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tesla: Tesla taps Biden tax credits to offset EV price cuts

Tesla CEO Elon Musk is ready to cut electric car prices again to drive sales if the economy swoons, and part of the reason is a bonanza from Biden administration tax credits.

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Tesla taps Biden tax credits to offset EV price cuts, Auto News, ET Auto

Tesla CEO Elon Musk is ready to cut electric car prices again to drive sales if the economy swoons, and part of the reason is a bonanza from Biden administration tax credits.

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Tesla s Price War Hurting More Than Ever, but Elon Musk Isn t Ready to Give up

"If market conditions are stable, I think prices will be stable," Elon Musk said. "If they're not stable, then we would have lower prices."

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Elon Musk s Tesla Just Lost a Whopping $140B in Market Value

Wall Street has soured on Musk's EV maker after it posted disappointing first-quarter sales and profit numbers.

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Tesla Cuts Vehicle Prices For Fourth Time In A Year: Model Y, Model 3 Become Cheaper

Commenting on the price cut of vehicles, Tesla CEO Elon Musk said it is better to shift a large number of cars at lower margins and harvest that margin in the future.

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