What is the current assessment of the likelihood of Tesla vehicles again qualifying for the the $7,500 US federal government tax credit or possibly $10,000 if including made in America provision? What purchase/pickup date would one have to have to qualify for the credit? I've seen various thoughts on whether that would be retroactive to late May, the date the legislation passes, or not until January 1, 2022. Assuming it could go into effect in July/August (passing this summer) why would anyone be purchasing a car now unless literally have nothing else to drive, his or her tax liability won't require the credit, certain it will take months to get the car with the increased demand the credit will drive, and/or Tesla will generally raise the price to offset much/all of the credit? I am currently in the 8 - 12 week window (placed M3 order at end of May) and want the car now but can't imagine my frustration if I had waited a couple of weeks/month and would have had a massive tax benefit.
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2021 EV Tax Credit
- Thread starter DLK1974VA
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MontyFloyd
Member
It may be beneficial for Tesla to have the MY and MX classified in that same category (although there could be reasons not to, will not insist)
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You don't need an accounting trick or order cancellation. If your car is scheduled to be delivered this year, just call up Tesla and tell them to put your delivery on hold until Jan 1st. The order date doesn't matter, only the delivery date matters for the tax credit.
I have my delivery on hold. I'm not in a huge rush to get the car, so I'm fine waiting a few more months for a chance at the tax credit.
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The bill would have to pass this year to go to effect Jan 1st right, since it wouldn't be retroactive?
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The Tesla EV Tax Credit
The Clean Energy Act for America would have a positive impact on Tesla by making most Tesla cars eligible for an $8,000 (House version) or $10,000 (Senate version) refundable tax credit and handicapping Chinese EVs from entering the US market. However, Tesla does not employ unionized labor, so...
www.voltequity.com
This claims that the 7500 could be lifted retroactively :O
Or is that fake news lol
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Spidey616
Member
That’s a previous version of the legislation. It’s not the current.The Tesla EV Tax Credit
The Clean Energy Act for America would have a positive impact on Tesla by making most Tesla cars eligible for an $8,000 (House version) or $10,000 (Senate version) refundable tax credit and handicapping Chinese EVs from entering the US market. However, Tesla does not employ unionized labor, so...
This claims that the 7500 could be lifted retroactively :O
Or is that fake news lol
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0
t.e.s.l.a_dude
Member
This is now as of October 8th including both Senate and House versions. Is there a newer version?
www.voltequity.com
The Tesla EV Tax Credit
The Clean Energy Act for America would have a positive impact on Tesla by making most Tesla cars eligible for an $8,000 (House version) or $10,000 (Senate version) refundable tax credit and handicapping Chinese EVs from entering the US market. However, Tesla does not employ unionized labor, so...
www.voltequity.com
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Terminator857
Active Member
There is a lie being told in the news. The lie is that they are negotiating and close to an agreement. The truth is: Sinema is not on board and all 50 democratic senators need to be on board. Manchin does seem to be on board so they have 49 votes.
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Spidey616
Member
That’s the most recent I’ve seen.This is now as of October 8th including both Senate and House versions. Is there a newer version?
The Tesla EV Tax Credit
The Clean Energy Act for America would have a positive impact on Tesla by making most Tesla cars eligible for an $8,000 (House version) or $10,000 (Senate version) refundable tax credit and handicapping Chinese EVs from entering the US market. However, Tesla does not employ unionized labor, so...
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With the $55k for sedans limit it looks like the M3LR will be $40k (credit) and the Performance will be $58k (no credit). I wonder if there will be any price adjustments by Tesla to the Performance to make it qualify. Would be nice to get one for $45k. Or will people be willing to pay an $18k premium for the performance?
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t.e.s.l.a_dude
Member
The limits seem to be fluid in the Senate and House versions, let's see which version or an alternate will pass. But as you said, if the House version passes, then the Performance will indeed have a big price delta compared to the LR
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