{"id":30024,"date":"2023-01-13T19:04:00","date_gmt":"2023-01-13T19:04:00","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2023\/01\/13\/tesla-cuts-prices-allowing-certain-models-to-qualify-for-tax-rebates\/"},"modified":"2023-01-13T19:04:00","modified_gmt":"2023-01-13T19:04:00","slug":"tesla-cuts-prices-allowing-certain-models-to-qualify-for-tax-rebates","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2023\/01\/13\/tesla-cuts-prices-allowing-certain-models-to-qualify-for-tax-rebates\/","title":{"rendered":"Tesla cuts prices, allowing certain models to qualify for tax rebates"},"content":{"rendered":"<p> <a href=\"https:\/\/go.fiverr.com\/visit\/?bta=1052423&nci=17043\" Target=\"_Top\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" src=\"https:\/\/fiverr.ck-cdn.com\/tn\/serve\/?cid=40081059\" loading=\"lazy\"  width=\"601\" height=\"201\"><\/a>\n<\/p>\n<div>\n<div class=\"wpds-c-grBDNq hide-for-print mb-sm undefined\">\n<div class=\"PJLV PJLV-iAjpuP-css flex items-center\" config=\"[object Object]\" data-qa=\"article-actions\">\n<div class=\"wpds-c-fLphcs\">\n<div class=\"wpds-c-jmLDag wpds-c-jmLDag-bywHgD-variant-primary wpds-c-jmLDag-biynoz-density-compact wpds-c-jmLDag-hZSyid-isOutline-true wpds-c-jmLDag-ejCoEP-icon-left wpds-c-jmLDag-futxca-cv wpds-c-jmLDag-iknmtxO-css\"><button aria-label=\"Comment\" class=\"PJLV PJLV-iPnDcc-css\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 16 16\" fill=\"currentColor\" aria-hidden=\"true\" focusable=\"false\" role=\"img\" class=\"wpds-c-kKAfCG wpds-c-efqEZa focus-highlight flex items-center justify-center brad-lg pointer transition-400 ease-in-out transition-colors\" aria-label=\"Comment on this story\"><title>Comment on this story<\/title><path d=\"M14 14V2H2v9.47h8.18L12.43 13ZM3 10.52V3h10v9.23l-2.5-1.66Z\"\/><\/svg><\/button><\/p>\n<p>Comment<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"teaser-content grid-center\">\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Electric carmaker Tesla has slashed the price of some of its high-priced models, making the vehicles eligible for $7,500 tax incentives as traditional auto companies begin to claw away EV market share.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">The company, headed by technology mogul Elon Musk, reduced the price of its baseline Model Y SUV to $52,990, a 20 percent reduction, excluding certain fees. It also dropped the cost of an upper-tier edition of its Model 3 sedan to $53,990, a 14 percent price cut.<\/p>\n<\/div>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Both of those models now qualify for tax incentives under the Inflation Reduction Act, the landmark climate change, tax policy and health-care bill championed by President Biden and congressional Democrats.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p><span class=\"font--article-body font-copy hide-for-print ma-0 pb-md db italic interstitial\"><a data-qa=\"interstitial-link\" href=\"https:\/\/www.washingtonpost.com\/us-policy\/2022\/07\/28\/manchin-schumer-climate-deal\/?itid=lk_interstitial_manual_6\">How the Inflation Reduction Act might affect you \u2014 and change the U.S.<\/a><\/span><\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Buyers of new vehicles that have a requisite proportion of American-made parts are eligible for the $7,500 tax rebate, provided that the cost of the vehicle does not exceed $80,000 for vans, SUVs and pickup trucks, or $55,000 for sedans.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Despite aiming to appeal to the mass market, Tesla has long priced its models at rates that made them far too expensive for middle-income car buyers. Some competitors have taken advantage of that pricing regime in recent months.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p><span class=\"font--article-body font-copy hide-for-print ma-0 pb-md db italic interstitial\"><a data-qa=\"interstitial-link\" href=\"https:\/\/www.washingtonpost.com\/technology\/2023\/01\/08\/tesla-rivals-market-share\/?itid=lk_interstitial_manual_11\">Battle to dethrone Tesla heats up just as Musk is distracted by Twitter<\/a><\/span><\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Tesla still owned the lion\u2019s share, 65 percent, of new electric light-vehicle registrations in the United States in the first nine months of 2022, <a href=\"https:\/\/www.spglobal.com\/mobility\/en\/research-analysis\/new-ev-entries-nibbling-away-at-tesla-ev-share.html\" target=\"_blank\" rel=\"noopener\">according to<\/a> S&amp;P Global.<b> <\/b>But that\u2019s down from 79 percent in 2020, thanks to a surge of competition, including from some lower-priced models, according to the data provider.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Ford is in second place, with about 7 percent of new EV registrations in the United States, followed by Kia at 5 percent, and Chevrolet and Hyundai at 4 percent. Mercedes-Benz and others are rolling out EV models that are challenging Tesla in the luxury market.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">As car prices soared during 2022, baseline models of Tesla vehicles suddenly fell in step with their competition\u2019s pricing. The baseline Model 3 costs $43,990, or $36,490 with the tax rebate. That\u2019s well below the average purchase price on a new non-luxury car at the end of 2022.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">The <a href=\"https:\/\/www.kbb.com\/car-news\/average-new-car-price-sets-record\/#:~:text=In%20November%202022%2C%20the%20average,a%20slight%20increase%20from%20October.\" target=\"_blank\" rel=\"noopener\">average non-luxury car sold for $44,584<\/a> in November, the most recent data available, according to Kelley Blue Book. The average luxury buyer paid $67,050, a record high.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\"><i>Jeanne Whalen contributed to this report.<\/i><\/p>\n<\/div>\n<section class=\"dn-ns hide-for-print\" data-testid=\"mostRead\" subscriptions-section=\"content\"\/><\/div>\n<iframe data-lazy=\"true\" data-src=\"https:\/\/www.fiverr.com\/gig_widgets?id=U2FsdGVkX18x7XQvttUTrv1oEqmGNGTgvvCUiUoJ\/AP4z\/UyMz8lXGOLpu15jIMxBbTR0gmD5uBoFvhC4KWeALQRp3h\/X\/AwcVD0K8Wj9H\/ZzYKzcCNHosB9oS4SCJJFWiN85P9ICAc4OgCoE\/wHKIY7CDkf2\/DQ1vqGvk4smVe5cRDEmrLPCWi4FC8p40VUhSmWQ5udCm0zoJtorgWv3vbDQw0kKYkwn39ozAnQXDe+YvWMxkLFWA+O3TFwkJvdkIK+\/AUSnRssPKt5WHY0FhNOxnSPcLslEL4G4\/RfP95ve99U+kRnDy3X+KtzdQLY+u935ghON\/o3UE4IMv9oN6JX9RnxzL\/LRcOgnHigxStSGPKsZYtnz8RWNVT\/rOLAibqiWJadC5MYHRbekF3eg6FOGrQGkXYbsn0+a5aovnlLCbLwIqY9fcS17UX8J235iQ6cdmHNbrPeS84CMm34RA==&affiliate_id=1052423&strip_google_tagmanager=true\" loading=\"lazy\" data-with-title=\"true\" class=\"fiverr_nga_frame\" frameborder=\"0\" height=\"350\" width=\"100%\" referrerpolicy=\"no-referrer-when-downgrade\" data-mode=\"random_gigs\" onload=\" var frame = this; var script = document.createElement('script'); script.addEventListener('load', function() { window.FW_SDK.register(frame); }); script.setAttribute('src', 'https:\/\/www.fiverr.com\/gig_widgets\/sdk'); document.body.appendChild(script); \" ><\/iframe>\n<br \/><a href=\"https:\/\/www.washingtonpost.com\/technology\/2023\/01\/13\/tesla-price-cut-tax-rebate\/?utm_source=rss&#038;utm_medium=referral&#038;utm_campaign=wp_business-technology\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Comment on this story Comment Electric carmaker Tesla has slashed the price of some of its high-priced models, making the vehicles eligible for $7,500 tax&#8230;<\/p>\n","protected":false},"author":1,"featured_media":30025,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-30024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech-universe"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tesla cuts prices, allowing certain models to qualify for tax rebates - mailinvest.blog<\/title>\n<meta name=\"description\" content=\"Technology is forever changing, and there are always new pieces of technology to replace obsolete ones. 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