Tesla sales jump as buyers scramble before EV tax credit expires | Automotive Industry News

Tesla sales have surged in the third quarter as buyers in the United States rushed to take advantage of electric vehicle (EV) tax credits that were eliminated under President Donald Trump’s sweeping tax bill passed this year.

On Thursday, the automaker reported a 7.4 percent increase in sales compared with the same period last year as demand was driven by customers looking to buy before the credits officially expired at the end of September.