Tesla gives $3,750 discount for Model 3/Y in the US this month

[adam19]

Article: Tesla (TSLA) gives $3,750 discount for Model 3/Y in the US this month

Today, Electrek learned from sources familiar with the matter that it is offering “a $3,750 credit” for every customer taking delivery of a Model 3 or Model Y vehicle in the US in December.

Tesla communicated to its sales staff that the offer is temporary only for customers taking delivery this month.

This amount happens to be half of the $7,500 tax credit that is going to go into effect next month. Some automakers anticipate their electric vehicles to only be eligible for half the tax credit due to battery material and assembly origin requirements.

I wonder if this means that the 3/Y only qualify for half of the tax credit? Still, a pretty compelling deal even if the 3/Y qualify for the full tax credit.

 

[IAHawk1012]

I pick up my Model Y in 45 minutes. Hoping this is true!

 

[Mr. Wonderful]

I just saw it on the inventory website...
There are '23s listed further down the page.

 

[Mr. Wonderful]

O/P Your title says "Tesla gives $3,750 discount"
You should say TAX CREDIT.

I don't know how they can do that due to the law coming into effect on purchases on or after Jan. 1.

 

[singlestack]

O/P Your title says "Tesla gives $3,750 discount"
You should say TAX CREDIT.

No. Tesla can’t give you a tax credit, only the IRS can. You can call it a Discount or a Credit but either way it’s got nothing to do with taxes.

 

[adam19]

O/P Your title says "Tesla gives $3,750 discount"
You should say TAX CREDIT.

Tesla is not giving a tax credit towards you (i.e. you don't claim this credit on your tax return), only the IRS can do that. You are receiving a discount on the purchase price from Tesla at the point of purchase.

 

[Mr. Wonderful]

Tesla is not giving a tax credit towards you (i.e. you don't claim this credit on your tax return), only the IRS can do that. You are receiving a discount on the purchase price from Tesla at the point of purchase.

I didn't know they can do that until 2024?
Is there documentation to your statement?

 

[golferguy]

I didn't know they can do that until 2024?
Is there documentation to your statement?

Tesla can give any discount they want. Its not a tax credit.

 

[adam19]

I didn't know they can do that until 2024?
Is there documentation to your statement?

If you visit Tesla's existing inventory site you'll see this:

This is NOT the tax credit starting in 2023. This is Tesla giving out a discount so people take delivery this month instead of delaying their order until 2023.

 

[Mr. Wonderful]

When I click on details to purchase, it shows "potential savings" which is gas savings.
Nowhere does it show $3,750 credit.
Just shows I must pay order fee of $250.

New & Used Electric Cars | Tesla

Find new and used Tesla cars. Every new Tesla has a variety of configuration options and all pre-owned Tesla vehicles have passed the highest inspection standards.

www.tesla.com

 

[bradtem]

I didn't know they can do that until 2024?
Is there documentation to your statement?

You have it backwards. You are the one making the entirely undocumented claim that this is a tax credit -- if you want to assert that, please point to the documentation that supports it. The message here only speaks of a credit, not a tax credit, which are very different things.

 

[YNoVA]

I didn't know they can do that until 2024?
Is there documentation to your statement?

Wtf?

Tesla can give discounts as they wish. Why do they need permission?

 

[E-Bunny]

When I click on details to purchase, it shows "potential savings" which is gas savings.
Nowhere does it show $3,750 credit.
Just shows I must pay order fee of $250.

New & Used Electric Cars | Tesla

Find new and used Tesla cars. Every new Tesla has a variety of configuration options and all pre-owned Tesla vehicles have passed the highest inspection standards.

www.tesla.com

Tesla replied to my Txt saying I'm eligible and it will reflect in my account within 72 hours of delivery

 

[DeshE]

My adviser told me that it is added automatically 24 hours before delivery for deliveries in December.

I think for deliveries today or tomorrow, it likely won't show up online as yet given that this is recent development but the store personnel should be able to update the account just before one takes delivery.

 

[Mr. Wonderful]

Tesla replied to my Txt saying I'm eligible and it will reflect in my account within 72 hours of delivery

So you will receive the credit after paying in full ?
And if so, you would have also paid sales tax on the refund.
I'm just trying to fully understand how this works.

 

[DeshE]

I speculate -

A credit is generally applied post tax. The tax will likely be calculated on the full purchase price, and then Tesla will take $3,750 off.

My rep told me '24 hours before delivery". I suppose the "within" reference in the above post from a fellow Tesla enthusiast was likely meant as 'prior to delivery'

 

[Happy Hippo]

THAT IS AWESOME! I thought they were going to do free upgrade paint color or wheels. This is even better than I thought!

 

[JayoP7]

I asked my SA about it and they said “You will automatically get it if you take delivery in Dec.”
so then I asked well what if finance company sent the loan in and I sent my downpayment, would I get it as a refund?
And they said Yes I would

 

[bro1999]

so then I asked well what if finance company sent the loan in and I sent my downpayment, would I get it as a refund?
And they said Yes I would

Get. It. In. Writing.

 

[JayoP7]

Get. It. In. Writing.

Its on my text messages with the SA lol