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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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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. If the automaker meets other requirements for federal tax incentives, the domestic output would qualify its vehicles for up to $7,500 in credits at the time of sale.

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Jeep Details the New All-Electric Wagoneer S

The Truth About Cars

We first heard about the all-electric Jeep Wagoneer S a while back, and the automaker recently detailed specs and performance for the sleek SUV. Jeep will launch the Wagoneer S at its EV-certified dealerships later this year, with a starting price of $71,995, and it said that the SUV would qualify for federal tax credits.

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Honda undercuts Tesla Model Y after slashing Prologue EV lease prices to $399/mo

Baua Electric

Honda believes the Prologue hits the “sweet spot” of the electric SUV market at the right price. After kicking off production of its first global electric SUV in February, the Honda Prologue began hitting US dealerships in March. All Prologue models include a suite of Honda Sensing safety and driver-assistive tech.

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