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Tesla price cut: Model Y undercuts Model 3 by $5,000 with tax credit

Baua Electric

Both are eligible for the $7,500 EV tax credit, cutting the effective price for many households to just $37,130 and $42,130 respectively. The Model 3 also doesn’t qualify for the EV tax credit. In addition, the base Model Y RWD now undercuts the base Model 3 by $5,000 for the tax-credit-eligible.

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Autonomy debuts EV subscription service in Austin, TX

Teslarati

Autonomy debuted its electric vehicle subscription service in Austin, Texas, following its successful launch in California earlier in 2022 and its recent expansion into Florida and Washington. Austin has over 1,300 public EV chargers, with more than 500 new ones added within the last 90 days. In Austin, it’s almost 10%.”

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Tesla Model 3 price cuts puts new car cheaper than some used Model 3s

Teslarati

The recent price cuts enable buyers to purchase a base Model 3 for $43,990, and with the EV tax credit, that price is further reduced. 7,500 EV Tax credit to that of a 2020 base Model 3 priced at $38,600. The lowest prices for used Tesla Model 3s in Austin were in the $35,000 and $36,000 ranges for 2019 base Model 3s.

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Tesla (TSLA) can “harvest” far more IRA benefits than peers: Morgan Stanley

Teslarati

We assume General Motors (GM) splits the tax credit 50%/50% with LGES, and Ford (F) 50%/50% with SK On,” the analyst wrote.

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Tesla set to build batteries at Giga Berlin faster than previously thought, despite recent reports

Teslarati

Earlier this week, the Wall Street Journal reported Tesla was planning to delay battery cell production outside of the United States as recently-signed tax credit plans benefit domestic battery manufacturing. The battery facility will reportedly create 2,000 jobs in Grunheide, the municipality where the factory is located.

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Tesla said to be mulling U.S. battery plant with supplier CATL

Teslarati

The IRA rules can qualify certain electric vehicles for either some or all of the $7,500 tax credit for purchasing a clean energy vehicle. It also operates the Gigafactory Texas plant in the state, just outside of Austin. One of the stipulations is that a portion of the battery pack be manufactured in the U.S.,

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Tesla investors post questions for TSLA Q3 2023 earnings call

Teslarati

Tesla Model 3 and Y now cost approximately the same as an average non-luxury car ($31.9k) and non-luxury SUV ($35.7k) after tax credit in the US despite better features. When do you expect Model 3 Highland to be available in the US? Is there a schedule-defining issue w/ the Cybertruck remaining?

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