Shares of Tesla skyrocketed today amid word that there may be an extension to the federal tax credit for EV purchases. By the end of trading on Monday, Tesla stock was up 23 points and closed out the day at $381. Notably, the $381 closing price marks a new all-time high for Tesla shares.
As we covered a few weeks back, the ability for Tesla buyers to take advantage of a federal tax credit is slowly but surely coming to a close. Whereas Tesla buyers a few years back were able to enjoy a $7,500 tax credit, that figure has since dropped down to $1,875 and is set to expire at the end of the month.
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Tesla stock soars amid word of a new tax credit expansion originally appeared on BGR.com on Mon, 16 Dec 2019 at 19:38:42 EDT. Please see our terms for use of feeds.
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