![]() ![]() Tesla, which is touted as the clean energy revolutionary automaker, is much more than just a car manufacturer. The standard Model 3 is listed on the Tesla website as having a manufacturers suggested retail price of 32,740 after the EV tax credit is applied. ![]() The firm's three-pronged business model approach of direct sales, servicing, and charging its EVs sets it apart from other carmakers. The least-expensive 2023 Tesla Model 3 is the 2023 Tesla Model 3 4dr Sedan (electric DD). We reported that Tesla recently offered three months of free Supercharging for people taking deliveries of a Model 3 by the end of June. Tesla, which has managed to garner the reputation of a gold standard over the years, is now a far bigger entity that what it started off since its IPO in 2010, with its market cap crossing $1 trillion for the first time in October 2021.? The EV king's market capitalization is more than the combined value of legacy automakers including Toyota, Volkswagen, Daimler, General Motors and Ford.Over the years, Tesla has shifted from developing niche products for affluent buyers to making more affordable EVs for the masses. The company's flagship Model 3 is the best-selling EV model in the United States. I won’t spam my referral code, but if I helped you decide to buy a Tesla vehicle or product with my writing/podcast, you can reach out to me for a referral code at Using a referral code results in both referrer and new buyer getting a few thousand Tesla credit points, which are redeemable for Cybertruck raffle entries, Tesla accessories, free Supercharging miles, and more.Tesla is the market leader in battery-powered electric car sales in the United States, with roughly 70% market share. That used to be a problem for Tesla buyers, but now the cost of ownership of a Model 3 is becoming less than a Honda Accord or Toyota Corolla in most markets. To quality, buyers need to have an adjusted gross income of less than $300,000 for married couples filing jointly, $225,000 for heads of households, or $150,000 for all other filers. With those models starting at $37,830, the Model 3 now basically starts at $30,000 if you qualify for the tax credit. As indicated on Tesla’s inventory page for the Model 3 sedan in North America, customers who purchase and take delivery of an inventory unit between June 14 and Jare able to receive. This applies to discounted inventory as well so with local state EV incentives, a Model 3 RWD can be had for under 30k in many states (ie: CA 28k, NY 28k, MA 26k, etc) Great news for consumers □ View all comments Wow smart move Tesla to have all model 3 qualify for full tax credit again. Now it’s unclear how Tesla achieved this and if it means that the new Model 3 RWD and Long Range AWD now have US-made battery cells or if there’s a new deal that allows for Chinese cells.Īt first, I thought that maybe the change was related to the new refresh of the Model 3, but Tesla says that the full tax credit also applies to new inventory Model 3 vehicles available for deliveries now. If combined with state incentives available in many markets, it can easily cost less than $30,000. ![]() However, some new requirements limit access or the tax credit amount on certain models.įor the two cheapest versions of the Model 3, buyers only had access to half the credit because the batteries in those vehicles were coming from China.īut Tesla has now updated its online configurator to confirm that all Model 3 trims and configurations have access to the full $7,500 tax credit.Īs the base Model 3 retails for $40,240, this change means it now starts at $32,740 after federal incentives. It’s unclear how they achieved that, but it does bring the price of the Model 3 down to ~$30,000 for those who can take advantage of the tax credit.Īs we previously reported, buyers of new Tesla vehicles had access to a new and updated federal tax credit for electric vehicles since the start of the year. Tesla surprises the market by confirming that buyers of its cheapest Model 3 now have access to the full $7,500 federal tax credit for electric vehicles instead of the previous $3,750. ![]()
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