The US government gives welfare: Tesla Model 3 models are entitled to a $7500 tax credit.

According to the news on the evening of June 6, Beijing time, the US government confirmed today that all Model 3 models owned by Tesla are now eligible for a $7500 electric vehicle tax credit.

The tax credit for electric cars in the United States is up to $7500, but since April this year, the United States has tightened subsidies for electric vehicles, and only 10 electric vehicles are eligible for the tax credit.

For Tesla, only the Model Y and Model 3 high-performance versions get a full subsidy of $7500, while other models get half the discount, or $3750.

The Biden administration confirmed today that all Model 3 models can now enjoy a subsidy of $7500. Obviously, this further reduces the cost of car purchase for users and helps Tesla to further increase his market share in the United States.

In fact, Tesla announced earlier on his US website that all Model 3 models are entitled to a full $7500 federal tax credit. After enjoying the tax credit, the price of the entry-level Model 3 starts at $32740.

Affected by this, Morgan Stanley today reiterated the "overweight" rating of Tesla stock, setting the target share price at $200.

"Today, the electric car industry is facing a price war, falling profit margins and a slowing market," Morgan Stanley analysts said in a report. Tesla may continue to spend money if he does not enjoy these government subsidies. "

But Morgan Stanley also pointed out: "Tesla is still in the most favorable position in the market. To this end, continue to maintain its stock 'overweight' rating."