Tesla Warns 'Strong Likelihood' Of Model 3's $7500 Tax Credit Getting Slashed Next Year
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) has warned customers on its website of a 'strong likelihood' of the Model 3's $7500 tax credit being reduced to $3750 after December 31, citing pending federal guidance. The company has urged prospective buyers to take their deliveries before the end of the quarter to guarantee a full incentive of $7500. The U.S. Department of Energy had confirmed in June that all versions of the Model 3 would be eligible for a $7500 tax credit.

October 12, 2023 | 6:28 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Tesla's warning of a likely reduction in the Model 3's tax credit could potentially impact sales, as customers may rush to purchase before the end of the quarter to secure the full incentive. This could lead to a short-term increase in sales, but a potential decrease in the following quarter.
The potential reduction in the Model 3's tax credit could incentivize customers to purchase before the end of the quarter to secure the full incentive, leading to a short-term increase in sales. However, this could potentially lead to a decrease in sales in the following quarter once the reduced tax credit is implemented.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100