General Motors is backing off a controversial plan to use its in-house auto finance company to effectively extend the federal $7,500 electric-vehicle tax credit beyond its Sept. 30 expiration, the company said https://t.co/1WRAER5B2X ...

Production & Sales - Tesla delivered approximately 500,000 vehicles in the quarter, significantly exceeding the consensus estimate of 440,000 vehicles [1] - The increased vehicle production and sales are considered crucial for Tesla's core business [1] Marketing & Advertising - Tesla experimented with paid advertising on platforms like YouTube and Instagram, leading to a noticeable increase in sales [2] - The company utilized marketing to highlight the expiration of the federal tax credit, potentially driving sales [3] - Investor groups have expressed a desire for Tesla to engage in more advertising [4] Executive Compensation - Shareholders will vote on a compensation package on November 6th, which mandates Elon Musk to deliver 20 million vehicles over a 10-year period [1] External Factors - The disappearance of the federal tax credit at the end of September influenced consumer behavior [2][3]

Market Trends - Automakers are struggling to sell remaining electric vehicles due to the expiration of a $7,500 tax credit, which previously boosted EV sales [1]

Electric Vehicle Tax Credit - The electric vehicle tax credit of $7,500 is expiring on September 30th [2] - Consumers can still get the tax credit if they sign a contract and pay a deposit before the deadline, even if delivery takes place later [3] - Recommended EVs include Chevy Equinox EV (under $35,000), Tesla Model Y, and BMW iX (around $90,000) [5][6] Energy Efficient Home Upgrades Tax Breaks - Tax credits for solar panels and heat pumps are expiring at the end of the year, December 31st [8] - The solar panel tax credit covers 30% of the installation cost, which can be a saving of several thousand dollars on an average $20,000 installation [9] - Energy efficiency upgrades also cover 30% of the cost, up to $2,000 for heat pump installation, up to $1,200 for weatherization, up to $600 for electrical panels and exterior windows, and up to $150 for an energy efficiency audit [12]

A last-ditch EV car-buying spree has been set off by the final days of the $7,500 federal tax credit for electrical-vehicle purchases https://t.co/lpGa54g3Ca ...