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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. Tesla stock is up around 1 percent on Friday at 1:43 ET, but is climbing closer to $200 per share after nearly sinking below $100 levels earlier this year.

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Tesla Model 3 Performance price goes up $1,000

Teslarati

Tesla increased the price of the Model 3 Performance by $1,000 on Thursday night from $53,990 to $54,990. Tesla launched the new Model 3 Performance on April 23, listing it at $52,990 and equipping it with a brand new set of specs, including a 163 MPH top speed and a 0-60 MPH acceleration time of just 2.9 It is now $54,990.

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Tesla price cuts push EV market toward affordability with broader influence

Teslarati

Tesla cut prices on its cars once again recently and contributed to a broader scope of affordability for electric vehicles. As new vehicle transaction prices declined once again in September, according to Kelley Blue Book data, Tesla is the culprit, helping consumers find industry-leading vehicles for a reasonable price.

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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. ” The price limit to qualify for the tax credit differs by $25,000: $55,000 for All Others, and $80,000 for SUVs. Lower prices mean more sales. No, absolutely not.

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Tesla is no longer just a luxury brand, says major auto outlet

Teslarati

One major automotive outlet says Tesla is no longer just a luxury brand, in part due to its unique pricing strategy over the past few years. In a column shared on Friday, Automotive News Executive Editor Jamie Butters laid out an update to a 2022 piece that had initially called Tesla a luxury brand. average car price.

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Proposed Changes to Federal EV Tax Credit – Part 2: End of the Manufacturer Sales Phaseout

EV Adoption

Arguably the biggest flaw in the Plug-In Electric Drive Vehicle Credit ( IRC 30D ) regulations is the triggering of a phaseout schedule of the tax credit when a manufacturer sells 200,000 total EVs (BEV and PHEV). What is less clear is how Tesla and GM will handle leases.

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Tesla led the EV market closer to ICE price parity in 2023: Cox

Teslarati

Sticker prices on electric vehicles (EVs) continued to trend downward in 2023 toward price parity with gas cars, as led by price cuts from market leader Tesla. The data shows that the average sticker price of a Tesla dropped throughout the year to reach $50,051 in December.

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