Here's How Major Automakers Reacted To The End of The Federal EV Credit - Tesla (NASDAQ:TSLA)

Core Insights - The end of the Federal EV credit on September 30 has prompted various automakers in the U.S. to respond with extensions of their EV incentives to maintain sales momentum [1] Automaker Responses - Ford Motor Co. and General Motors Co. are extending EV incentives through December by making down payments to dealers, allowing customers to benefit from the credit and potentially lower monthly payments [2] - Stellantis NV is also extending EV incentives, offering cash bonuses on existing dealer inventory, unlike Ford and GM [3] - Hyundai Motor Co. has announced an extension of EV incentives for its Ioniq 5 and has also reduced the vehicle's price [4] - Lucid Group Inc. will extend its EV credit until the end of the year to ensure customers do not miss out on savings [5] No Extensions Offered - Tesla, Rivian, Honda, and Toyota are not extending their EV credits, with Tesla encouraging customers to finalize purchases before the deadline [6][7] Market Outlook - A former Tesla executive believes that EV sales will continue to grow despite the removal of incentives, driven by model availability and affordable options [8] - An investor suggests that traditional automakers may be less incentivized to invest in EVs due to the end of the tax credit, potentially benefiting established EV manufacturers like Tesla [9]