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Tesla shares are up 2.6% on Wall Street, after hitting peaks of 4% and levels not seen since October 2022.
Driving the headline is news that all versions of the Model 3 sedan now qualify for the full $7,500 federal electric vehicle tax credit. Previously, the cheaper Model 3 Rear-Wheel Drive (RWD) version qualified for half the amount. Now this model can be purchased for a price of $22,830, combining federal and state incentives.
Tesla stock is on track for its ninth straight day of gains, the longest streak since January 2021.