As Trump Axes EV Incentives, Elon Musk's Tesla Announces New Offers Amid Sluggish US Sales

Benzinga
2025.07.18 08:45
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Elon Musk's Tesla Inc. has introduced new offers on its vehicles amid declining U.S. sales, including up to $10,000 in deductible interest on auto loans and additional incentives for the Model 3, Model Y, and Cybertruck. These promotions come after the Trump administration eliminated federal EV incentives, contributing to a 6% year-over-year drop in Tesla's domestic sales, despite maintaining a 44% market share. Tesla recently reported strong Q2 2025 deliveries and expanded into the Indian market with the Model Y.