Tesla this year has dropped the starting price of the Model X to $79,990 — a $41,000 reduction from the start of the year — to get federal tax credits.
,” the chief executive officer said during a Wall Street Journal conference. When asked if his opposition had anything to do with the effect this would have on competitors, Musk replied: “Maybe they need it, I don’t know.”
With the Inflation Reduction Act, Biden discarded a cap on how many vehicles each automaker could sell before the credits began to wind down. The administration also set maximum retail prices at $80,000 for electric SUVs, vans and pickups, and $55,000 for cars.
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