Tesla Offers Incentives to Boost Sales and Beat Wall Street Expectations

Tesla is offering incentives for its vehicles again to help meet high sales expectations for the current quarter, as interest rates rise and competition in the electric vehicle market increases. Tesla is aiming to rebound from a decrease in its third-quarter vehicle deliveries, which fell to approximately 435,000 from about 466,000 in the previous quarter. Wall Street has set its expectations for Tesla to deliver around 475,000 units in the fourth quarter, which would set a new delivery record for the company. Tesla is offering buyers nearly $4,000 off on several Model Y vehicles, along with six months of complimentary supercharging, which can be valued at around $900 or more.