Does Tesla stock surge higher as Model Y EV tax credit eligibility is increased by the IRS?
The Internal Revenue Service (IRS) recently expanded th
e eligibility requirements for a tax credit on the purchase of.
Tesla's Model Y electric vehicle, which sent the co
mpany's stock soaring.
The tax credit for electric car owners has specifically been expanded to include owner
s with adjusted gross incomes up to.
$150,000, thus expanding the pool of consumers who are eligible for this credit.
This new rule, which the IRS announced on October 23rd, would
surely increase Tesla sales and raise the value of the.
company's shares. In addition, Tesla ha
s stated that it would introduce new autonomous driving technology this year,
which will certainly influence the performance of the Te
stock. Overall, it seems that Tesla stock is in a solid posit
ion to do well over the near to medium term