I know this is not directly aimed at me, before this week in 2023 I did buy 300 chairs and I've been long since 2011.
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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Just stop trading at...say 119.89 and call it.
MM ain't letting above 120
Agreed for sure.
My gut says that they didn't go out of their way to screw over Tesla, but tried to play favorites where they could. But as you said it's the end result that matters.
Gigapress
Trying to be less wrong
Yeah. In fact, not only is Tesla benefitting more than every other company, Tesla is probably going to benefit more than everyone else combined.
We can complain about unfairness in the IRA implementation and rightfully so but the bigger picture is that the law could've been written to cap Tesla's benefit and Congress did not do that. For example, the prior version of the EV credit had a cap of 200k vehicles per manufacturer after which it phased out. Instead of just raising the cap to some level only Tesla would hit (like 10 million cars), the government deleted it.
This is contingent upon the law staying as-is until expiration of the subsidies and Tesla approximately achieving their production growth goals stated on Battery Day. No one else is remotely close for battery and EV scaling plans in North America and the US, and Tesla will be getting 10% subsidies for mining and refining lithium in America too. We're talking about hundreds of billions of dollars in total. The $45/kWh battery subsidy alone is worth about $200 billion if Tesla can make cumulatively 4 TWh between now and 2032.
As far as I can tell, the IRA is set to subsidize Tesla more than any company in US history. I'm not complaining.
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EVNow
Well-Known Member
While there is some uncertainty after that, I won't be surprised if they will not reduce after March ....
Gigapress
Trying to be less wrong
I have a confession to make. I can't do subtraction.My man, what time do you think Europeans wake up? dinnertime?
FSDtester#1
Craves Electrolytes
I have a complaint, My phone updated it no longer auto unlocks or starts when near the car.
There, that's a bona-fide complaint !!
Edit: I am happy though because I won't be surprised to hear Aunt Cathie was buying again today...
The inventory in NY seems to be dropping faster than I can figure out if I qualify for the $7500. I can't seem to find a good source for what tax year I can base the Income threshold on. Some sources say the lower of 2022 or 2023 and some say the year it was purchased. If I can use 2022 I may qualify once I determine if 401k deductions are included in the MAGI or not.
Not that I am surprised but based on what I am seeing for NY inventory, it seems to be moving very fast. This morning there seemed to be a lot of the Y's in white under $55k but now there is only 1 single Y (black) under $55k.
Also, I have learned that the Used car market has tanked (back to "normal") compared to last year. My wifes 2021 Telluride's value has dropped a lot since 2022.
Artful Dodger
"Neko no me"
Yup. And talk about a 'flex', making these price cuts public on an Options Expiry Friday...
"Stainless steel is the new Brass" when it comes to ****'s.
Cheers to the HODL'ers!
I wonder if Jim Farley and Mary Barra will meet up and go on a bender tonight. Had to be a really bad day for both of them.
SP climbing and we're in power hour. Would be great to see this end green today. Seems like WS is starting to get it-Tesla price cuts aren't a sign of gloom and doom, but an opening of the flood gates, indicating (hopefully) that output is ready to explode. Ford and GM both down pretty hard.
You often have incredibly informed and insightful posts here, in light of this new information do I need to go back and question all of it?
Knightshade
Well-Known Member
Not for years, no.
The original was the same car except for SW. And they offered an additional option package for $5000 for the P that added the larger brakes, 20" wheels, spoiler, slightly lower (0.4") suspension, and sport pedals.
Then they decided to make that $5000 option package the "standard" P...and the old P with 18" wheels eventually vanished from the website.
Every once in a while the "old" P with 18s would show up in inventory, but never as something you could order.
So ever since then the P comes by default (and no choice when you order) with the 20s, different brakes, spoiler, etc compared to the LR AWD.
That also hasn't been true since at least early 2019.
Ps still come with the same 980 rear motor that both P and LR-AWD came with in 2018.
But LR-AWD has come for years now with the 990, a lesser spec (and lower cost) rear motor.
So it's definitely cheaper, parts-wise anyway, to make a non-P LR AWD, and has been since 2019 at least.
If the IRA tax credits are locked in on order—rather than at the time of purchase—and iirc they are, then Tesla might lock in orders for most of the year.
This will not only mitigate any decreased credits from partial (as in not impartial) changes to the IRA aimed to hamper Tesla relative to other OEM’s.
It will ’take the Oxygen from their competitors’ as ye olde Silicon Valley sentiment goes, thus reducing demand for materials for competing ICE and BEV’s. So disinflation may be faster here than elsewhere and faster than you might think. Not that I’m saying it will be "immediate."
[edit:] I’m informed below that a solid contract is needed not just a reservation.
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StealthP3D
Well-Known Member
Obviously, legacy auto lobbyists wanted to ensure PHEV's would continue to get the $7500 subsidies. That shouldn't be difficult to understand. PHEV sales reduces the sales of BEV's and PHEV production reduces the number of BEV's that can be built because the batteries are interchangeable between the two. IRA successfully extends PHEV subsidies for as long as IRA remains law. What part of that do you not understand?
Xepa777
Banned
I really thought the reaction to this was to re-introduce the mid-range 3. Very audacious to actually lower the LR by this much. We'll see how it shakes out but it's pretty exciting lol.
StealthP3D
Well-Known Member
If that applies to the battery credits too, that they are "locked in" when the vehicle is ordered, this could be a big deal if Tesla is locked out of some of the battery credits after the Treasury guidance due in March.
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