Five-seater Model Ys now qualify for federal tax credits.
Today’s changes put the prices of the Model 3 and Model Y below the listed price they were at before Tesla’s initial big price hikes almost a year ago. EV researcher Troy Teslike has compiled a list showing the price changes in the US, with the Model Y long range now $13,000 cheaper before the tax credit and $20,500 cheaper including the credit. That’s a 31 percent discount in total after the tax credit.
The price cuts also mean that the five-seater version of the Model Y will now qualify for the $7,500 federal tax credit. Before the cut, the IRS released a list of vehicles that would qualify for the new incentive, and five-seater versions of Tesla’s popular Model Y
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