Categories: Stock Market

Tesla says Model 3 consumer tax credits likely to be reduced after Dec.31 By Reuters


© Reuters. FILE PHOTO: Tesla Model 3 vehicles are seen for sale at a Tesla facility in Fremont, California, U.S., May 23, 2023. REUTERS/Carlos Barria/File Photo

SAN FRANCISCO (Reuters) – Tesla (NASDAQ:) said the $7,500 federal tax credits for its Model 3 electric vehicles are likely to be reduced after Dec. 31, according to its website.

The move will come after the U.S. government said in June that all Tesla Model 3 vehicles qualify for the full consumer tax credits after two of the three versions were eligible for half the credits.

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