Tesla set to introduce the new Model Y EV next March

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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.

On its website of China, Tesla the electric auto maker stated on Wednesday that for the certain specific Model 3 sedan the company has dropped the prices by nearly 7.6 percent.

Tesla production should have all mid-range Model 3 orders delivered by year end, although "it will be tight", Tesla CEO Elon Musk said via Twitter Saturday.

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.

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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.

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