Tesla Model 3 Sedans Now Available in State of California For Less Than $26,000 Due to State and Federal Tax Credits

Joel Eisenberg

The stock price has substantively increased as a result.

Tesla Model 3Photo byTesla.com

Author’s Note

This article is based on corporate postings and accredited media reports. Linked information within this article is attributed to the following outlets: Tesla.com and Finance.Yahoo.com.


I write extensively about the state of California for NewsBreak. In that spirit, due to a combination of state and federal tax credits, now comes word that the Tesla Model 3 can be purchased for less than $26,000 in the state of California.

Let us explore further.

Tesla, 2023

According to a report from Finance.Yahoo.com, entitled “Tesla Stock Surges as All Model 3 Sedans Now Qualify For Full EV Tax Credit,” the price — for now — is exclusive to the titular model.

As excerpted from the report: Earlier this week Tesla announced on its website that all versions of the Model 3 sedan now qualify for the full federal EV tax credit of $7,500; previously the cheaper Model 3 Rear-Wheel Drive (RWD) version qualified for half the amount. The federal government confirmed the announcement on its fueleconomy.gov website.

The report goes on to state: In California, the state offers an even bigger incentive — a $7,500 tax rebate that depends on income and other requirements. Inclusion of both the federal and California state incentives drops the Model 3 down to $25,240 - which Reuters notes is below the cost of a new Toyota Camry (starting price: $26,320).


This is a developing story. In the event of pertinent updates to this matter, inclusive of progress and official announcements of milestone dates, I will share them here on NewsBreak.

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I am an award-winning author, screenwriter for film and television, and producer. My mission on News Break is to share socially important perspectives on both culture and pop-culture. Member of PEN America, and the WGA.

Northridge, CA

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