Tesla plans to produce significantly more vehicles than it delivers in Q4, after output topped sales by 22,000 in Q3. The EV giant says it's doing this to smooth out deliveries vs. its typical end-of-quarter frenzy. But, the move comes as production capacity surges and China backlogs are gone.
New EV credits should support Tesla's U.S. sales in 2023.
Meanwhile, Tesla CEO Elon Musk reportedly is seeking new equity partners to finance his Twitter takeover to avoid fresh TSLA stock sales. That comes after Musk said he's "excited" to run Twitter, but admitted he's "overpaying."
TWTR stock rose 1.2% to 52.44 on Thursday, just below the $54.20 takeover price. It's the highest close since Musk first announced interest in Twitter.
U.S. government officials are mulling subjecting Musk's Twitter deal and Starlink satellite network to national security reviews, Bloomberg reported late Thursday. That follows Musk's threats to cut off Starlink access to Ukraine and his Russia-friendly peace proposals.
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