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IRS definitions of what's a car vs SUV by manufacturer for $55k vs $80k price limit
- Thread starter macheboston
- Start date
It is always a tax credit with an income provision. But starting in 2024 you can claim it at point of sale. But if you end up not qualifying when you file your taxes you have to pay it back.
All,
Let's be clear Tesla won't lower MYLR $11k unless demand crumble. My guess is:
MY AWD(lower range): under $55k
MYLR: ~ $61k
MYP: ~$65k
So if ypu want tax credit, u get AWD version with 250 or 279 range. If ypu Wang LR or P,vu have to get 7 seat option.
For those who don't qualify for Tax credit, still great options at lower price fir all 3.
Let's be clear Tesla won't lower MYLR $11k unless demand crumble. My guess is:
MY AWD(lower range): under $55k
MYLR: ~ $61k
MYP: ~$65k
So if ypu want tax credit, u get AWD version with 250 or 279 range. If ypu Wang LR or P,vu have to get 7 seat option.
For those who don't qualify for Tax credit, still great options at lower price fir all 3.
Tesla can either sell with reduce battery or lock the battery capacity so that customers can pay later to unlock. We can see IRS employees are bunch of clowns who have no idea on EVs.
Olle
Active Member
Not surprised Y5 fell outside, given the vendetta between Biden and Musk.
Very surprised that Mach E fell out after going through the trouble with the convoluted inclusion of Mexico in the country of assembly definition to prop up Ford. Might there be a loophole where large portions of the price shifts from MSRP to dealer fee? Not applicable to Tesla of course since no dealers.
Very surprised that Mach E fell out after going through the trouble with the convoluted inclusion of Mexico in the country of assembly definition to prop up Ford. Might there be a loophole where large portions of the price shifts from MSRP to dealer fee? Not applicable to Tesla of course since no dealers.
My theories:
- The ID4 is heavier and thus qualifies as an SUV
- The Model Y 7 seater qualifies as a van
- The ID4 is heavier and thus qualifies as an SUV
- The Model Y 7 seater qualifies as a van
Not sure why everyone is complaining. This is good for consumers. This will force manufacturers to produce affordable EV.
If they don't want to build $55k small SUV, they don't have to.
Tesla had already been selling AWD 279 miles version for $60k earlier this year. I am sure they can come up with $55k version and leave LR at whatever price they fit.
Exactly. People need affordable electric cars. If Tesla can’t produce EVs that are out of budget for most, let others do and benefit from the credit.
Price is already lowered like $7500-9000 with the existing inventory discount and free supercharger miles
A Model Y LR was $48,990 at the start of 2021
Price changes like these are not unusual for Tesla, ie the Model 3 LR went from $55k in late 2018 to $47k in 2019 before going back up to $57,990.
The Fed is keeping interest rates high until prices come down
That would be nice if the do. Either way expect sub $55k Model Y to be available in January.
When MY first came out, they were only $3k more than M3.
I have been saying this for a while $66k is absolutely absurd price for MY LR. No one should have to pay that price. NO way Tesla can keep making us look fool to pay that. Consumers are finally speaking by their actions, which caused $7,500 off this month. Tesla knew $3,750 wasn't going to cut it, so true price for MY LR is $55k - $61k. Depending on demand.
just got my vin for MY5. Set to deliver Jan 15 -20. I guess I’ll cancel and wait to see how this plays out.
I agree, the huge backlog in early 2022 got people into panic buying and it's just not sustainable. Remember the MYSR was as low as $39,990, did manufacturing cost for Tesla grow over the past 2 years? For sure, but not by 50%, probably not even 25%. So there is absolutely room to lower the MYSR price to somewhere around $50k, on the other hand even though I believe Tesla can still make a decent profit selling MYLR at $55k they probably won't cut price that drastically.
WhiteOnWhiteMY
Member
Is it possible in Q1, we could see the 5-seater MYLRs and MYPs get to keep the discount/incentive? Could we expect them to start to see lots of late configuration changes, with delivery refusals to move to 7 Seaters? Would we see them try to clear our current inventory like they are currently with Q4 2022 discounts and incentives? I expect the build allocation to change dramatically from primarily 5-seater LRs to 7-seater LRs. This assumes Tesla would push people to 7 Seater rather than reduce the MSRP of 5 Seater. Also, many inventory cars potentially, especially since some people may be configuration locked and might opt to decline delivery.
Tesla will dealer install the tow hitch for $1300.
Model Y Tow Package
Equip your Model Y with a high-strength steel tow bar and 2” hitch receiver capable of towing up to 3,500 pounds on all wheel configurations. Includes: 1x high-strength steel tow bar with 2" hitch receiver and North America 7-pin standard connector 1x trailer harness 1x tow mode software...
shop.tesla.com
I would gladly buy an LR for $55K with a deduction and pay for the hitch.
I'm out of the Tesla market at $66K without a deduction.
In any case, I'm not in the market until HW4 and 4680 drop.
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Absolute B.S. law by Congress and complete politics being played by the useless EPA. Our bureaucratic Administrative Agencies once again showing their incompetency. Reminds me of the… “If you like your doctor you can keep him/her.”
zoomer0056
Active Member
A nitpick: A dealer is a second party franchise associated with one or more manufacturers selling to a third party. It's the traditional model of all ICE brands. Tesla doesn't sell to dealers, they sell directly to the buyer. Teslas are delivered to service centers for the buyer to pick up, or home delivery. Tesla auto work is done at a Tesla service center.
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With the income limits, I don’t think many Tesla buyers will get the credit anyway. Who buys a $70k car if they make less than $150k per year? That wouldn’t be too smart.
BitJam
Active Member
I suggest you do it the other way 'round. Wait to see how it plays out for as long as possible before canceling.
Wait, who is paying $70k?I got mine for $55490 yesterday(ordered in march).
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