Tesla shares are trading higher after the Energy Department confirmed all Model 3 variants qualify for a $7,500 EV tax credit.
Portfolio Pulse from Benzinga Newsdesk
Tesla shares are trading higher after the Energy Department confirmed all Model 3 variants qualify for a $7,500 EV tax credit.
June 07, 2023 | 3:14 pm
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Tesla's stock price is trading higher after the Energy Department confirmed all Model 3 variants qualify for a $7,500 EV tax credit.
The Energy Department's confirmation that all Model 3 variants qualify for the $7,500 EV tax credit is positive news for Tesla. This will likely increase demand for the Model 3, leading to higher revenues and a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100