Business > U.S.

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

One year 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

One year 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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