SAN FRANCISCO BAY AREA - TESLA CUTTING CAR PRICES
The Tesla company in San Francisco Bay Area is cutting back prices within the United States because of phasing out tax credits for customers. The autonomous electric car company customers were entitled to $7500 federal tax credit for purchasing an electric plug-in vehicle. However, effective January 1, 2019 Tesla car buyers will only get $3750 tax credit for the next six months. The anticipation is for electric car buyer's tax credit to phase-out by July and it should be gone by 2020.