Tesla confirms hitting federal tax credit threshold, $7,500 credit cut in half at end of 2018

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After refusing to confirm the timing of the federal tax credit phase-out for months, Tesla has now confirmed that it has hit the 200,000th US delivery threshold, which triggered the phase-out period.

Tesla buyers will lose the full $7,500 credit by the end of the year unless the law is changed, hitting $3750 for the first half of 2019 and $1875 in the second half of 2019. more…

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