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Unfair? Not really. The way the credit is written right now it is not about "no tax liability" but rather this applies AFter ALL other tax credits... so you could still be making really good money, but if you were eligible for other credits, which brought down your overall tax owed at the end of the year, you are not getting full claim on it.
There will be A LOT of people in a few months who are filing taxes and will be really pissed off to find out the supposed $7,500 they were expecting, are not actually going to come.
I thought the exact same. My wife also was basically on board but we decided to exercise some willpower for once and resist the endless car swapping we seem prone to. To be totally candid I think our model 3 was a great buy but I've been taken down a peg with the insurance rates on these cars. Insurance is cripplingly high compared to similarly valued non-teslas, and resale is generally atrocious (the exit of federal credit on the RWD may mitigate this for that model, as future RWD won't benefit from it, making new less attractive).
You should not be able to claim tax credits that go beyond what your tax liability is. Otherwise this just becomes a tax payer funded rebate on those cases.
that was it's intention - it's not a 'paid for' rebate. it's a gift of government largesse for doing what govt wants you to do.
it is a taxpayer funded transfer payment, similar in nature to the government dismissal of tuition debt.
otherwise known as 'buying votes'.
sure, but that is PRECISELY what it is. lol. Federal Government taking taxpayer funds to prop up the EV industry. Tesla lives off of these subsidies. Jan 1 we are just transferring our credit to them.
Realistically, there should be none at all. =)
I pay plenty of taxes, through a number of our businesses, and you cannot buy a single one through a business with Tesla.
ucmndd
Well-Known Member
Works for me.
It's "taxpayer funded" in any case. I can't think of any good reason why this shouldn't have been a refundable credit to begin with.
ucmndd
Well-Known Member
Or, you know, incentivizing behavior that furthers our national interests and supports the common good.
The discounts already came...
I think that the confirmation that M3 will be losing fed credit and uncertainty about MY keeping them has spurred enough buying that they won't offer anything else.
I think that the confirmation that M3 will be losing fed credit and uncertainty about MY keeping them has spurred enough buying that they won't offer anything else.
ucmndd
Well-Known Member
Uhh, they're here, in force. This is as good as it's going to get. 6 months free supercharging, 10,000 referral/loyalty credits, an extra $1k off if you have a cybertruck reservation, and $3-5k off inventory cars... what exactly are you waiting for?
Return of the $500 referral credit. I charge at home so I don't care about supercharging.
ucmndd
Well-Known Member
Inventory cars are $3-5k off, all-time low prices, and you’re holding out for a $500 referral credit?
The 10k loot box credits look to be worth about $500.
Reminds me of this joke below, and yeah if $35k for a model 3 rwd isn't making somebody buy now, they aren't interested in buying.
So there's this huge flood one day, and an entire town looks like it's going to be swallowed up by the waters. And the Police and Rescue Agencies are running all over the place trying to get people to safety.
So they send the rescue boat over to this house where a guy's sitting on the roof with the water lapping around his ankles and they say "Come on, quickly, there isn't much time"
To which he says "Nah, it's ok, God will Provide"
So about an hour later they're zooming past in the boat again and they notice the guy's still there, only the water's up to his waist, almost at the top of the roof.. "Quick" they say, get in the boat, it's going to get worst before it gets better.
"Nah, don't worry - God will Provide"
An hour after that a rescue helicopter flies over the area and notices the guy, who must be standing on the peak of the roof now, with only his head and shoulders out of the water. "GRAB THE ROPE!" they cry "IT'S YOUR ONLY HOPE!"
"Don't worry" he replies calmly "God will provide."
So he gets drowned of course. And he goes to heaven, and is a little ticked off with god for drowing him like that, and expresses his concern saying "I had FAITH, I BELIEVED in you - and still you didn't help me"
"HELP YOU?!" God replies "What MORE did you want - I sent you two boats and a helicopter!"
still high in SoCAL ..... regular at Costco 4 bucks, Chevron 4.59
I was just in NJ last week and they're low 3 bucks
difference is taxes and seasonal formulations
Absolutely. After the federal tax credit, a Model 3 RWD is $28k now. They were $48k about this time last year. If a $20k net price cut, or 42%, isn't big enough for someone to buy, price isn't the reason they're not buying.
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