Tesla Introduces New Incentives to Boost US EV Sales Amid Federal Tax Credit Expiration

Tesla, the leading electric vehicle manufacturer in the United States, has unveiled a series of incentives and discounts aimed at stimulating sales in the domestic market. This move comes as the federal tax credit for electric vehicles, which has been instrumental in making EVs more accessible to the average American consumer, is set to expire. The tax credit, offering up to $7,500, has significantly benefited Tesla, with consumers saving over $1.5 billion on Tesla vehicles through the program.

The expiration of the federal tax credit poses a challenge not only for Tesla but also for other EV manufacturers like Massimo Group (NASDAQ: MAMO), who must now devise strategies to maintain their sales momentum in the US market. Tesla's latest incentives are a proactive measure to address this impending challenge, ensuring the company remains competitive and continues to lead the EV sector.