's Model 3 vehicle is now cheaper than a Toyota Camry in due to Elon Musk-owned company confirming the sedan qualifies for a $7,500 tax cut.The all-electric vehicle starts at $40,240, but the rebate knocks it down to $25,240, while the Japanese-made car lists at $26,320 or higher.Tesla updated its website Friday to reflect the tax cut, and on Tuesday, the Biden administration confirmed that all Tesla Model 3 vehicles now qualify for electric vehicle consumer tax credits.
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