Is Tesla Still a Buy Now That the $7,500 EV Subsidy Is Gone?

Core Insights - Federal subsidies have been crucial for electric vehicle (EV) adoption, with the Inflation Reduction Act providing a $7,500 tax credit to stimulate demand [1] - The recent elimination of the EV tax credit under new legislation may not significantly harm Tesla, as the company exceeded delivery expectations in Q3 [5][6] Group 1: Impact of Policy Changes - The removal of the EV tax credit was enacted as of September 30, which was a significant shift in policy priorities [1] - Despite the elimination of the tax credit, Tesla's Q3 deliveries reached 497,099 units, surpassing Wall Street's expectations of 439,800 to 447,600 units [5] Group 2: Tesla's Broader Vision - Tesla's long-term strategy extends beyond electric vehicles, focusing on artificial intelligence, robotics, and autonomous systems [7] - The Optimus humanoid robot project is a key part of Tesla's vision, with potential to significantly enhance productivity and represent a large portion of Tesla's future value [8]