StockNews.AI
TSLA
New York Post
6 hrs

Tesla turns to $60-a-day rentals as US sales slump after EV tax credit expires

1. Tesla starts a rental program amid declining US demand for car sales. 2. Rentals offered for 3-7 days, priced from $60, including free Supercharging. 3. CEO Elon Musk's $1 trillion pay package approved, focusing on humanoid robots. 4. US EV sales fell 24% year-to-date; market share dropped to 38%. 5. New rental initiative aims to boost consumer interest in buying Teslas.

5m saved
Insight
Article

FAQ

Why Bearish?

The decline in sales and market share signals reduced demand, resembling past downturns.

How important is it?

The rental program directly responds to falling sales, indicating weak demand for Tesla vehicles.

Why Short Term?

The immediate impact from rental strategy won't affect long-term growth drastically yet.

Related Companies

Related News