Tesla's record revenue tops forecasts as tax credit expiry drives US EV sales

Core Insights - Tesla reported record third-quarter revenue, surpassing Wall Street estimates, primarily due to the highest quarterly sales of its electric vehicles as consumers rushed to take advantage of a key U.S. tax credit [1] Financial Performance - The company achieved record revenue in the third quarter, indicating strong demand for its electric vehicles [1] - The sales surge was attributed to car buyers acting quickly to secure tax incentives [1] Market Impact - The results reflect a positive trend in the electric vehicle market, showcasing Tesla's ability to capitalize on consumer incentives [1] - The strong performance may influence investor sentiment and market dynamics within the automotive sector [1]