2024 Model 3 LR AWD is now eligible for the $7500 tax credit [posted 06/17/2024]

[eladts]

Federal Tax Credits for Plug-in Electric and Fuel Cell Electric Vehicles Purchased in 2023 or After

Save up to $7,500 on qualifying vehicles!

fueleconomy.gov

 

[eladts]

The $7500 question is will those who bought a 2024 Model 3 LR AWD before eligibility was announced be able to claim the tax credit? According to the IRS:

The sale qualifies only if:

• You buy the vehicle new.
• The seller reports required information to you at the time of sale and to the IRS.
  • Sellers are required to report your name and taxpayer identification number to the IRS for you to be eligible to claim the credit.

Credits for new clean vehicles purchased in 2023 or after | Internal Revenue Service

You may qualify for a clean vehicle tax credit up to $7,500 if you buy a new, qualified plug-in electric vehicle or fuel cell electric vehicle.

www.irs.gov

It seems it is now up to Tesla to report these sales to the IRS. Has anyone already contacted Tesla about this?

 

[ashegam]

Are you biting?

 

[mreynolds767]

Curious if buyers from the past few months can still claim the credit when they do their 2025 taxes???

 

[scjmc]

Of course I bought mine 2 months ago….

 

[mborkow]

That means if you qualify for the Fed tax rebate, the LR is only $1k more than the RWD…I don’t see how that doesn’t tank RWD sales.

 

[Volcom]

I am curious as well.

 

[Jeremy3292]

Tesla switched back to the Panasonic 2170 cells from Nevada in the LR trim, same cells used in the P trim and all current Model Y trims.

If you already took delivery of the M3 LR your car is NOT eligible for the tax credit as it has LG cells from Korea.

 

[eladts]

Tesla switched back to the Panasonic 2170 cells from Nevada in the LR trim

Is there a source confirming that? If that's the case I would expect the range of the LR to be slightly higher.

 

[Jeremy3292]

Same as my 2021 LR when they used the Panasonic NCA 2170 cells before Model Y sales went through the roof and they had to reallocate cells. Now Model Y sales have tanked so they have excess cells.

https://twitter.com/x/status/1802787574248784378

 

[eladts]

https://twitter.com/x/status/1802787574248784378

This tweet is speculative.

So, it looks like

 

[mreynolds767]

If above is true would they not have a mix of qualify for $7500 and not qualify for $7500 mixed inventory vehicles???
based on which battery is inside the premade cars.

 

[Jeremy3292]

This tweet is speculative.

It’s not speculative. This is not fake news lol.

It’s understanding Tesla as a company and where they get cells from and what is eligible for the tax credit and what isn’t. It’s also understanding Tesla history and knowing that they used to use the 2170 Panasonic in the LR trim (aka the 2021 LR I currently have)

 

[Jeremy3292]

If above is true would they not have a mix of qualify for $7500 and not qualify for $7500 mixed inventory vehicles???
based on which battery is inside the premade cars.

Yes, some inventory cars available right now are not eligible for the tax credit.

 

[eladts]

I'm not a native English speaker, but my understanding that if you start a sentence with "So, it looks like" what follows is a speculation. I does make sense considering what we know but is not confirmed.

 

[Jeremy3292]

I'm not a native English speaker, but my understanding that if you start a sentence with "So, it look like" what follows is a speculation. I does make sense considering what we know but is not confirmed.

It won’t be “confirmed” until someone takes delivery and opens up the battery pack to be fair though. We have no way of for sure, 100% knowing otherwise.

 

[eladts]

It won’t be “confirmed” until someone takes delivery and opens up the battery pack to be fair though.

Since the capacity of the Panasonic pack is slightly higher than the capacity of the LG one, I don't think opening the pack is needed. Just take a look in service mode.

 

[Jeremy3292]

Since the capacity of the Panasonic pack is slightly higher than the capacity of the LG one, I don't think opening the pack is needed. Just take a look in service mode.

Wouldn’t that still be speculative and not “confirmed” though? To me that is no more confirmed than what we know today. Tesla could also very well software lock it to the same specs as the LG battery. Range, speed, capacity, etc.

 

[Jakub1]

This is great, there's a LR in a showroom less than an hour away from me. I have a M3P on order, but am sick of playing the EDD game and need the car by August. I'm about to pull the trigger and hopefully own a Tesla very soon.

 

[eladts]

Wouldn’t that still be speculative and not “confirmed” though? To me that is no more confirmed than what we know today.

Tesla is legally required to disclose the part content information in the Monroney Label of each car. If there is a difference between early 2024 and late 2024 cars, I would consider this a confirmation. Here is the information for my 2024 Model 3 LR AWD, delivered in May:

• US/Canada - 35%
• Mexico - 20%
• China - 40%