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voip-ninja
Give me some sugar baby
Musk has said that the EV credit doesn't factor into their pricing or decisions, so based on that the elimination of the tax credit shouldn't affect Tesla much.
Shygar
Member
The lower it goes, the better buying opportunity. The fundamentals haven't changed at Tesla.
I would be bummed about the tax credit elimination (waiting for my Model 3), but I doubt Tesla cares too much. They have pretty much milked it to the max. It would however make it harder for other automakers to sell EVs especially without Tesla's charging infrastructure (expensive and nowhere to fast charge). If I was Elon, I'd be encouraging Congress to get rid of it.
I don't agree. Most people buying a $100k vehicle are not going care much about a $7500 tax credit. It will effect people wanting the Model 3 SR, but the credit was only going to last until late next year anyway (once Tesla hits 200k US sales). As long as Tesla can continue to bring down the cost of manufacturing the battery, they will be fine. It's the other manufacturers who will have a hard time without the credit.
boiler81
Member
Yeh, I'm sure the tax credit elimination will cause some folks to scale back their options, and a few may have to bail on their orders. However, I believe this tax credit won't have a long term impact on Tesla. Hell the Canadian reservation holders would gladly pick-up the orders dropped by Americans who can't or won't follow through with an order now.
comanchepilot
Member
Then he's an idiot because every since Tesla pricing display is net of the tax credit for new vehicles. Every salesman tells you about it - and prices the vehicle net - and all of the lease payments quoted show the price net of the $7500 for cap cost.
without the $7500 - it would skew our decision to prob wait and buy something else for car pool lane access.
The wife wants a Tesla - but we don't NEED a Tesla and neither of us are fanboys - so Elon loses us if he doesn't deliver a vehicle before the tax credit expires.
Only 7%? When Tesla announced they are acquiring Solar City, TSLA dropped 10% in one afternoon!
And to keep things in perspective, not even 12 months ago after Trump won election, TSLA hit $178. Now with all the doom and gloom, we are at $299. Any long term investor shouldn't be worried.
And the Model 3 is sold out for the next 2-3 years; the $7500 EV incentive cancellation will have no material impact on that. In fact, it may cause more people to jump in Model S and X before the tax credit disappears.
voip-ninja
Give me some sugar baby
Yes, I'm aware of that. However Musk & Tesla fans have continued to insist that Tesla does not need the EV tax credit to thrive. We will soon find out it seems.
Hong Kong credit was worth ~$56,000 USD, far cry from $7500.
Hong Kong cancels electric vehicle incentives that made it a leading EV market dominated by Tesla
Hong Kong cancels electric vehicle incentives that made it a leading EV market dominated by Tesla
EricUSC
Member
The elimination of the tax credit may actually help Tesla, since Tesla would have already exhausted their quota by the time the repeal goes into effect. This would put the other manufacturers who sold fewer EVs on a even playing field with Tesla.
Not quite. If this does make it into the final tax plan that becomes law, the tax credits would disappear just after 31 December 2017. People have guessed that Tesla will hit the 200k mark in early to mid 2018, so they're losing out on at least six months of a $7,500 tax credit (probably more like nine months), six months of a $3,750 tax credit, and six months of a $1,875 tax credit.
Why is it that some people on this forum care more about the effect cancelling the tax credit would have on Tesla than the effect it would have on ev sales generally? I put a $1,000 deposit on a model 3 because I care about the environment, not because I have a hard-on for fancy cars. I now drive an i-Miev which handles 90% of my driving needs, but it's that other 10% - the long drives that require me to use a gas car - that has convinced me I need an ev with greater range. I thought that I'd find lots of like-minded folks on these forums. I'm getting quite disappointed.
voip-ninja
Give me some sugar baby
Are you kidding me? I created a poll on what people's #1 reason was for ordering a Model 3. The #2 reason (just slightly behind Tesla EV tech) was environmentalism with over 50 people voting for it.
If people are buying a Tesla or any other EV for environmental reasons that is their prerogative... keep in mind that there are 80 million vehicles sold globally every year. As passionate as you and others might be about Tesla's impact on the global automotive scene that impact is still minuscule with Tesla selling about 250K cars globally since their inception... not per year. Over that same period of time there have been over 400 million ICE cars sold.
The long and the short of it is that Tesla is proving the concept, and that is about it.
If someone is really so extremely concerned about the environment that they are obsessing over the need to drive an EV rather than an ICE vehicle then I would suggest they perhaps instead start by putting a massive solar panel installation on their home. Better yet, sell the inefficient and wasteful home and move into an efficiency apartment that is close enough to everything you need to do that you can walk or take public transportation.
N5329K
Active Member
If anyone at Tesla believes (mistakenly, in my opinion) that tax incentives mean little or nothing, they are totally missing the bigger picture. If your goal is to sell a relatively small number of hyerexpensive niche vehicles, then fine. Who cares about a little bit of tax relief? But if your goal is to change the world, you'd better care about it. Because it matters to the vast majority of potential EV buyers.
Robin
Here's the way I see it (re tax credit):
- Full Tax credit is limited to 200k (plus some Quarterly fidgeting)
- Tesla is close to that (150k or something?)
- Tesla has something like 600k reservations for the model 3
- Depending on which quarter the tax credit phases out, a LOT of current reservation holders were not going to get the credit anyway.
- If you assumed you were getting it and you were depending on it you were kidding yourself.
- The base model (35k *PRE* tax credit) will be coming out when the tax credit phases out.
And yet people are applauding the possibility of the tax credit being cancelled because that would help Tesla, even though it would devastate the ev market overall. By the way, the image you chose for yourself suits you perfectly
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