Elon Musk’s electric car company is facing intensifying competition from newer Chinese automakers and established Western car companies.
Incentives and price cuts made Tesla electric cars cheaper than comparable gasoline models. But the company faces growing competition in China, a key market.
Deals with Ford and G.M. will make it easier to find a charger but could give Elon Musk control of critical infrastructure.
The electric car company, which operates the country’s most extensive charging network, struck a similar deal with Ford Motor recently.
Some shareholders saw the automaker’s decision to move up the deadline by two months as a way to suppress criticism during the company’s annual meeting on Tuesday.
About 80 percent of new cars sold in Norway are battery-powered. As a result, the air is cleaner, the streets are quieter and the grid hasn’t collapsed. But problems with unreliable chargers persist.
Rules that take effect on Tuesday will limit the $7,500 credits to electric cars made domestically with minerals from the U.S. or trade allies.
The electric car company’s decision to slash prices appears to have paid off in reviving demand.
Elon Musk is expected to announce plans for a new factory in Mexico and an array of other measures to win back investors’ favor.
The maker of electric luxury sedans said it made more than 7,000 cars in 2022, achieving a scaled-down target.