When reporting earnings on Wednesday, Tesla is unlikely to emphasize the short-term benefits of a worrisome long-term trend for the company: the elimination of tax incentives for electric cars buyers.
In the U.S., for instance, buyers of a Tesla, or any other electric vehicle, could once get a whopping $7,500 rebate on their tax bill. The argument was that the subsidy helped get fuel-burning cars off the road, thereby reducing pollution.