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Tesla Model 3 Highland leases qualify for IRA tax credit loophole

Teslarati

Tesla Model 3 Highland leases are more affordable thanks to a loophole in the Inflation Reduction Act about commercial vehicles. The Texas-based automaker noted that the $7,500 EV lease incentive would be distributed across the lease term. The Tesla Model 3 Highland was recently launched in North America.

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MIT analysis finds current EVs could replace ~90% of personal vehicles now on the road based on driver’s energy consumption

Green Car Congress

A study by a team at MIT has concluded that roughly 90% of the personal vehicles on the road in the US could be replaced by an electric vehicle available on the market today, even if the cars can only charge overnight. Together, the two datasets encompass millions of trips made by drivers all around the country. —Jessika Trancik.

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Consumer Reports finds interest in EVs is rising in the US

Teslarati

.” However, the survey of 8,027 Americans nationwide also found that people were surprisingly naive regarding the costs of EV ownership, the capabilities of the newest EVs, and even government incentives. Compared to a Texas poll that we covered previously in Teslarati , Consumer Reports ‘ poll showed a lower level of interest.

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Tesla’s Elon Musk gives Rivian invaluable advice on manufacturing

Teslarati

based automotive plant potentially landing in Fort Worth, Texas , Musk stated it might be more beneficial to ramp its first plant before committing to a second one, as unit costs can be difficult to keep affordable in the early manufacturing stages. It’s insanely difficult to reach volume production at affordable unit cost.

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Elon Musk’s $50K TX house is a humble prefab home that can be towed by a Model X

Teslarati

Tesla CEO Elon Musk has mentioned that he now lives in a ~$50K house at Starbase, Texas, where his private space company, SpaceX, is manufacturing its Starships. A 20×20 unit such as the one that Elon Musk owns is priced at only $50,000, less than the cost of a Model Y Long Range Dual Motor AWD.

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Tesla’s 4680 battery ramp may experience a “Death Valley” start, but it will be overcome: expert

Teslarati

Without 4680 cells, Tesla’s efforts to create an affordable car at a price point beneath the Model 3 would likely be for naught. But if the company succeeds in ramping the production of its 4680 cells, Tesla could very well pave the way for electric vehicles to become the dominant form of personal transportation in the decades to come.

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Tesla’s push for telematic rates rejected by California Insurance Commissioner

Teslarati

Tesla’s telematic’s system is available in four of the five states it offers its in-house insurance program : Texas, Illinois, Ohio, and Arizona. ” CFO Zachary Kirkhorn added that telematics and informatics insurance programs have contributed to safer driving, at least in Texas. ” Musk broadened on his points.