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  • Tesla Buyers Hear Clock Ticking as $7,500 Credit Phases Out

    7 monthes ago - By Fortune

    The clock is ticking for Tesla Inc. customers looking for incentives on their purchase.
    The $7,500 federal tax credit for electric vehicles is set to start phasing out for the Model S, Model X, and Model 3 after Dec. 31, according to the company's website. The Palo Alto, California-based carmaker is the first to trigger the reduced incentive in the U.S.
    While tax credits have helped boost electric vehicle demand in the U.S., they remain only 1.1 percent of the market. The federal government support was designed to decline once manufacturers reach higher production levels and reduce their...
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  • Tesla slides as an unwinding tax credit means more expensive cars for customers

    Tesla slides as an unwinding tax credit means more expensive cars for customers

    7 monthes ago - By Business Insider

    A tax credit worth $7,500 for Tesla customers will end next year, the company confirmed Thursday.
    Shares of the company sank 1.6% in trading following the news.
    Also on Thursday, employees told Bloomberg Businessweek they were forced to walk through raw sewage on the factory floor.
    Follow Tesla's stock price in real-time here.
    Shares of Tesla were down 1.7% in trading Thursday after it confirmed a lucrative tax credit will end next year , making its electric cars more expensive for potential customers. Additionally, a Bloomberg Businessweek profile outlined several possible safety hazards...
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  • $7,500 federal tax credit for Tesla buyers to end Dec. 31

    7 monthes ago - By The Seattle Times

    DETROIT - Tesla Inc. says its customers won't get the full $7,500 federal electric vehicle tax credit after Dec. 31. The company says on its website that the credit on its vehicles will start to phase out next year. Under federal law, buyers get the full credit until a manufacturer reaches 200,000 in sales...
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  • Tesla customers will start losing a $7,500 tax credit in 2019

    Tesla customers will start losing a $7,500 tax credit in 2019

    7 monthes ago - By Business Insider

    Tesla has sold 200,000 electric vehicles in the US, Electrek first reported, which means its customers will start to lose access to a $7,500 tax credit.
    Tesla confirmed it had passed the 200,000 vehicle threshold to Business Insider.
    The credit will begin to phase out for Tesla customers in January 2019 and will no longer be available in January 2020.
    Tesla has sold 200,000 electric vehicles in the US, Electrek first reported, which means its customers will start to lose access to a $7,500 tax credit.
    Tesla confirmed it had passed the 200,000 vehicle threshold to Business Insider.
    The...
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