Tesla EV Tax Credits coming back?

[mjatx]

I am surprised that they passed the funding bill so quickly, but the Senate still has the 2022 Defense Authorization bill to get through as well. That hasn't been going smoothly so far.

Manchin is the key to getting the BBB bill passed, and he is signaling he is opposed to the gimmicks in it that aim to make it appear cheaper. Then there are the trade issues mentioned above. The simple answer is to drop the EV union portion from the bill, but I don't think that sits well with certain lawmakers who need union support in the mid-term elections. I also think that is a much smaller issue than the bigger spending programs in the bill.

I'm taking delivery in the next week or two - I would maybe wait if I could - but I am quite skeptical that this gets done by the end of the year.

 

[gtbguy]

I got the 12/9 email too. It seems quite apparent in my communications with Tesla that they are in a zero tolerance mode and want to get those Q4 delivery numbers up. I am sure they are also figuring they don't have enough room to store all of these vehicles that folks want to delay delivery on. The BBB plan is looking iffy and I also don't know for sure if I could keep the tax credit if I decide the Y is not for me and I sell the vehicle. So all that being said I decided to hit the "I'm Ready" button. States they are building my car and delivery window of 12/18 to 12/31. If I have to I'll take it I will. If I can get them to hold off til 1st week January I will do that. If I take it in December I could sell it if I don't think it suits my needs and make about $12,000 to $15,000 on it. If I can hold off til January I can still do that plus "maybe" get the tax credit too. I already have a M3 SR+ that I really like so far and have a CyberTruck on order...but don't think I'll see that for a long time!

I think I'll call my SA and indicate I'll take delivery now instead of waiting. Not sure that will matter since I only ordered my Y a week ago.

 

[doomsday997]

Now that the government is funded until Feb and shutdown has been averted, this will free up bandwidth to work on BBB I the Senate. Let’s hope this gets brought to a vote in the Senate next week.

It’s not looking good for this year Manchin is already backing off, as for a vote next week pretty much zero chance of that happening

Manchin tells senators he's skeptical Build Back Better can pass this year, as doubts grow it will get done by Christmas | CNN Politics

Democratic Sen. Joe Manchin is casting skepticism in conversations with senators that the Build Back Better bill can pass the Senate this year, potentially delivering a blow to Senate Majority Leader Chuck Schumer's push to get the bill approved by Christmas, according to two sources familiar...

www.cnn.com

 

[doomsday997]

I am surprised that they passed the funding bill so quickly, but the Senate still has the 2022 Defense Authorization bill to get through as well. That hasn't been going smoothly so far.

Manchin is the key to getting the BBB bill passed, and he is signaling he is opposed to the gimmicks in it that aim to make it appear cheaper. Then there are the trade issues mentioned above. The simple answer is to drop the EV union portion from the bill, but I don't think that sits well with certain lawmakers who need union support in the mid-term elections. I also think that is a much smaller issue than the bigger spending programs in the bill.

I'm taking delivery in the next week or two - I would maybe wait if I could - but I am quite skeptical that this gets done by the end of the year.

They also have the debt ceiling to contend with by the 15th as well

 

[nate704]

Failed bill will be disappointing for those who have been waiting for the tax credit, but it will be way better for the economy and average taxpayers (middle class).
Passing this bill will be like throwing Tesla batteries in the ICE vehicle fires and hoping nothing bad will happen.

 

[rob968]

It’s not looking good for this year Manchin is already backing off, as for a vote next week pretty much zero chance of that happening

Manchin tells senators he's skeptical Build Back Better can pass this year, as doubts grow it will get done by Christmas | CNN Politics

Democratic Sen. Joe Manchin is casting skepticism in conversations with senators that the Build Back Better bill can pass the Senate this year, potentially delivering a blow to Senate Majority Leader Chuck Schumer's push to get the bill approved by Christmas, according to two sources familiar...

www.cnn.com

He might also just be posturing so he has more leverage in getting the modifications he wants. Time will tell!

 

[hikeleader]

I got the 12/9 email too. It seems quite apparent in my communications with Tesla that they are in a zero tolerance mode and want to get those Q4 delivery numbers up. I am sure they are also figuring they don't have enough room to store all of these vehicles that folks want to delay delivery on. The BBB plan is looking iffy and I also don't know for sure if I could keep the tax credit if I decide the Y is not for me and I sell the vehicle. So all that being said I decided to hit the "I'm Ready" button. States they are building my car and delivery window of 12/18 to 12/31. If I have to I'll take it I will. If I can get them to hold off til 1st week January I will do that. If I take it in December I could sell it if I don't think it suits my needs and make about $12,000 to $15,000 on it. If I can hold off til January I can still do that plus "maybe" get the tax credit too. I already have a M3 SR+ that I really like so far and have a CyberTruck on order...but don't think I'll see that for a long time!

Followup. So once I hit the "I'm Ready" button I got VIN within hours and a new window of 12/8 to 12/14. Also received an email that flat out stated if I don't take delivery by 12/31 the order will be automatically cancelled. Anyone want to by a Model Y LR White 18" Wheels, no FSD?

 

[bcre3306]

Followup. So once I hit the "I'm Ready" button I got VIN within hours and a new window of 12/8 to 12/14. Also received an email that flat out stated if I don't take delivery by 12/31 the order will be automatically cancelled. Anyone want to by a Model Y LR White 18" Wheels, no FSD?

What color interior?

 

[Lasky]

Wow. Within hours got the new vin. That’s fast. Guess they still do eoq or eoy push. Also the no more hold rule seems really reinforced.

 

[casey72017]

Wow. Within hours got the new vin. That’s fast. Guess they still do eoq or eoy push. Also the no more hold rule seems really reinforced.

The factories are constantly producing cars. It’s just that most people don’t want to pick them up before 2022.

 

[doomsday997]

He might also just be posturing so he has more leverage in getting the modifications he wants. Time will tell!

True, although manchin has said he wanted to put the breaks on this bill for months now. Sinema also still refused to commit to a yes vote in an interview last night.

 

[DaveORD]

Followup. So once I hit the "I'm Ready" button I got VIN within hours and a new window of 12/8 to 12/14. Also received an email that flat out stated if I don't take delivery by 12/31 the order will be automatically cancelled. Anyone want to by a Model Y LR White 18" Wheels, no FSD?

18 inch???

 

[samwise-g]

How long since original order date has it been on hold?

Followup. So once I hit the "I'm Ready" button I got VIN within hours and a new window of 12/8 to 12/14. Also received an email that flat out stated if I don't take delivery by 12/31 the order will be automatically cancelled. Anyone want to by a Model Y LR White 18" Wheels, no FSD?

Bastards! They string us along for months, and then treat us this way...makes me want to cancel my order and tell Elon to F-off! Pissed!

 

[ElectricIAC]

Bastards! They string us along for months, and then treat us this way...makes me want to cancel my order and tell Elon to F-off! Pissed!

Do it.

That’ll show him and the shareholders.

 

[Noflash]

Bastards! They string us along for months, and then treat us this way...makes me want to cancel my order and tell Elon to F-off! Pissed!

Just take delivery, sell it, and use the profit towards an eTron.

 

[NHK X]

Just take delivery, sell it, and use the profit towards an eTron.

Haha my colleague has an e tron and regrets it so bad.

 

[doomsday997]

Haha my colleague has an e tron and regrets it so bad.

Just curious, why?

 

[Albertsv]

If EV tax credits get approved and in 2023 those credits are applied at the Point of Sale, how do they validate the income numbers? It seems easier to me to validate that via your taxes.

 

[Unclepaul]

It is doubtful that any Tax bill will be retroactive. It is structured to incentivize buyers to choose Electric over gassers.

If you have already taken delivery, what would be the benefit to getting an retroactive rebate.

Probably the incentive will go into effect the day it is signed into law.

 

[pepperoni]

If EV tax credits get approved and in 2023 those credits are applied at the Point of Sale, how do they validate the income numbers? It seems easier to me to validate that via your taxes.

Most likely scenario is that you will owe the government back on your 2023 tax return if you don’t qualify.