Tesla announces subsidy policy: Model 3 price significantly reduced!

Tesla’s stock price has experienced a wave of “recovery” market conditions this year, specifically on June 8. Tesla has achieved nine consecutive trading days of gains since 2021, setting a record for the longest rally, according to the latest report. As of the close of trading on June 7, Eastern Time, Tesla's stock price was US$224.57, an increase of US$3.26, or 1.47%, from the previous trading day. Tesla had a strong performance in May, with its stock price rising 24.11%, resulting in an increase in market value of US$125.57 billion.

The strong recovery in Tesla’s stock price is due to a series of good news. As far as the editor understands, Tesla recently announced on its official website that its Model All versions of the 3 model are eligible for the $7,500 federal electric vehicle tax credit. This policy has reduced the post-subsidized price of the car in the United States to US$32,740, which is close to the lowest price in the country. This move has greatly improved Tesla's competitiveness in the US market.

Previously, Tesla’s stock price rose by 4% during Tesla CEO Musk’s visit to China. The market is generally optimistic about Tesla's future development prospects in China. Tesla's sales in China have gained huge opportunities because the country's new energy vehicle market has developed rapidly in recent years. According to the editor's understanding, Tesla plans to build another energy storage power plant in China to expand its new energy market share, which will bring greater development opportunities to Tesla.

Judging from the recent rise in Tesla’s stock price, the market is confident in the company’s prospects. By increasing investment in the Chinese market and launching preferential policies, Tesla has further strengthened its position in global competition. As global demand for clean energy and electric vehicles continues to increase, Tesla is poised to continue to provide leadership in the industry and achieve further growth and success.

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