spooky981
Member
How does it hurt Elon ? His company is the closest to losing the credit due to the phaseout clause, as Tesla is the closest to it. He stood to lose the most when Tesla ran out of the credit - while his competitors retained the benefit. Now that everyone's losing it in one stroke, every one of his competitors who could otherwise command a $7500 tax benefit on at least 200K cars each, no longer have that price competitiveness vs Tesla. And those like GM who have partially used up their benefit, lose their remaining runway.
For starters it adds $7,500 to the price of every person anxiously waiting on that long Model 3 preorder list.