Additionally, the confusion surrounding future delivery numbers in quarters past Q3 is evident. Advertisement Will Tesla thrive without the EV tax credit? Five reasons why they might Tesla will receive some assistance from deliveries of vehicles that will reach customers in Q4, but will still qualify for the credit under the IRS’s revised rules. It will also likely introduce an affordable model this quarter , which should have a drastic impact on deliveries depending on pricing. Tesla shares are trading at $422.40 at 2:35 p.m. on the East Coast. Luria noted that its $200 million operating income in the second quarter was already below its interest expense, which came in at $267 million during the period. He said the company’s falling operating income and rising cost of debt in the upcoming quarter means the issue “may be getting worse.” Based on comparative P/E ratio trends, comp stock price forecast values suggest room for multiple expansion if earnings continue beat estimates across consecutive quarters.