Tesla's quarterly deliveries beat estimates on incentives; shares rally

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Tesla's quarterly deliveries beat estimates on incentives; shares rally - Business Standard

Quick Summary:

Tesla offered loans with interest rates of zero or near zero percent on car purchases in China and the United States.In the U.S.it heavily promoted its leasing plans, which make its vehicles eligible for $7,500 federal credits.

This marks the first time Tesla posted a year-on-year sales fall for a second consecutive quarter.

Tesla does not provide regional breakdown of sales, but some analysts said better-than-expected sales in China and the United States may have helped Tesla deliver stronger-than-expected results.