Tesla Expects Reduced Tax Credit for Model 3 By March-End

Reuters2023-03-30

Tesla Inc said on Wednesday a $7,500 tax credit in place since January will be reduced for its Model 3 ear-wheel drive by March 31, subject to guidance due this week from the U.S. Treasury Department ...

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DailyTrader7
·2023-03-30
Bullish my boy
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suthanb4u
·2023-03-30
Is this bullish or bearish?!?
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The credit is in effect for deliveries taken before the updated guidance is issued.A U.S. official told Reuters that the Treasury Department's guidance on the EV tax credit due March 31 would result in fewer vehicles getting full or partial credits.Tesla added that only consumers buying the model for their own use in the U.S. could take advantage of the tax credit.In early February, the Treasury said it would make more Tesla, Ford Motor, General Motors, and Volkswagen EVs eligible for up to $7,500 tax credits after it revised its vehicle classification definitions.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9941842763,"gmtCreate":1680158559852,"gmtModify":1680158563433,"author":{"id":"4096841192952540","authorId":"4096841192952540","name":"suthanb4u","avatar":"https://community-static.tradeup.com/news/9f20cddb20a5bf9628a34649fd09fd65","vip":1,"crmLevel":8,"crmLevelSwitch":1},"htmlText":"Is this bullish or bearish?!?&nbsp;","listText":"Is this bullish or bearish?!?&nbsp;","text":"Is this bullish or bearish?!?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941842763","repostId":2323713768,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":20,"commentSize":2,"repostSize":3,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}