The Model S Plaid, which previously cost $135,990, will now set the consumer back $114,990 — a 15% reduction in the sticker price.
Tesla CEO Elon Musk reportedly grew upset when the Biden administration issued guidelines last year that disqualified Model Y buyers from the tax credit because the car didn’t weigh enough to be considered an SUV.
On its website, Tesla notes that some customers are now eligible for the $7,500 federal tax credit on vehicles that will be delivered through March.AFP via Getty Images as high inflation has curbed demand for its electric cars. The company is one of many blue-chip tech stocks that have been battered by the unhospitable economic climate.Getty Images
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