Spidey616
Member
TBH part of me thinks I was getting a line from the SA. It seems like everyone has heard different stories from their SAs in different regions. For comparison I’m in the Pittsburgh area going through the Wexford store.
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Tesla EV Tax Credits coming back?
- Thread starter hnguy054
- Start date
Fluffhead
Member
Tax wouldn't be included in MSRP, but I'm not sure if options would be, such as FSD.
MSRP is excluded tax and Destination charge. Please correct me if I am wrong. Thx
It does look like there is more positive movement on all of this and they may be nearing the finish line. Still not a sure thing because things could still implode at any point due to tempers fraying with the 2 holdout Senators and them still refusing to support the bill publicly despite getting pretty much everything they wanted. In any case, this is either going to be passed into law by Jan 1, 2022, or it isn't ever going to happen seeing as this is the last chance to pass something of this nature. I'm feeling good about completing my profile a few days back after the $2K price hike on the MY. I'm currently at $6K below current prices with my order from April and if this bill passes, the extra rebate will be the cherry on top. Being $6K below current prices had me nervous that Tesla may end up canceling my order and it wasn't worth the risk to eke out my "hold" any longer.
I’m in a similar boat. Going ahead with mine. I fear the wait is too long otherwise and I need the car.
Personally, I'd pay an extra 2k to not wait 6 months. I went performance because I was told the delivery times were shorter, though so I may not be the best person to ask.
I must be missing something, but I don't quite follow the math here. If you folks are locked into your current price and deferring to 2022 could net you a $7500 rebate at minimum, how are you looking at only saving around $2K if you take delivery now v.s. sometime in 2022?
Ah okay, that makes more sense. I guess it all depends on how much an extra $12k in the bank means to you given your financial situation and how desperately you need a Tesla now. I'm pretty conservative with finances and am in no rush to get a new car (my 2008 and 2010 model year cars still work just fine) which is why I managed to somehow struggle against my urge for instant gratification with my April 2021 order and wait it out till now to see if the tax credits came through. But I can certainly understand why others may choose differently.
Oh that's different. At $2k per month you kind of have to wait if you don't need the car... or order a performance for the same price haha
If they had the votes, they'd have voted. This is still anything but a done deal.
Or take delivery on Saturday, order another MYLR, get the $10K - $12K tax incentive in 2022, then turn around and sell my 2021? However, used MY prices in 2022 may go down respectively due to the incentive.
My understanding is base price plus upgrades. Nothing else counts towards MSRP (total price for rebate purposes)
i think the MY is considered an SUV and therefore qualifies to the higher $69k limit
Currently the delivery + destination charge is fixed by law.
Ford or Tesla could remove autopilot (not FSD) features and make them a $5K add-ons, etc.
Here is a copy of the actual bill as of 10-28-2021. The pages of interest for the EV tax credit begin on page 1240.
House bill HR 5376 on 10-28-21
Correct me if I'm wrong, but the bill seems even better for Tesla than the original credit of $7500. As I read it, the total credit a Tesla could qualify for would be $12,500. Here is the breakdown:
$4,000 for any plug-in (PHEV or full electric) within certain limits.
$3,500 more for a 40 kWhr or greater battery and a gas tank no greater than 2.5 gallons (I guess this eliminates current PHEVs).
$4,500 more for domestic assembly (I don't see the Union made requirement anymore).
$500 more for "domestic content" (this used to be for US made battery).
I still see the $69K MSRP limit for an SUV, $55K for a sedan, and $74K for a truck.
I still see income limits of $800K for filing joint and $400K for single.
House bill HR 5376 on 10-28-21
Correct me if I'm wrong, but the bill seems even better for Tesla than the original credit of $7500. As I read it, the total credit a Tesla could qualify for would be $12,500. Here is the breakdown:
$4,000 for any plug-in (PHEV or full electric) within certain limits.
$3,500 more for a 40 kWhr or greater battery and a gas tank no greater than 2.5 gallons (I guess this eliminates current PHEVs).
$4,500 more for domestic assembly (I don't see the Union made requirement anymore).
$500 more for "domestic content" (this used to be for US made battery).
I still see the $69K MSRP limit for an SUV, $55K for a sedan, and $74K for a truck.
I still see income limits of $800K for filing joint and $400K for single.
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