Looking to buy a Tesla? Model 3 RWD Available For As Low As ~$28K On Ordering Before Dec. 31
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) is offering discounts on inventory Model 3 vehicles, with a rear-wheel drive (RWD) version available for about $28,000 after a $7,500 federal tax incentive. This price is valid until December 31, after which the incentive will be reduced to $3,750 due to new guidance aimed at reducing Chinese content in EV batteries. State-wide incentives could further lower the price, but these come with income restrictions. Elon Musk has commented that such incentives are hard to access for the average person, making Tesla vehicles more expensive in the short term compared to competitors like the Toyota Corolla or RAV4.
December 06, 2023 | 10:55 am
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POSITIVE IMPACT
Tesla's Model 3 RWD is being offered at a significant discount with federal and potential state incentives, making it more competitive in price against traditional vehicles.
The discounted pricing of the Model 3 RWD, especially with the federal tax incentive, could boost Tesla's sales in the short term as consumers rush to take advantage of the lower price before the incentive is halved. This could have a positive impact on TSLA's stock price in the short term due to potential increased revenue from higher sales volume. However, the impact may be moderated by the CEO's comments on the difficulty of accessing these incentives, which could temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100