It’s rough timing for Tesla. Just as Elon Musk’s automaker has started to hit its stride – churning out Model 3s, outselling Audi and Cadillac, making a profit – the federal tax credit that can knock $7,500 off the price of its electric cars is expiring.
That credit, established in 2008, starts to phase out once a manufacturer sells 200,000 fully or plug-in electric vehicles in the US. Tesla hit that milestone in July, boosted by the recent ramp-up of Model 3 production.
