Energy Department Confirms All Tesla Model 3 Variants Qualify For $7,500 EV Tax Credit
Portfolio Pulse from Anan Ashraf
All Tesla Model 3 variants now qualify for a $7,500 EV tax credit, up from the previous $3,750 for the Rear-Wheel Drive and Long Range versions. The change comes after the U.S. Treasury Department issued new guidance on battery sourcing in March.
June 05, 2023 | 3:04 am
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Tesla Model 3 now qualifies for a $7,500 EV tax credit, potentially increasing demand and sales for the company.
The increase in the EV tax credit for all Tesla Model 3 variants makes the vehicle more affordable for potential buyers. This could lead to increased demand and sales for Tesla, positively impacting the company's stock price in the short term.
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