The First $4,000 Tax Credit Is Available On Used Electric Vehicle Purchase Passes, But New Teslas Are Not Eligible For The Larger $7,500 Rebate.

The Senate just passed a $740 billion bill on tax reform, climate change, and lower health care costs, so Tesla could continue to receive big government benefits. The huge climate section of USD 370 billion includes newly issued credits for the purchase of used electric vehicles or automobiles. Source: www.notebookcheck.net

Tesla Model Y Ranks Among The Top 10 Best-selling Cars In The US In 2022

Updated at 11:51 a.m. ET: Paragraph 9 updated for accuracy. According to the data, Tesla Model Y has made it to the list of top 10 best-selling cars in the United States. With 252,000 units sold in the US in 2022, the Tesla Model Y became the 6th best-selling vehicle in the US. Source: www.teslarati.com

Tesla’s Used Car Prices Are Plummeting, But Doug DeMuro Says Elon Musk Isn’t The Main Blame

Used Tesla car prices are “down like a stone,” but one of social media’s most popular car critics has a theory about why. But that’s not what everyone assumes. Doug DeMuro has test driven just about every four-wheeler you can find on U.S. roads, and… Source: fortune.com

Rising Financing Costs And Falling Values ​​put Buyers At Risk Of Flipping Their Auto Loans Upside Down

Customers who buy cars now are at risk of defaulting on their car loans, analysts warn. As car values ​​fall, financing costs are rising. “What we’re seeing is just the tip of the negative equity iceberg,” said Edmunds analyst Ivan Drury. If you recently took out a loan to purchase a car, Source: www.usatoday.com