Tesla Model 3 Long Range Now Qualifies for $7,500 Federal Tax Credit
Price reduction positions Model 3 Long Range as a more competitive option in the electric vehicle market.
- The Model 3 Long Range's new eligibility for the tax credit lowers its effective starting price to around $40,000.
- Tesla's price adjustment aims to align the Model 3 Long Range's cost with consumer expectations and boost sales.
- The tax credit is not applicable to the Model 3 Rear-Wheel Drive due to its battery sourcing from China.
- Tesla's Model 3 Long Range offers the highest EPA range rating among its trims, at 341 miles per charge.
- The move could help balance the supply-demand mismatch for the Model 3, which has lagged behind the Model Y.
Benzinga 
Electrek 