TESLA IS OFFICIALLY LOSING HALF $7,500 TAX CREDIT ON TWO MODEL 3 TRIMS

Summary from the TLDR newsletter

Tesla has confirmed that it will lose half of the $7,500 tax credit on the Model 3 Rear-Wheel-Drive and Model 3 Long Range from next year. The eligibility criteria for the $7,500 federal tax credit have changed to include things like price and source of components. The battery material criteria are becoming more strict to include more batteries and materials built in North America. This will likely be helpful for Tesla in Q4 as they are trying to sell a record number of vehicles to deliver on its annual guidance.