Tesla Earnings: Tax Credit Cliff, BYD Threat, Robot Future

Tesla's Q3 earnings are predicted to be strong at $1.9B, fueled by nearly 500K car sales, but a drop from last year signals trouble ahead. The expiration of a $7,500 EV tax credit threatens Q4 sales, while the loss of regulatory credit revenue adds to the pressure. Surging competition from Chinese giant BYD, coupled with backlash over Elon Musk's comments, further complicates Tesla's outlook. Investors are now focused on Tesla's robotaxi progress and Musk's proposed $1T pay package, seeking clues about the company's future beyond cars.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.