California Adds $2,000 EV Credit For Residents, Here's How Much You Can Save Now
Portfolio Pulse from Chris Katje
California is increasing the incentives for low- and moderate-income consumers to purchase electric vehicles, adding an additional $2,000 in credits. This could result in total savings of $17,000 or more for qualifying residents. Tesla Inc (NASDAQ:TSLA) is among the companies that could benefit from these increased incentives.
August 16, 2023 | 9:01 pm
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Tesla Inc could benefit from increased incentives for electric vehicle purchases in California.
The increased incentives in California could lead to higher sales of electric vehicles, including those produced by Tesla. This could potentially boost Tesla's revenues and positively impact its stock price.
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