What's the End of the EV Tax Credit Mean for Tesla? Listen to Elon Musk.

Tesla (NASDAQ: TSLA) has been a great American success story, but the company has received a significant assist from the government over its history, including more than $11 billion in regulatory tax credits over its history and a crucial low-interest loan from the Department of Energy when it was just getting started. Perhaps the best-known government handout Tesla has benefited from is the $7,500 electric vehicle (EV) tax credit, which slashed prices on some of its vehicles by 20% or even more in some cases. The credit gained prominence in 2022 as part of the Inflation Reduction Act designed to encourage Americans to replace gas-powered vehicles with EVs, but it expired on Sept. 30, and the move is expected to rock the EV market.In fact, EV sales have soared in anticipation of the end of the discount. Cox Automotive reported that third-quarter EV sales are up 21.1% from a year ago, and there were other signs of a boom before the deadline as well. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool