Tesla Cybertruck Eligible For $7,500 Tax Credit

Blockhead01-02

The Tesla Cybertruck is now eligible for the $7,500 tax credit as of Jan. 1, which should boost demand for expensive EV. The dual-motor Tesla (TSLA) Cybertruck, which starts at $79,990, now qualifies ...

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href=https://www.investors.com/news/tesla-cybertruck-eligible-for-7500-tax-credit/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Tesla Cybertruck is now eligible for the $7,500 tax credit as of Jan. 1, which should boost demand for expensive EV.\nThe dual-motor Tesla (TSLA) Cybertruck, which starts at $79,990, now qualifies ...</p>\n\n<a href=\"https://www.investors.com/news/tesla-cybertruck-eligible-for-7500-tax-credit/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NVDX","symbol_name":"T-REX 2X LONG NVIDIA DAILY TARGET 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according to the fueleconomy.gov. The tri-motor Cyberbeast, which starts at $99,990, is not eligible.\n\n\n\n↑\nX\n\n\n\n\nStocks End Strong Year On Weak Note; CyberArk, Nvidia, Tesla In Focus\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nStocks End Strong Year On Weak Note; CyberArk, Nvidia, Tesla In Focus\n\n\n\n\nThe dual-motor Cybertruck has been below the $80,000 price limit for the IRA tax credit ever since the non-Foundation series variant came on line, but it still didn't qualify. It's unclear why, but may have had something to do with Chinese battery materials or components.\nCybertruck demand appeared to be somewhat sluggish in the fourth quarter, despite the lower non-Foundation price and orders opened up to anyone. That was likely in part due to potential buyers waiting for the IRA tax credit.\nThe tax credit, cutting the will surely provide at least a short-term sales boost for the Tesla Cybertruck. It's unclear what the longer-run demand for the Cybertruck is, at least until a single-motor variant eventually launches.\nThe planned single-motor Cybertruck also is eligible, but it's unclear if Tesla will want to roll that out anytime soon. The EV giant claimed the Cybertruck was gross margin profitable in Q3, but that was when the average price was over $100,000. A $60,000 single-motor variant, even with improved economies of scale, could be a big money loser.\nA further complication is whether IRA tax credits for electric vehicles will be around much longer. President-elect Donald Trump has said he wants to eliminate EV tax credits, a move that Tesla CEO Elon Musk supports.\nEarly Thursday, Tesla is expected to report fourth-quarter deliveries. They should be a new quarterly record of 500,000 or so. Tesla needs 514,925 for 2024 deliveries to top 2023's total of 1.808 million. Tesla will lose its BEV crown to rival BYD (BYDDF) in Q4.\n\nEV Tax Credits: $7,500 Is Up For Grabs. Here's How To Get It. \n\nTesla Stock\nTesla stock retreated 3.25% to 403.84 on Tuesday, its fourth straight loss. Early on, TSLA stock rebounded from its 21-day moving average, but ultimately closed below that key short-term level for the first time since Oct 24.\nPlease follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson  for stock market updates and more.\nYOU MAY ALSO LIKE:\nCatch The Next Big Winning Stock With MarketSurge\nWant To Get Quick Profits And Avoid Big Losses? Try SwingTrader\nBest Growth Stocks To Buy And Watch\nIBD Digital: Unlock IBD's Premium Stock Lists, Tools And Analysis Today\nFutures: Get Ready For 2025; Tesla Loses BEV Crown","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2500963617"}