Tesla’s shares rise following launch of new Model 3 for $45,000

With U.S. tax breaks on Tesla cars set to diminish, it would be smart for potential buyers to snag one at cost-effective prices.

Following the launch of a new Tesla Model 3 version for $45,000, shares of the U.S. electric carmaker rose by 1.6% to $268.21 on pre-market trading.

Incidentally, U.S. tax breaks for TSLA cars are set to diminish.

According to TSLA’s website, the new Model 3 features rear-wheel-driving and has a “mid range” of 260 miles.

As of Thursday’s close, Tesla’s stock has fallen by around 15% this year having gained nearly 46% in 2017.

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