Tesla Q3 Profits Plunge 40% to $1.9B Despite Record Revenue

Contributing sentiments towards policy:

58% : According to a report from Mashable, the company was "buoyed by tax credits and regulatory carbon credits -- it can't rely on either going forward."
58% : The expiration of tax credits could level the playing field, forcing Tesla to compete on merits like technology and brand loyalty alone.
56% : Revenue climbed to $25.2 billion, driven by a surge in vehicle deliveries -- approximately 462,000 units -- fueled by buyers rushing to capitalize on expiring $7,500 federal EV tax credits before year-end.
55% : This was partly attributed to strong sales in the U.S., where the tax credit deadline spurred demand for models like the Model Y and Model 3.
50% : Navigating Post-Tax Credit Realities Analysts noted that without these credits, Tesla's core automotive margins would have been even slimmer.
47% : The company reported net income of $1.9 billion, down from $3.1 billion in the same period last year, amid rising costs and the expiration of key federal tax credits that had previously bolstered sales.

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