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Monthly Journal: Traders' Insights Wanted!
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Tesla's self-serving warning about ‘likely’ reduced tax cred...

Tesla's self-serving warning about ‘likely’ reduced tax credit on its EVs next year is just a marketing strategy to create 'urgency' for customer to buy. It's FUD to imply that Tesla is going to lose sales. In fact the writer speculated that Tesla Model Y will continue to enjoy $7,500 federal tax credit next year and the article didn't mention about Tesla's sales being affected.
Quote:
Tesla wrote in an email to owners today:
The $7,500 federal tax credit will likely decrease after December 31, 2023 for some models. New Model 3 and Model Y vehicles delivered by December 31, 2023 still qualify for the full credit.
The automaker also added this notice on its website:
Customers who take delivery of a qualified new Tesla and meet all federal requirements are eligible for a tax credit up to $7,500. Reductions likely after Dec 31.
Tesla seems to be intentionally vague here and that’s self-serving. As far as buyers know, it could be any Tesla model that could lose the full credit, and that creates some urgency to buy. My guess would be that whatever happened there is going to be reversed and likely only the base Model 3 is going to be affected.
Source:
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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