New rules proposed by the Department of Energy may mean a reduced, or even no, federal tax credit for electric vehicles made in North America.
Tesla (TSLA) is warning buyers that two versions of its Model 3, the rear-wheel drive and long-range model, may not be eligible to receive the full $7,500 EV tax credit in the US. Those models will still, however, be eligible for half the credit, or $3,750. Yahoo Finance Autos Reporter Pras Subramanian explains why Tesla is issuing the warning in the video above. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Tesla (TSLA) closed at $239.37 in the latest trading session, marking a +0.27% move from the prior day.