Teslas just got a lot cheaper, and some qualify for the new tax credit.
Tesla has slashed prices across its lineup, making some of the most popular and compelling EVs far more affordable and, in some cases, eligible for the new $7500 federal tax rebate., for instance, started at $65,990 before the cuts. Tesla has lopped 20 percent off that starting price. It now starts at $52,990. That's a massive savings, but there's a hidden benefit.
Telsa's price cut comes after demand for the company's EVs softened at the end of last year, contributing to the company's stock price tumble., down 70 percent from its peak value. Investors fear the company is facing ever more competition and is led by a CEO who is distracted by his work running Twitter. Tesla failed to meet analysts' expectations for fourth-quarter 2022 numbers, despite massive discounts offered to spur last-second sales.
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