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Report says Tesla Model 3 may lose EV tax credit Still Rising Stocks.


Auto companies love it when the US government rolls out a $7,500 tax credit for electric vehicle buyers. Now the field may be uncertain about how it feels.

On Thursday, the EV . news outlet electricityciting people familiar with the matter, report that thing

Tesla

(code: TSLA) predicts that their lowest-priced Model 3 sedan will not qualify for the full $7,500 tax credit because the vehicle uses LFP . battery originated from China.

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