Tesla anticipates a robust quarter for deliveries, yet investors face uncertainty due to the impending loss of the $7,500 EV tax credit effective September 30. The company is emphasizing urgency among consumers to act before the cutoff, leading to an increase in vehicle orders. Demand is reflected in rising delivery wait times for the Model Y, which extended from 1-3 weeks to 4-6 weeks. This increase in wait times suggests consumers are racing to finalize purchases to receive the discount before it expires.
As the end of the $7,500 EV tax credit approaches, there is growing skepticism among investors regarding the affordability of Tesla's vehicles without the discount.
Tesla has increased its push on social media and through emails to inform consumers that the $7,500 discount on electric vehicles will soon disappear, creating urgency in potential buyers.
The recent rise in Model Y delivery wait times from 1-3 weeks to 4-6 weeks indicates heightened consumer demand, likely driven by the pending loss of the tax credit.
Many consumers are feeling the pressure to finalize their orders swiftly, as the deadline for the existing $7,500 EV tax credit approaches at the end of September.
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