July 1 was an important day for all of the electric vehicle manufacturers. The federal tax incentive for purchasing electric vehicles was cut in half, from $3,750 to $1,875.

Tesla Hides a Price Cut

Along with this price-cut came no change in Tesla Model 3 lease deals. In other words, the price to purchase a Tesla Model 3 went up but lease payments did not. That is effectively a price-cut and one that has not been advertised.

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