A new, faster car called the Model 3 Performance costs $53,000. It can get a special discount from the government that makes it cheaper to buy. But if you choose to rent this car instead of buying it, there is another discount that can make it even cheaper. So, renting might be better and cost less money in the end. The boss of the company, Elon Musk, says the rules for getting these discounts are confusing and has a funny name. Read from source...
1. The article title is misleading and sensationalized, implying that leasing a Long Range Model 3 might be cheaper than buying the Performance one, but without considering the total cost of ownership over time.
2. The article does not provide clear information on how the tax credits work or what are the eligibility criteria for each version of the Model 3 under the Inflation Reduction Act (IRA).
3. The article fails to mention that the IRA also provides a $7,500 EV lease incentive for rear-wheel drive and Long Range models, which could make them more affordable than buying or leasing the Performance one without tax credits.
4. The article quotes Elon Musk's sarcastic remarks on the IRA name and the Irish Republican Army (IRA) as a source of humor, but does not address the serious implications of the act for EV consumers and manufacturers.