Take heart, prospective Tesla buyers alarmed by the probable $100,000-plus price tag for the company’s new Model X: You may qualify for a $25,000 tax break.
Tesla has confirmed reports that the falcon-winged all-electric SUV, because of its gross vehicular weight, may qualify for a federal tax break designed for heavy equipment.
The tax break was originally intended to encourage farmers to invest in their businesses by spending more freely on equipment. A weight of 6,000 pounds was set as the limit. Vehicles weighing less, which includes most passenger cars and many light trucks, did not qualify.
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