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got a call tonight, scheduled my delivery date - this friday!
Everyone please sit down. A Friday delivery is 4 days ahead of the provided 4 week estimate. Under promise and over deliver!
RT
US Federal $7,500 Electric Vehicle Credit Expiry Date By Automaker
"For Tesla specifically, we estimate they will hit #200,000 in early Q2 of 2018, which will give the automaker from April 1st to September 31st, 2018 to make as many Model S, X and 3s as they can. So, if you are holding a reservation ticket for a Tesla Model 3 and reside in the US, this is likely your sweet spot/deadline for netting the whole $7,500 credit."
The phaseout is likely to be irrelevant ... if Congress eliminates the entire Tax Credit in 2018.If you mean this InsideEVs article it sounds more like Between 1st of January and 1st of April. Was there a newer estimate?
Everyone please sit down. A Friday delivery is 4 days ahead of the provided 4 week estimate. Under promise and over deliver!
RT
Wow that’s great. Are you going to host a meet up with it? I’m probably going to be in San Francisco Christmas week if anybody wants to let me take a look at there’s.It's better than that - my DS said I could've picked it up as soon as TOMORROW, but I had to defer due to my work schedule. So 3 weeks for me from order to earliest pick-up.
As many Model 3s are showing up now I’d bet they hit 200k in Q1US Federal $7,500 Electric Vehicle Credit Expiry Date By Automaker
"For Tesla specifically, we estimate they will hit #200,000 in early Q2 of 2018, which will give the automaker from April 1st to September 31st, 2018 to make as many Model S, X and 3s as they can. So, if you are holding a reservation ticket for a Tesla Model 3 and reside in the US, this is likely your sweet spot/deadline for netting the whole $7,500 credit."
Even if the Tax Credit stays for 2018, I imagine the $7500 won't last too long before Tesla hits 200K vehicles in the US.
Actually, does anyone know how they calculate that? I'm guessing based on the VIN the IRS will have a way of knowing if it was before or after the 200K threshold.
The phase-out period stretches over one year, beginning in the second calendar quarter after the quarter in which the manufacturer hits the 200,000 vehicle US sales mark. From there, all qualifying vehicles sold by the manufacturer are eligible for 50% of their specified credit for the first two quarters and 25% of the credit for the next two quarters.
For example if a manufacturer sells its 200,000th vehicle in the first quarter (Q1) of 2018, the credit amounts for all of that manufacturer's eligible vehicles would phase out as shown in the table below.
Tax Credit Phase-Out Schedule Quarter Credit
Q1 2018 Full amount
Q2 2018 Full amount
Q3 2018 50% of full amount
Q4 2018 50% of full amount
Q1 2019 25% of full amount
Q2 2019 25% of full amount
Q3 2019 No credit
As a $TSLA stock holder, that would make me VERY happy!As many Model 3s are showing up now I’d bet they hit 200k in Q1
got a call tonight, scheduled my delivery date - this friday!
Did you have any contact with them prior to the call tonight? I need them to update the final MVPA before I can finish my loan stuff but I have yet to be able to track down anyone to talk to...
And someone on here last week had posted that 'a friend' was taking delivery today. Haven't heard anymore on that, though. All shall be revealed soon enough
I read last night that it was delayed to Friday because car was not ready.
This really isn't the thread for this, but the customer doesn't need to worry about crossing a certain number threshold, reaching that number will trigger a date for the phase out. The date will be known at least three months in advance, and there will be ample time for it to be communicated.
Did you have any contact with them prior to the call tonight? I need them to update the final MVPA before I can finish my loan stuff but I have yet to be able to track down anyone to talk to...
It asks but probably doesn't enforce the 200,000 limit. I'm sure it's the IRS that enforces that. They just need to see what your date of sale was and what make car you have. If you buy X car before Y date, it would be eligible for the full $7500. If bought after Y date and before Z date, it receives 50%, etc.TurboTax sure should be asking you what brand of EV you bought. Not all EVs qualify for the full credit.