You Can Have Any Color Tesla Model X To Qualify For EV Tax Credit — As Long As It Is Stealth Grey
Portfolio Pulse from Anan Ashraf
Tesla Inc.'s Model X dual motor now qualifies for a $7,500 federal EV tax credit, but only if purchased in stealth grey. This is due to a recent price increase for all other color options, which would push the vehicle's price over the $80,000 cap for the tax credit eligibility. The Model X's eligibility comes after a price reduction in September, which initially brought its starting price below the federal cap.
January 18, 2024 | 9:47 am
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Tesla's Model X in stealth grey qualifies for the federal EV tax credit, potentially increasing its attractiveness to buyers. Other colors' price hikes make them ineligible, possibly affecting sales mix.
The news is likely to have a positive impact on Tesla's stock in the short term as the eligibility for the tax credit could boost the sales of the Model X in stealth grey. However, the impact may be moderated by the fact that other colors are now priced higher, which could influence the overall sales mix and customer preferences. The importance is significant as tax incentives are a strong driver for EV purchases, but it is not at the highest level since it affects only one color option of a single model.
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