Tesla's Model Y could fall foul of new EV tax credit eligibility rules

Certain variants of Tesla's Model Y may not qualify for the $7,500 federal EV tax credit based on the IRS's latest guidelines, a situation that Elon Musk has called "messed up." It looks as though the five-seat Long Range version of the hatchback is too expensive as a car and not considered an SUV, so it falls outside the current guidelines. That could change, though, as the rules won't be finalized until March 2023. The IRS has divided vehicles into two categories: vans, SUVs and pickup trucks ...