In the new world that started with the coronavirus, chip problems and many financial problems also occurred. With the outbreak of the Ukraine-Russian war, the automobile industry was badly affected by this situation. Higher prices have made it difficult for people to buy cars, just at a time like this, Tesla is now reducing its prices.
According to updates to its website that TechCrunch noticed, Tesla has reduced the prices of its high-end Model S and Model X electric vehicles by $5,000 (5.2%) and $10,000 (9.1%). This might not be a huge price cut for you but at the end of the day 10.000 dollars is a considerably good discout.
The Model X has decreased $21,000 from $120,990 at the start of the year to just $99,990 at this moment thanks to the company's second price cut this year. The Model S, on the other hand, has seen a significant $15,000 decrease since January 1st, going from $104,990 to $89,990. Thanks to Tesla's January price reductions on those EVs, the majority of Model 3 and Y cars do qualify for the rebates.
Thanks to Tesla's January price reductions on those EVs, the majority of Model 3 and Y cars do qualify for the rebates. (Remember that since it's a "nonrefundable" tax credit, you can only take advantage of it if you owe at least $7,500 in federal taxes.) However, the regulations will change after mid-March, and many EVs that presently qualify might lose their eligibility.