Here Are The Latest Tesla EV Prices Now That Model 3 Long Range Qualifies For $7,500 Tax Credit
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) announced that its Model 3 Long Range variant now qualifies for a $7,500 federal tax credit, making it only $1,000 more expensive than the cheapest variant. The Performance version also qualifies for the tax credit, while the cheapest rear-wheel drive Model 3 does not. All versions of the Model Y SUV and the Long Range variant of the Model X are also eligible for the tax credit. This move is expected to boost EV adoption by lowering the final purchase price for customers.
June 18, 2024 | 10:50 am
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Tesla's Model 3 Long Range and Performance variants now qualify for a $7,500 federal tax credit, making them more affordable for customers. This is expected to boost EV adoption and potentially increase Tesla's sales.
The federal tax credit makes Tesla's Model 3 Long Range and Performance variants more affordable, which is likely to increase demand and sales. This positive development is expected to have a favorable impact on Tesla's stock price in the short term.
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