S. consumers rushed to grab a federal tax incentive on electric vehicle purchases before its expiry. Shares of the Irvine, California-based company rose more than 4% after the bell. The company said last month it…
Tesla (TSLA) reported blowout third quarter global deliveries, as the expiration of the $7,500 federal tax credit in the US likely juiced sales. Tesla said Q3 deliveries came in at 497,099, easily topping Bloomberg consensus estimates of around 439,800 and the 462,890 units delivered a year ago. Tesla said Q3’s total was a new quarterly…
Sales of electric vehicles in the United States are almost certain to tumble when the $7,500 federal tax credit for EV buyers expires on Oct. 1, leaving automakers and car buyers wondering where prices will go.The tax credit, which was passed in 2022 as part of the Biden administration’s legislative push to support EVs and…