Elon Musk's Tesla Urges Buyers To Lock In Orders Before September 30 $7,500 EV Credit Cutoff - Tesla (NASDAQ:TSLA)

Group 1 - Tesla Inc. has encouraged customers to finalize their purchases before the September 30 deadline to secure the $7,500 Federal EV credit, with Q3 deliveries expected to surpass analyst estimates [1][2] - The IRS has updated the terms for the Federal EV Credit, allowing customers to qualify for the credit even if they take delivery after the deadline, provided they make a nominal payment by September 30 [3] - Tesla has aligned its terms with the IRS updates, stating that only cash purchases can avail the IRA Credit if delivery occurs after September 30, while leases must be completed by the deadline [4] Group 2 - California Governor Gavin Newsom announced that the state will not implement the proposed bespoke EV incentives after the Federal EV Credit deadline, shifting focus to enhancing charging infrastructure [5] - Tesla is performing well in Momentum and Growth metrics, with satisfactory Quality but poor Value, and shows a favorable price trend in the Short, Medium, and Long term [6]