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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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From: elmatador6/5/2023 1:56:10 PM
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Tesla stands to qualify for $1.8 billion in the federal production credits that are part of the Inflation Reduction Act this year.
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“We’re pretty well positioned over the coming years to take advantage of [the IRA],” Zachary Kirkhorn, Tesla’s CFO, told investors in January.
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Leave it to Musk to be out ahead of the government on this change, which makes the effective price of a Tesla Model 3 (as of June 4) $32,740. Local incentives may make that price even lower. If you happen to live in Colorado, for instance, and buy a Model 3 after July 1, you could be eligible for an additional $5000 tax credit, and, if you meet certain income guidelines, another $2500 on top of that. A brand new Model 3 sitting in your driveway in Denver for $25,240? It doesn’t get any better than that.

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