Tesla reports blowout Q3 global deliveries.

Market Performance - Tesla reported a record number of deliveries in Q3, exceeding 497,000 units [1] - Tesla's Q3 deliveries were more than 7% above the same period last year [1] - Electric vehicles accounted for approximately 10% to 12% of the market during August and September [2] Industry Trends - The end of Q3 coincided with the expiration of EV tax credits, removing a taxpayer-funded incentive [1] - The industry believes electric vehicle prices are too high [2] - Automakers, including Tesla, need to find ways to rightsize the price of electric vehicles to increase sales [3] Company Strategy - Tesla's past experience shows that lowering prices leads to increased orders [3] - Tesla sold plenty of vehicles before incentives and expects to continue selling well after the incentives expire [2]