Trump may end the $7,500 EV tax credit. Elon Musk and Tesla would reap the rewards
The $7,500 tax credit for buyers of electric vehicles could be vanishing early in the new Trump administration, but that might actually be good news for Tesla and its CEO Elon Musk, one of President-elect Donald Trump’s most prominent backers.
Some EVs only qualify for half of that amount, but anybody receiving a tax credit for a Tesla will get the full $7,500. Here's every currently available Tesla that you can get a tax credit for ...
Whoa, heavy, man. The 5,441-pound Tesla Model X will be eligible for a massive $25,000-tax deduction from the IRS, if you own your own business. To qualify for a Section 179 tax break, the IRS ...
The Tesla Model Y is the best selling EV in the U.S., making it one of the most impacted vehicles if the $7,500 federal tax credit is changed or eliminated. But any EV currently eligible for the ...
These three limitations affect federal EV tax credit eligibility for purchases and financing. Hence Tesla is able to offer a $999/month lease with 10,000 miles. But that tax credit available for ...
Over the last 16 years, Musk's business deals with the government total nearly $20 billion, according to federal contracting ...
Tesla announced U.S. price cuts to all its models, ranging from $3,000 to $11,000. There are multiple reasons for the cuts, including slowing sales, an EV tax credit and more competition.
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