• Tesla Slashes Prices So Vehicles Can Qualify For Biden EV Tax Credits

    23 days ago - By Observer

    Tesla has drastically reduced the prices of Model 3 and Model Y electric cars in the U.S. in a bid to boost sales. After the price cuts, most Model 3 and Model Y variations are eligible for $7,500 in federal tax rebates under the Inflation Reduction Act, potentially saving consumers tens of thousands of dollars on some purchases.
    Tesla shares fell 3 percent in today's morning trading.
    In the U.S., the starting price for the five-seat Model Y Long Range fell 20 percent to $52,990 from $65,990, according to Tesla's website. Including the $7,500 tax credit, the entry-level Model Y is $20,500...
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