Tesla(US:TSLA) Benzinga·2025-10-03 08:16Core Viewpoint - The electric vehicle (EV) sector can continue to grow without subsidies, as evidenced by the market's performance in Europe after subsidies were withdrawn [1][2][3][4]. Group 1: Market Growth and Trends - Jon McNeill, former President of Global Sales and Service at Tesla, believes that the U.S. is lagging behind Europe in EV technology [2]. - Despite the withdrawal of subsidies in European markets like France and Germany, the EV market continued to grow, with manufacturers providing a wider range of models [3]. - Currently, there are 65 different EV models available in the U.S., and one in four vehicles sold is electrified, including hybrids [3]. Group 2: Demand and Sales Performance - Tesla reported strong Q3 results with 497,000 units delivered, indicating a demand pull forward due to the end of the Federal EV Credit [5]. - Despite strong delivery numbers, Tesla's sales in Italy fell by over 25% in September, highlighting potential challenges in maintaining sales momentum [10]. Group 3: Industry Responses and Incentives - GM and Ford are considering extending the Federal EV Credit through their financing arms, with reports of down payments made to dealers to qualify for the credit [7]. - Ford's CEO, Jim Farley, praised the relaxation of emissions standards by the Trump administration, viewing it as beneficial for the company [8]. - California plans to roll back bespoke EV incentives following the halt of the Federal EV Credit, which may impact local sales [9].