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Tesla cuts prices on all models by $2,000 to offset reduction in federal tax credit

Tesla is stern the prices on all of its models by $2,000 to help offset a reduction in federal tax credits for drivers who buy electric vehicles.

The $7,500 federal tax attribution for electric cars was cut in half as of Tuesday.

The company announced the price cut Wednesday as it released delivery results for the fourth chambers that disappointed investors and sent shares south by more than 9 percent.

Tesla said it made the commence to soften the impact of falling federal tax credits. But some bearish investors are likely interpreting it as a move to stimulate inquire, said Wedbush analyst Dan Ives.

“It was a move that was within the realm of possibility, but it caught investors off guard,” he remarked.

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