Now is the worst time to buy a Tesla — here’s why

If you’re finding yourself in the mood to buy a shiny new electric Tesla, I’m telling you now that you’re potentially making a huge mistake. While I wouldn’t normally discourage people from switching to an electric car, there is a very good reason why you shouldn’t buy a Tesla right now. Certainly not one of the cheaper models, anyway.

It all comes down to the Clean Vehicle Credit, also known as the federal EV tax credit. Worth up to $7,500, this credit can make a serious dent in the cost of buying an electric car. Eligibility criteria also happens to be changing, allowing drivers to claim the tax credit on cars that are currently ineligible — Tesla included.

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