Tesla Model 3 Price Drops with Tax Credits, Becomes More Affordable.

Tesla's Model 3 Rear-Wheel Drive (RWD) version now qualifies for the full federal EV tax credit of $7,500, making it available for as little as $22,830 in Southern California when combining federal and state incentives. The federal government mandates that 40% of the critical minerals be extracted in the US or a country with a free trade agreement, and 50% of the value of the battery components must be manufactured or assembled in North America. Tesla investors and analysts are looking for its gen-3 vehicle platform to open up a whole new market of middle-class and younger buyers to EVs.