Elon Musk may have over-anticipated demand for Tesla's lowest-priced model, which was discounted early this year to qualify for federal tax credits that may end after March.
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The Austin-based company also appears to have many Model 3s available immediately in most major U.S. markets and is offering additional discounts of up to $900 off existing inventory in March. Tesla didn’t respond to an email inquiry about its inventory situation. Tesla is the world’s biggest EV brand but the arrival of new models from companies including General Motors, Ford, Volkswagen, Hyundai and Kia, and startups such as Rivian are expanding the market at Tesla’s expense.
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