larmor
Active Member
When we moved to westlake, a suburb in the DFW area in 2018, there were very few Teslas, and recently in the past year there are so many more Tesla's on the road.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
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TheTalkingMule
Distributed Energy Enthusiast
All this does is move the wealthiest Model Y buyers to the front of the line. Either because they don't care about the price difference from the rebate, or because they won't qualify anyway.
Demand is high across the board, all this will do is reshuffle the demographics for a few months. And likely pull forward an even higher ASP.
I've started wondering about that too. Will the rules be written in time to get models certified so consumers can make an informed decision?
I wonder if they could have a waiver that says if the car is assembled in North America, we will let it qualify for 2023. Then the full set of rules goes into effect for 2024. I don't know if that kind of waiver is legal.
jkirkwood001
Active Member
TheTalkingMule
Distributed Energy Enthusiast
Since nothing fun is happening, I thought I'd point out an interesting tidbit from this terrible piece of legislation.
Heat pump hot water heaters are eligible for up to $1750 in rebates under the IR Act.
I bought one for about $1400 minus a $500 utility rebate. In warmer climates, these things are an absolute no brainer. They pull in warm air, heat the tank of water, and exhaust cool dry air that can be ducted a short distance.
Effectively I now have an extra air conditioner in my home, cutting off 1/4 of my cooling needs, that also happens to give me free hot water.
Mine is a hybrid, so I can switch to electric in times of high demand, but I almost never use that.
Something to keep an eye on if you maybe already have solar and an EV, but are looking to take the next step. Making these standard in certain areas would be a HUGE energy saver.
Cool article from electrek....
electrek.co
Heat pump hot water heaters are eligible for up to $1750 in rebates under the IR Act.
I bought one for about $1400 minus a $500 utility rebate. In warmer climates, these things are an absolute no brainer. They pull in warm air, heat the tank of water, and exhaust cool dry air that can be ducted a short distance.
Effectively I now have an extra air conditioner in my home, cutting off 1/4 of my cooling needs, that also happens to give me free hot water.
Mine is a hybrid, so I can switch to electric in times of high demand, but I almost never use that.
Something to keep an eye on if you maybe already have solar and an EV, but are looking to take the next step. Making these standard in certain areas would be a HUGE energy saver.
Cool article from electrek....
Here's how the US climate act will lower household energy bills
Here's how the new US climate act will help homeowners achieve energy efficiency and lower their energy bills.
electrek.co
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there will be a buyer ready to purchase MY and M3 regardless of tax incentive this will not be an issue
as anecdotal evidence to this i ordered 2020 LR Model S and was about to take delivery and Tesla revised my trade-in down by $5000 .. i balked and they had a buyer for my custom MS order that day ... this was for MS (low demand relative to M3 , MY)... i did not get the car as a result
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I'd imagine a healthy FSD price increase (with advanced notice) could accelerate 2H sales as well. There are so many levers Tesla could pull... even if needed.
But why are many of the EV stocks down today? Rivian, NIO, BYD, Lucid... People confused and trying to comprehend 900 pages?
Except that dual income households have a $300k income threshold, not a $150k threshold. That's good money, even in California.
Regardless, the status of these cars will be unclear until much later in the year. This is an end-of-the-year issue only.
Since nothing fun is happening, I thought I'd point out an interesting tidbit from this terrible piece of legislation.
Heat pump hot water heaters are eligible for up to $1750 in rebates under the IR Act.
I bought one for about $1400 minus a $500 utility rebate. In warmer climates, these things are an absolute no brainer. They pull in warm air, heat the tank of water, and exhaust cool dry air that can be ducted a short distance.
Effectively I now have an extra air conditioner in my home, cutting off 1/4 of my cooling needs, that also happens to give me free hot water.
Mine is a hybrid, so I can switch to electric in times of high demand, but I almost never use that.
Something to keep an eye on if you maybe already have solar and an EV, but are looking to take the next step. Making these standard in certain areas would be a HUGE energy saver.
Cool article from electrek....
Here's how the US climate act will lower household energy bills
Here's how the new US climate act will help homeowners achieve energy efficiency and lower their energy bills.
I got a heat pump as well and can confirm that the advantages you listed are true for me too. I bought mine in 11/2021. So worth it!
The permit still hasn't completed, so I'm wondering if my heat pump still works for the IRA tax credit (which would be awesome).
HA! 900 pages, that's nothing! The Chips Act was just signed into law today and it is 1054 pages. Wish it could have been 1024 pages though...
Oops, I'll del my post, I'm not sure where I saw 150K. Maybe it was the older version of the Bill?
AHEM!
(we did, though, see one Model S and one Model X when in Fairbanks last week. THAT is one megalopolis where the Tesla Wave remains in full - frantic - force. But on the Denali or Richardson Highways? Seeing another Tesla would be enough to cause a multi-car pileup even were only two cars present.)
Base Model Y (white or MSM) has an projected delivery date of April 2023 - July 2023. Add 20" rims that shifts to Jan 2023 - April 2023. So for most, if you order now, you probably won't get it until next year anyways. Anyone that is projected to get it within the next few months have probably locked in a much lower price so cancelling to reorder and get it with the $7,500 credit isn't much of an incentive.
Thank you. I have plenty of Tesla, but would buy this for exposure to SpaceX... even if it's just 7%.
Another potentially small but long term benefit to Tesla from the bill is from the potential increase in sale price of off-lease and trade-ins, if the demand remains high for used vehicles, which I think it will.
SEC. 13402. CREDIT FOR PREVIOUSLY-OWNED CLEAN VEHICLES.
The term ‘previously-owned clean vehicle’ means a motor vehicle—
‘‘(A) the model year of which is at least 2
years earlier than the calendar year in which
the taxpayer acquires such vehicle
‘‘(ii) is a motor vehicle which—
‘‘(I) satisfies the requirements
under subparagraphs (A) and (B) of
section 30B(b)(3), and
‘‘(II) has a gross vehicle weight rating of less than 14,000 pounds.
(C) which is the first transfer since the date of the enactment of this section
to a qualified buyer other than the person with whom the original use of such vehicle commenced
Max amount is $4000 or 30% of the sale price
SEC. 13402. CREDIT FOR PREVIOUSLY-OWNED CLEAN VEHICLES.
The term ‘previously-owned clean vehicle’ means a motor vehicle—
‘‘(A) the model year of which is at least 2
years earlier than the calendar year in which
the taxpayer acquires such vehicle
‘‘(ii) is a motor vehicle which—
‘‘(I) satisfies the requirements
under subparagraphs (A) and (B) of
section 30B(b)(3), and
‘‘(II) has a gross vehicle weight rating of less than 14,000 pounds.
(C) which is the first transfer since the date of the enactment of this section
to a qualified buyer other than the person with whom the original use of such vehicle commenced
Max amount is $4000 or 30% of the sale price
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This has been pointed out by myself and others multiples times and yet he ignores that. Tesla has a clear policy that you can only delay once before you lose your spot and line and your reserved pricing. Someone posted a chart a couple pages back which shows substantial price hikes for the Y trims back in March/April. Those orders won't be fulfilled until Q4.
Considering the wait time for base Model Y which you correctly pointed out goes well into 2023, there will likely be a ton of buyers that would be willing to jump the line considering that by Q4 of this year, the wait time for the base Model Y will likely be extended until Dec 2023.
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