Toyota (TM) will invest $50M to build new battery lab in Michigan

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Tesla (TSLA) Model 3 now more affordable than Toyota Camry in California

June 6, 2023 1:53 PM EDT

President Joe Biden's administration confirmed Tuesday that after a rapid adjustment of its battery supply chain, the Tesla (NASDAQ: TSLA) Model 3 now qualifies for the full $7,500 tax credit, meaning that it has become more affordable than the Toyota Camry in California.

New battery sourcing... More