Congress May Give Tesla Buyers 400,000 More $7,000 Tax Credits

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Once upon a time, federal income tax credits for car buyers buying electric cars — ranging as high as $7,500 for a single car — helped to make Tesla (NASDAQ: TSLA) the success story it has become.

However, because those credits phase out as a car manufacturer approaches 200,000 units sold — and because Tesla has been so successful selling electric cars — it’s been more than a year since a Tesla customer booked a tax credit on a Model S, Model 3, Model X, or Model Y.  

Image source: Tesla.

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