Tesla Inc‘s (NASDAQ:TSLA) Model 3 sedan’s rear-wheel drive and long-range versions became ineligible for any federal EV tax credit this year following the White House’s guidance aimed at cutting down on Chinese reliance. However, the EV giant never explicitly said how much its vehicles relied on China.
What Happened: According to a new filing from the U.S. auto safety regulator National Highway Traffic Safety Administration (NHTSA), less than 50% of the content in the 2024 Model 3 is from North America. Only 35% of the Long Range and 40% of the rear-wheel drive is from either the U.S. or Canada. A majority of the remaining content comes from China for both vehicles. …
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