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Ford also faces challenges regarding EV incentives. The all-electric Mustang Mach-E might not qualify for upcoming federal tax credits in January, although the Model Y Long Range will continue to benefit from the full $7,500 credit.
Electrification and Cost-Management Strategies
Tesla’s ongoing efforts include price cuts and vehicle resales strategies. Recently, Tesla announced a Holiday update—though Elon Musk expressed dissatisfaction, indicating plans to "step up" their game. The update focuses on features like enhanced entertainment options, including Apple Podcasts, and possibly improvements in user experience.