The Model 3 is a great car, with a long range, a sleek design, and a luxurious interior. It’s also one of the safest cars on the road. Now that it’s more affordable, it’s a no-brainer for anyone looking for a new car.
The Tesla Model 3 just became less expensive than the price of Toyota Camry in California thanks to the company’s confirmation that each of the all-electric sedan’s trim levels qualifies for the full $7,500 tax credit.
Late last week, Tesla changed the language on its Model 3 Design Studio to reflect updated tax credit qualifications, indicating that all three configurations of the sedan qualified for the full tax credit amount.
Previously, only one variant, the Performance trim, qualified for the full amount, while the other two builds were only set to receive half, of $3,750, of the total credit.
The updated credit amount, when combined with local incentive amounts in some regions, like California, is helping Tesla vehicles reach price parity with gas cars. In some instances, they’re even undercutting the cost of some of the most popular sedans on the market in California, like the Toyota Camry.
Reuters reported earlier today that the FuelEconomy.gov website has officially updated its website to reflect the new Model 3 tax credit qualifications, which are enabled through the use of domestic battery packs in the vehicles.
Previously, the lower two configurations of the Model 3 used batteries built in China. When the Model 3’s Rear-Wheel-Drive trim level is purchased at its sticker price of$40,240, the federal tax credit of $7,500 and the California tax rebate of $7,500, brings the price down to $25,240, which undercuts the cost of the Camry, which is listed at$26,320 in its entry-level configuration.
While other automakers are saying that price parity won’t come until the end of the decade, Tesla has seemingly already reached it with certain trim levels.
The inclusion of the Model 3 receiving the full tax credit across the board is not only a huge disadvantage to competing EV makers, but also to the big petrol companies that have yet to source their vehicles completely from domestic regions that can’t offer comparable prices due to lack of scalability.
Tesla’s lead continues to grow with developments like this, and it is only a wonder of how long it will take for other companies to catch up. Here are some of the other irresistible points about the Tesla Model 3 now being cheaper than the Toyota Camry:
• The Model 3 is now eligible for the $7,500 federal tax credit for electric vehicles. This brings the effective price of the car down to even lower levels.
• Tesla has been steadily increasing the range of the Model 3. The base model now has a range of 267 miles, while the Long Range model has a range of 358 miles.
• Tesla has been expanding its Supercharger network, making it easier for Model 3 owners to travel long distances without having to worry about running out of power. If you’re in the market for a new car, the Tesla Model 3 is definitely worth considering. It’s a great car, and it’s now more affordable than ever.
so far more affordable than the Toyota Camry let me know your thoughts what do you think about this let me know in the comment section below friends Tesla just had a wow moment in China look at Tesla’s sales growth in China in May 2023 Tesla sold over 77 000 vehicles in China.
Which is a 26.8 percent increase from April 2023. this is the highest monthly sales figure for Tesla in China and it is a testament to the popularity of Tesla electric vehicles in the country there are few reasons for Tesla’s strong sales performance in China.
First, the Chinese government is subsidizing the purchase of electric vehicles which makes Tesla vehicles more affordable for Chinese car buyers second Tesla has been investing heavily in its production capacity at Gigafactory Shanghai in China
Which has helped to meet the growing demand for its electric vehicles in the country third Tesla has been expanding its network of superchargers in China which makes it easy easier for Chinese consumers or car buyers to own and operate an electric vehicle in China forgive me for using that word consumer.
Because I don’t really like it I would rather say Florida so Tesla has been expanding its network of superchargers in China which makes it easier for Chinese car buyers to own and operate an electric vehicle there Tesla’s strong sales performance in China friends is a positive sign for the company.
China is the world’s largest Automotive market and Tesla’s success in China could help to boost its Global sales additionally Tesla’s success in China could help to pave the way for the company to enter other major markets in Asia such as India and Japan.
Now here are a couple of more important points that I would like to share with you Tesla says in China have grown by over 200 percent in the past year Tesla is now the best-selling electric vehicle maker in China Tesla Gigafactory Shanghai is the company’s largest production facility.
Tesla is planning to build a second gigafactory in China or at least expand its gigafactory in China now Tesla’s success in China is a major achievement for the company it is a testament to Tesla’s Innovative products a strong brand and its effective marketing strategy.
Tesla success in China is also a sign of the growing popularity of electric vehicles around the world what are your thoughts on the China wow moment for Tesla let me know your thoughts in the comment section below I think Tesla is testing and calibrating cyber trucks production line.
These casting images show Friends I’m seeing and learning about some very unique things regarding the Tesla cyber truck and want to share with you here guys yesterday Tesla Giga Texas drone operator Joe techmeyer shared some very strange casting images from Giga Texas
Which were neither modeled why nor model 3. I asked Joe what they are and he said they belong to Cybertron listen to what Joe told me and after I caught him I will tell you the real significance of these images and what Tesla may be very likely doing with the Cyber truck.
This is going to be very revealing so Joe told me rare casting tests for the Cyber truck are shown in these images these castings are in their bear form and haven’t undergone the removal of excess flashing these tests are likely among the initial casting trials conducted at the 9k Giga Texas facility.
It’s speculative but this could end indicate that test testing and calibration of production line machinery and related equipment are currently on their way at Tesla Giga Texas taking it on the timeline for model-wide production line set up at Giga Texas.
It is assumed that production line testing of the cyber truck and calibration commenced in May the first complete assembly test of the cyber truck will probably occur in July or August initially on a small scale with a limited number of vehicles some of these test units may be sent for NHTSA crash.
Testing during this timeline it is important to note that similar testing might already be in progress for cyber trucks produced at the Fremont pilot line.
But it may be necessary to conduct tests specifically for the Giga taxes produced versions as well following these steps final preparation will be made to start delivering sellable cyber trucks sometime between September and October of 2023.
If these assumptions hold true Tesla should be able to meet the delivery event they mentioned which is expected to take place in the fourth quarter of this year now the significance of what Joe told me regarding the Cyber truck lies in the information shared
About the progress and potential timeline for its production at the Tesla Giga Texas facility here are the some of the key points Joe told me rare casting tests the images should depict the rare castings of the Cybertron which are undergoing testing and evaluation.
This indicates that Tesla is actively working on the production of the vehicle’s testings second testing and calibration the mention of testing and calibration by Joe suggests that Tesla is 5 fine-tuning the production line machinery and related equipment at Giga Texas.
This is an important step to ensure efficient and high-quality Manufacturing third production timeline assumptions based on the timeline of model-wide production at Giga Texas the author assumes I mean Joe assumes that production outline testing and calibrating began at Giga Texas in mid-may
I refer to the production line and testing and calibrating of the cyber truck they speculate that the first test assembly of the cyber truck may occur in July or August with preparations for sellable units sellable electric trucks from Tesla to be completed between September and October of 2023
And finally, the fourth point that Joe is telling is the delivery event and order for Target Tesla has mentioned a delivery event for the Cybertron in the fourth quarter of the year the text suggests I mean he which he says suggests that if the Assumptions timeline is accurate Tesla should be on track to meet this target so what do you think friends are you excited that cyber truck
- Take a look inside Elon Musk’s $70 million private jet, which he says is the only exception to his disdain of luxuries like yachts and vacations
- “I Studied Tesla in University”: Nigerian Man Converts Petrol Vehicle to Electric, Says It Does Not Make Noise
- Elon Musk Reveals SpaceX Is Making Major New Changes To Starship
- Linda Yaccarino to take over as new Twitter CEO on Monday hires key aide
Information Source:-Torque News