Tesla’s new low-cost model is likely to offer sizable savings, notwithstanding the possibility of the Trump administration axing the $7,500 federal EV tax credit. To wit, Cantor Fitzgerald analyst Andres Sheppard believes Tesla will price its new low-cost model, due for launch in H1 2025, at around $30,000, inclusive of US federal EV tax credits. This means that the vehicle would cost ~$37,500 without this critical federal incentive. For comparison, the base version of the Model 3 (LR RWD) currently starts retailing at $44,130. As such, the new model is expected to be around 32 percent cheaper than the base version […]
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