6/27 Invites

[M109Rider]

It should also be in the mail that was sent.

$2,500 Order Payment
$1,000 Reservation Payment
Total amount paid: $3,500

Or for Canadians $4,200

 

[ChrisH]

So here's my hunch. They know the approximate pick up rate for the RWD version of the car. I'm guessing they have a decent backlog of these that they will claim shipping logistics with the sudden increase in production slowed their distribution, but will say they worked that out and deliver those quickly.

The line will then be devoted to AWD and performance vehicles now that they can manufacture those in high numbers.

I'm guessing they have an estimate on how many will get these. If we are really at 5k a week, we will see 100,000 more 3s in this delivery window.

I also don't think the SR version is a big conspiracy (not saying you said it, but others have). They said this was their big issue, it took them over 6 months to redesign and implement the new line. They wouldn't have started the design of the SR battery until that design was proven. We are at that point now, so the time line shakes out to me.

I get the wait sucks. I can't believe my car hasn't completely died. But I think we're seeing the end, and I do believe they are doing their best... They need the money!

All fair points. But I don’t think they should be saying delivery in 3-5 months for someone like me who reserved in February 2018 for a LR RWD. I just don’t see how it’s possible. As others have mentioned, they need to be better at communicating with their customers. The jerky delivery estimates are no good.

And I really hope I can have an option to buy a $46,000 model 3 in the first half of next year.

 

[Darth Tater]

As I recall, the tax credit is per car purchased, not per household. Obviously, you'd need a tax liability of at least $15k to absorb the full credit if you're intending on claiming 2 full credits in a single year.

Ok, so this is not a REFUNDABLE tax credit. I thought you got the positive balance a a refund. So if I owed 2500 on taxes, I would get 5k refund, you’re saying that’s not the case?

 

[Petra]

Ok, so this is not a REFUNDABLE tax credit. I thought you got the positive balance a a refund. So if I owed 2500 on taxes, I would get 5k refund, you’re saying that’s not the case?

According to the IRS, the electric vehicle tax credit is a non-refundable credit that can't be carried forward--it's a use it or lose it credit that can't exceed your tax liability. So, if your tax liability is only $2500, then you'll only receive a credit of $2500.

There may be some AMT rules funnybusiness in there, but I can't recall since that's not something I have to deal with.

*edit* Removed 1040/-EZ/A line numbers... goofed.

 

[Trevor B]

Ok, so this is not a REFUNDABLE tax credit. I thought you got the positive balance a a refund. So if I owed 2500 on taxes, I would get 5k refund, you’re saying that’s not the case?

Nope ... that's not how it works

 

[tivoboy]

According to the IRS, the electric vehicle tax credit is a non-refundable credit that can't be carried forward--it's a use it or lose it credit that can't exceed your tax liability. So, if your tax liability (line 63 on Form 1040, line 12 on Form 1040-EZ, line 39 on Form 1040A) is only $2500, then you'll only receive a credit of $2500.

There may be some AMT rules funnybusiness in there, but I can't recall since that's not something I have to deal with.

I'm not sure its line 63, as that would include self employment taxes - which are not included in the liability for the tax credit.

 

[Petra]

I'm not sure its line 63, as that would include self employment taxes - which are not included in the liability for the tax credit.

Now I'm gonna have to go check... one of the many reasons I'm not a tax professional.

 

[Singuy]

Threw in my reservation on 6/20/2018, allowed to configure and order as of today. Deep down I don't trust the delivery window and I can potentially miss out on the 7500 tax credit. I am really considering a used Model S vs the Model 3.

 

[Singuy]

Now I'm gonna have to go check... one of the many reasons I'm not a tax professional.

Self employment tax (Payroll taxes) consist of ONLY medicare/social security tax and are not refundable ever under any circumstances(unless somehow you overpaid).

 

[hokiefan]

Put in my reservation on 4/29/2018, previous Model S owner, was able to configure today. We'll see how long it takes.

 

[Petra]

Self employment tax (Payroll taxes) consist of ONLY medicare/social security tax and are not refundable ever under any circumstances(unless somehow you overpaid).

Yeah, I was referring to checking the correct line number...

 

[BenR]

Self-employment taxes are never refundable.

However if you are claiming the vehicle for business use, the portion of the $7500 credit claimed for business use (e.g. if you use the vehicle 80% for business, then $6000) CAN be rolled over to future years if not all used in the year of purchase. I've researched this quite extensively.

I'm hoping for delivery on December 31 - or as close as possible while making sure not to go over.

Pick up the car, drive it to my "home office" = 100% business use.

 

[scottfe]

A CNBC article today says:

"Tesla is allowing all Model 3 reservation holders in North America to order their electric sedans."

Note the use of the word "ALL" and interpret that as you will. But if literally true, this could explain how the floodgates have opened up.

Tesla is asking Model 3 reservation holders for another $2,500 to order their cars

 

[ChrisH]

A CNBC article today says:

"Tesla is allowing all Model 3 reservation holders in North America to order their electric sedans."

Note the use of the word "ALL" and interpret that as you will. But if literally true, this could explain how the floodgates have opened up.

Tesla is asking Model 3 reservation holders for another $2,500 to order their cars

I think ALL reservation holders can configure as of last night but you can’t order SR yet.

 

[pokerwiththej]

Literally "all" reservation holders...

I ordered my 2nd Model 3 on Monday 06/25 after the premium internet news, and got an invite to configure today.

 

[Singuy]

Literally "all" reservation holders...

I ordered my 2nd Model 3 on Monday 06/25 after the premium internet news, and got an invite to configure today.

So you think putting up a non-refundable deposit is worth the risk of losing out on half of the rebate money? You think Tesla will reduce/reimburse the difference if there's a delay in production?

 

[towndrunk]

I got no email invite, but heard about it yesterday and it wasn't an option for me until today. Probably rushed it by ordering now, considering I wanted SAS, but what's done is done. But price dropped and I'm able to order AWD so happy with that. My wife is going to kill me.

Since my nearest store is 240 miles away, I was offered home delivery.

 

[M109Rider]

I think ALL reservation holders can configure as of last night but you can’t order SR yet.

If about 200,000 folks pulled the trigger yesterday, (I have no idea how many would have) that would equate to over half a billion in revenue for Tesla !
Very nice. They could maybe build 4 more tents with that cash, and get our LRAWD MS's on the go that much faster. !!!

Yay !!!

 

[corduroy]

Reserved 6 months ago, got an email to configure today! I haven't been following the Tesla news this week so it was pretty shocking. I have been looking at CPO Model S's lately so now I don't know what the hell I'm going to do.

 

[ord3r]

No way 200,000 people pulled the trigger.

Maybe 100,000 at most, but I'd guess 50-60k

Anecdotally I am the only one of my 7 friends with reservations that ordered.