Elon Musk has just made the most unexpected move in Tesla's history if you hold any Tesla stock or considering buying some you need to watch this full video hello everyone you're watching trade daily like And subscribe to get all the latest news on Tesla and Tesla stocks now let's get into the news we'll start this off by looking at Tesla's stock price today a share of Tesla stock is trading at 190 dollars per share up one percent at the time of recording Elon Musk and Tesla make an expected but
unwanted change the maker of electric vehicles has just raised prices less than a month after they were cut the big New Year's change didn't really last less than a month after drastically lowering the prices of its Vehicles including the very popular model 3 and model y Tesla has just changed his policy the electric vehicle maker has started to raise prices again this change particularly affects the model y SUV crossover one of its best sellers the prices of This SUV have increased between two percent and three percent
since February 4 depending on the version chosen by the consumer according to the automotive group's website the base price of the model y long range is now dollar fifty four thousand nine hundred ninety up from dollar fifty three thousand four hundred many a few hours ago the increase is therefore a 2.8 percent increase the base price of model is performance increased by 1.75 percent dollar 57 990 against dollar fifty six thousand nine hundred ninety on February 3. the company of the Whimsical and charismatic Elon Musk does
not explain the reasons which led it to change its pricing policy when Tesla get free report drastically lowered the prices of all its Vehicles by 7 to 20 on January 12. the electric vehicle maker indicated that this decision would be in place until the end of March the move was primarily intended to allow consumers purchasing all variants of the model Y and model 3 sedan to benefit from the new dollar 7500 federal tax credit in place since January 1. musk and Tesla were reacting to bad news delivered on December 30 by the treasury
Department the Internal Revenue Service which depends on the treasury had decided to adopt a definition of the SUV which excluded the model y from the vehicles eligible for the tax credit Tesla and musk like other automakers protested the IRS restriction to qualify for the federal tax credit Cars sedans and wagons needed to have a retail price of no more than dollar fifty five thousand cells on the other hand with a retail price of up to Dollar eighty thousand were entitled to a tax credit of dollars seven thousand five
hundred since the model y was not an SUV according to the IRS consumers purchasing certain variants of this vehicle could not benefit from the federal tax credit of dollar seven thousand five hundred because the base price was above dollar fifty five thousand imposed on sedans but on February 3 the treasury in the IRS reversed course and now recognize the common classification of an SUV which now makes all model wise eligible for the federal tax credit treasury is updating the vehicle classification standard to use the
consumer-facing EPA fuel economy labeling standard in announced the change will allow crossover vehicles that share similar features to be treated consistently it will also align vehicle classifications under the clean vehicle credit with the classification displayed on the vehicle label and on the consumer-facing website fuel economy.gov therefore customers who have purchased and placed in service Vehicles since January 1 that qualify under the EPA classification can claim the tax credit the government added consequently musk
and Tesla seem to feel that the New Deal no longer justifies the big January 12th price cut this decision allowed Tesla to register record orders the billionaire said on January 25. we currently are seeing orders at almost twice the rate of production so I mean that it's hard to say whether that will continue twice the rate of production but the orders are high must hold analysts on January 25. at the time a techno King as musk is known at Tesla said a Tesla has started raising the model y price again
so we think demand will be good despite probably a contraction in the automotive Market as a whole the strong demand generated by the fall and prices in January prompted the automaker based in Austin Texas to extend delivery times Tesla on the other hand lowered the price of a version of the entry level model 3 sedan the base price of the model 3 rear-wheel drive is now 1.43 490 down 1.1 percent compared to the dollar 43 990 posted February 3 according to the Tesla website and in other news Elon Musk gives San
Francisco a second chance the billionaire was just acquitted by a San Francisco jury in a Civil Trial over his 2018 tweets saying he was going to take Tesla private and that he had secured funding for it what a difference a single decision can make billionaire entrepreneur Elon Musk is ready to give a second chance to San Francisco a city he was still violently critical of until recently the mecca of tech must said was the basting of the wolf virus that had become his number one enemy for the serial entrepreneur the woke
mind virus is made up of new Progressive ideologies often symbolized by the left of the democratic party this materializes through the promotion of ESG and gender identity or pronouns he believes that ESG and pronouns are expressions of wokism that lead to cancel culture in other words to intolerance and the dictatorship of thought ESG stands for environmental social and corporate governance while pronouns points to the gender identity debate it means people have to stop assuming that gender is binary and to accept that
everyone has the right to decide how they want to be referred to he is slash him she slash her slasher or they there slash them San Francisco is the flagship Tech City of the progressive State of California is therefore the center of this woke mind virus according to musk as a result at the end of 2021 the billionaire notably moved Tesla's headquarters from California to Texas he also left Silicon Valley and now lives near Austin but the Tech Mobile was recently forced to spend more time in San Francisco
after acquiring Twitter for dollar 44 billion he's been spending a lot of time at the headquarters of the platform in the Heart of the City he was quick to attack the municipality which is in the hands of the Democrats so the city of SF attacks companies providing feds for tired employees instead of making sure kids are safe from fentanyl the billionaire posted on December 6 with a link to an article about a dad who revealed that his 10 month old baby suffered an accidental fentanyl overdose and a San Francisco
playground where are your priorities at London breed drugs are a silent epidemic in San Francisco it is hidden in the back alleys of the city center and the hotel rooms for the destitute the city's medical examiner's report released in January 2021 found that in 2020 drugs killed three times as many people as the cavade-19 pandemic most of the overdoses recorded were linked to the consumption of fentanyl a synthetic opioid must attack came as San Francisco City Hall was investigating reports of the
entrepreneur had beds set up at Twitter headquarters for employees he had asked to work long hours the billionaire who had laid off more than 5 000 of Twitter's 7 500 employees had decided to transform certain rooms into dystopian rooms his distrust of San Francisco had pushed him in January to request through his attorneys for the transfer to Texas of his Civil Trial linked to tweets from 2018 which was taking place in the tech City for the last several months the local media have saturated this district with
biased and negative stories about Mr musk Alex Spiro musk's lawyer wrote and caught filing referring to the layoffs at Twitter a substantial portion of the jury pool is likely to hold a personal and material bias against Mr musk as a result of recent layoffs at one of his companies as individual prospective jurors or their friends and relatives may have been personally impacted the request was rejected and the trial was well held in the city the verdict was handed down on February 3 and it cleared musk of allegations of fraud
that certain investors made against him related to the Billionaire's summer 2018 tweets about Tesla which was then on the verge of bankruptcy on August 7 2018 musk had written that he was mulling pulling Tesla off the stock market at a price of dollar 420 a share in particular he said that he had secured the financing for such a transaction the tweets sent shares of the electric vehicle maker soaring at the time for a brief period as a result some Tesla investors said they lost Millions however the jury in a California Court
ruled unanimously on February 3 that musk hadn't defrauded investors with his bogus claim musk was quick to react hail in the wisdom of the people thank goodness the wisdom of the people has prevailed the billionaire tweeted I am deeply appreciative of the jury's unanimous finding of innocence in the Tesla 420 take private case the Mobile's post was commented on by many Twitter users who congratulated him on this Victory one of the comments then pointed out to him that California and San Francisco in
particular was not completely lost as must have been suggesting for months see there's still hope for San Francisco the user commented it recalled the Communist School Board the Communist D.A and now look doing the right thing in your trial the Twitter user urged must to take back the city take back San Francisco in the woke mind virus Fizzles out forever you're right the billionaire responded the question now is what musk intends to do will he for example leave the headquarters of Twitter in San Francisco
or move it to another city as some of his fans suggest it is by this yardstick that we will see if the billionaire is given a second chance to the mecca of tech and with that ladies and gentlemen we've come to the end of the news like And subscribe to stay up to date with all the Tesla news but just before we go I'd do like to remind you that this video is for news and entertainment only and should not be used as investment advice
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