![]() According to its website, Tesla's lowest-priced vehicle, the Model 3, would cost $32,740 after the $7,500 federal tax credit kicks in. It had also announced its vehicles would once again be eligible for federal tax credits implemented under President Joe Biden's Inflation Reduction Act. The company will not break out global regional sales until a later financial update this month, but had earlier announced significant price cuts in China, its second-largest market after North America. The Elon Musk-led carmaker announced Sunday it had sold 466,000 vehicles worldwide - 4% higher than Wall Street estimates. Tesla reported record quarterly global auto sales after it cut prices on its autos and customers reap the benefits of renewed tax credits for purchasing its electric vehicles.
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