Tesla’s price cut was fun while it lasted
💸 Tesla’s price cut was fun while it lasted.
The U.S. government has adjusted rules for EV tax credits, allowing for versions of the small SUVs to be eligible. Tesla increased the prices of its Model Y only three weeks after a nearly 20% price cut on the model. This up to $7,500 tax credit made possible through the Inflation Reduction Act will be available through March, at least. Automakers have been lobbying the Biden Administration to amend the laws so that higher-priced vehicles would still qualify - now EVs with price tags up to $80,000 are included in the tax credit rule.
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Elon Musk has recently spoken out against US government tariffs on Chinese electric vehicles, calling them “not good” and market-distorting.