“Tax credit will reduce to $3,750 for Model 3 Rear-Wheel Drive and Model 3 Long Range on Jan 1, 2024. Take delivery by Dec 31 for full tax credit.”
Tesla announced the cut in an overnight update to its design studio, with no reason given. The likely culprit is battery components that fail the stricter 2024 sourcing rules. The deadline lands right as Tesla scrambles for a record quarter to hit its annual guidance. A tax credit cut became a December sales countdown.