Under a major tax revamp past year passed by the republican controlled U.S. congress, the cost of electric vehicles for the first 2,00,000 vehicles, by an individual automaker, had been reduced by 50 percent every six months, until the phase passes out.
According to the analyst, " Tesla has evolved into one of the most dynamic technology innovators over the last 30 years and, in our opinion, has put itself into an esteemed category of companies such as Apple and Amazon that have revolutionized consumer buying habits and behaviors over the last decade".
Tesla shares (NASDAQ:TSLA) are showing some signs of recovery on Wednesday, as the Model 3's demand received a favorable outlook from Wall Street.
Tesla at the time said it was "absorbing a significant part of the tariff to help make cars more affordable for customers in China".
Ives highlighted that Tesla's capital needs have been an ongoing issue for the company ever since it went public in 2010.
Use Christmas To Embrace Jesus Christ - CACI | Social
COAS General Bajwa joined the Christian community at Christ Church, Rawalpindi for Christmas festivities. On this occasion, I join my Christian brethren and sisters to pray for peace and harmony in the world.
Paul Pogba 'so happy' with Manchester United win
After a 4-0 win against Norwich, the Welshman rung the changes for a home game against Sunderland. "It's a day I'll never forget". It was the first time United scored 5 goals in a game since Ferguson's last match as United their manager.
Asian markets slump after Fed hikes rates
Meeting for the last time this year, USA central bank policymakers increased the key interest rate for a fourth time in 2018. That move sent the yield on 10-year Treasury notes lower to 2.756 percent from a recent high of 3.238 percent in November.
Beginning in July of 2019, the federal tax credit for new Tesla purchases will drop down to $1,875.
Ives also believes that Tesla's recent price cuts in China will bode well for boosting overall sales.
The stock of Tesla has been on a roller coaster in the current fiscal year.
As of writing, Tesla shares are trading up +.53% at $296.95.
Will Tesla start leasing Model 3 to increase demand in the United States or will the company bank on Europe and China to keep its assembly line running 24/7, please let us know your opinion in the comments section.
The company has also announced price cuts in the month of November for two of its models.