Tesla's price cuts trigger a serious surge in buyer interest
, Tesla's cars will now compete with EVs marketed to mainstream buyers. The price cuts also allow Tesla's vehicles to qualify for an additional $7,500 tax credit on new EVs as part of the Biden administration's Inflation Reduction Act, another draw for shoppers.later this year, Edmunds analyst Ivan Drury advises interested Tesla buyers to act now, lest the deals dry up. EV customers on wait lists with uncertain timelines may want to consider snapping up a Tesla instead, he said.
"Now is the time to research vehicle inventory, secure financing, and determine how current and upcoming EV tax credits will impact your purchase," Drury wrote in the note."Price cuts of 20% or more, with incentives, nationwide don't come around often, so acting now is in your best interest before any corrections in the opposite direction."
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