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Tesla sales surge to record on rush to snag U.S. tax credit

Tesla Inc. reported a surprise record quarter of vehicle sales as US consumers accelerated electric-car purchases before federal tax credits expired.

Kara Carlson

Tesla said plans to sell more affordable vehicles remain on track, with production set to start in the first half of this year.

Tesla's surprise earnings on Wednesday rallied the stock.

Musk acknowledged in June he sent graphics processing units from Tesla to X and artificial intelligence venture xAI Corp., saying they would have...