SAN FRANCISCO, June 30 Reuters Tesla is set to report record vehicle deliveries, after the top electric vehicle maker increased discounts and other incentives to boost sales in the face of economic uncertainty and rising competition.

Tesla is expected as early as this weekend to report global deliveries of 445,000 vehicles in April to June, according to the average estimates of nine analysts by Refinitiv. That would be an increase of 5 from 422,875 the preceding quarter.

Tesla CEO Elon Musk39;s plan to sharply increase sales this year faces challenges from aging and limited product lineups as competition intensifies especially in China, and demand softens.

Tesla has cut prices aggressively since January, eroding its firstquarter margins. It has avoided major price cuts in the past couple of months but has increased discounts, another form of sales incentive. It raised discounts in the second quarter for vehicles in its inventory to a 1,600to7,500 range, and made all of its Model 3s eligible for full federal credits of 7,500 starting in June in the United States.

Tesla this week sent out an email, The Most AmericanMade Cars Are S3XY, offering three months of Supercharging to those who take delivery of a Model 3 by June 30, 2023.

In China, its secondbiggest market after the United States, Tesla offered an insurance subsidy of 8,000 yuan 1,104 to customers who ordered and completed the delivery of an alreadybuilt Model 3 in the inventory from June 16 to June 30. Tesla…