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Tesla stock climbs on tax credit inclusion, continuing stratospheric rise in 2023

Teslarati

Tesla stock ( NASDAQ: TSLA ) continued to climb on Friday following news that Model Y vehicles would completely qualify for electric vehicle tax credits. The stock has risen over 77 percent so far this year after a broad market downturn that widely hurt the tech and automotive sectors in 2022.

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Why Tesla Model Y tax credit inclusion is good for some and bad for others

Teslarati

The Tesla Model Y complete lineup was recently added to the IRS list of qualifying vehicles that will give buyers a $7,500 tax credit. While it may seem like the company’s huge price cuts coupled with the tax credit would be good for everyone, it spells bad news for competitors that offer comparable EVs in the same category.

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Volkswagen ID.4 receives the 2024 MotorWeek Drivers’ Choice Award

Teslarati

4 SUV was just the start of all things EV for VW. 4 has more standard tech and better materials in a revised interior. 4 with SK ON battery components eligible for full $7,500 tax credit in 2024 The 2023 and 2024 ID.4 It received its first MotorWeek Drivers’ Choice award in 2022. 4 even better. The 2023 ID.4

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Notable Updates are Coming to the VW ID.4 for 2024, but Only the More Expensive Models

The Truth About Cars

Changes include more tech, new advanced driver assistance features, but they’re limited to higher, more expensive trim levels. 4 rolls into the new year with the same battery and powertrain options it had before, but tech improvements should help it remain competitive. Volkswagen has sold tons of ID.4s, It gets a new 12.9-inch

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BMW previews future electric SUV with faster charging, more range

Baua Electric

The BMW Vision Neue Klasse X is an electric SUV that forecasts a model due to start production in Debrecen, Hungary, in 2025. Like the previous sedan concept, the Vision Neue Klasse X features a minimalist look , although the SUV sports a prominent version of BMW’s signature twin-kidney grille. federal tax credits.

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BMW previews future electric SUV with faster charging, more range

Baua Electric

The BMW Vision Neue Klasse X is an electric SUV that forecasts a model due to start production in Debrecen, Hungary, in 2025. Like the previous sedan concept, the Vision Neue Klasse X features a minimalist look , although the SUV sports a prominent version of BMW’s signature twin-kidney grille. federal tax credits.

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VinFast Announces New U.S. Dealers Across Several States

The Truth About Cars

is the VF 8 SUV. It only managed 265 in all of 2023, though that was likely due to delays in the rollout and early hiccups with the vehicle’s tech. The VF 8 has struggled to break ground in the increasingly crowded EV market, as spotty reviews have highlighted deficiencies with its tech, ride quality, and driver assistance features.

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