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<blockquote data-quote="Weather Man" data-source="post: 16594368" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3674066-tesla-priced-out-of-new-uk-list-for-ev-subsidies" target="_blank">Tesla priced out of new UK list for EV subsidies</a></p><ul> <li data-xf-list-type="ul">Tesla's (NASDAQ:<a href="https://seekingalpha.com/symbol/TSLA" target="_blank">TSLA</a>) Model 3 cars will no longer qualify for an electric vehicle subsidy in the UK under new government rules that lowered the price ceiling.</li> <li data-xf-list-type="ul">The UK brought down the price of <a href="https://www.gov.uk/plug-in-car-van-grants" target="_blank">eligible autos</a> to £35K ($48.65K) from the previous level of £50K, under which most Model 3s were eligible.</li> <li data-xf-list-type="ul">The grant maximum was cut to £2,500 from £3,000.</li> <li data-xf-list-type="ul">“This sends the wrong message to the consumer, especially private customers, and to an industry challenged to meet the government’s ambition to be a world leader in the transition to zero emission mobility,” Mike Hawes, chief executive officer of the Society of Motor Manufacturers and Traders, said in a statement, according to Bloomberg.</li> <li data-xf-list-type="ul">Tesla shares are off 3% as higher yields are <a href="https://seekingalpha.com/news/3674036-nasdaq-tumbles-dow-jones-fights-the-flatline-as-inflation-pressures-mount" target="_blank">pressuring high-valuation stocks again</a>.</li> <li data-xf-list-type="ul">A climate policy expert said in a recent interview that subsidies for EV companies are <a href="https://seekingalpha.com/news/3673843-climate-expert-says-subsidies-for-tesla-and-other-ev-companies-one-of-the-worst-ways-to-cut-carbon-emissions" target="_blank">one of the worst ways to cut carbon emissions</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16594368, member: 137766"] [URL='https://seekingalpha.com/news/3674066-tesla-priced-out-of-new-uk-list-for-ev-subsidies']Tesla priced out of new UK list for EV subsidies[/URL] [LIST] [*]Tesla's (NASDAQ:[URL='https://seekingalpha.com/symbol/TSLA']TSLA[/URL]) Model 3 cars will no longer qualify for an electric vehicle subsidy in the UK under new government rules that lowered the price ceiling. [*]The UK brought down the price of [URL='https://www.gov.uk/plug-in-car-van-grants']eligible autos[/URL] to £35K ($48.65K) from the previous level of £50K, under which most Model 3s were eligible. [*]The grant maximum was cut to £2,500 from £3,000. [*]“This sends the wrong message to the consumer, especially private customers, and to an industry challenged to meet the government’s ambition to be a world leader in the transition to zero emission mobility,” Mike Hawes, chief executive officer of the Society of Motor Manufacturers and Traders, said in a statement, according to Bloomberg. [*]Tesla shares are off 3% as higher yields are [URL='https://seekingalpha.com/news/3674036-nasdaq-tumbles-dow-jones-fights-the-flatline-as-inflation-pressures-mount']pressuring high-valuation stocks again[/URL]. [*]A climate policy expert said in a recent interview that subsidies for EV companies are [URL='https://seekingalpha.com/news/3673843-climate-expert-says-subsidies-for-tesla-and-other-ev-companies-one-of-the-worst-ways-to-cut-carbon-emissions']one of the worst ways to cut carbon emissions[/URL]. [/LIST] [/QUOTE]
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