Marketwatch talking up the likelihood of the tax credit renewal passing.
Tax-credit expansion sought by Tesla, other EV players is among tax breaks getting lawmakers’ attention as year ends
Still uncertain, of course.
Contrary to some misinformation circulating on Twitter, the new language only applies to sales made after the bill is enacted.
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However, the extra 400k sales also doesn't start ticking up until
The bill also creates a new credit for used vehicles (e.g. will boost residual value):
... and heavy vehicles (e.g. Semi)
The value of this bill to Tesla, should it pass, really can't be overstated. It'd create billions of dollars of extra ASP for the company. I would say "sales", but they're
already going to be maxed out on production regardless.
![Wink ;) ;)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
Might justify sinking more money into "as quickly as possible" capacity expansions, though. The key for Tesla would be to come just short of 400k US sales in one quarter (say, Q4 '20 or Q1 '21), and then have tons of extra production capacity come online the quarter after that, to get as many sales in before the credits phase out.
But it has to actually pass, of course.