Tesla’s Inc.’s (NASDAQ:TSLA) third-quarter delivery boom, a 7.4% year-over-year gain, has reignited some of the electric-car fever that had faded during so much of 2025.
But lift the hood, and the engine producing those figures doesn’t look so much like a roaring recovery as a sprint brought on by subsidies.
TSLA stock is charging ahead. See what is driving the movement here.
The expiration of the U.S. federal EV tax credit in September triggered a last-minute surge in demand, rather than a revival in organic demand. “We note that US EV industry sales likely benefitted from pull-in demand related to the end of the up to $7,500 EV federal tax credit under the IRA,” Goldman Sachs analyst Mark Delaney said in an investor note.
That’s a challenge for Tesla-heavy ETFs like the Simplify Volt TSLA Revolution ETF (NYSE:TESL), up almost 22% year-to-date; T-REX 2X Long Tesla Daily…
