Dan Detweiler
Active Member
[/QUOTE]The way it's intended to work is the $7500 tax credit is taken off the net owed to Tesla, as if you'd shown up with $7500 in extra cash, and Tesla gets that from the government.
So the "sales price" is still the same- so the sales tax/registration fees/etc don't consider the $7500. But you'll have to come up with $7500 less money to take the vehicle home.
Based on current proposed rules, if come tax time you didn't actually have enough tax liability to qualify for the whole $7500 the IRS will not claw back the difference.
But if your income (for the present or previous year) doesn't qualify you (ie you made over 150k single or 300k married/jointly) you will have the full $7500 clawed back at tax time.
As to when? Great question. Haven't seen any info on that yet. It SHOULD be available today, but no idea how quickly it'll actually get set up (requires 'dealers' to register with IRS, etc)
That's not the case in 2024 under the proposed IRS rules for the credit going point of sale. With the POS credit you get the $7500 transferred to the dealer at purchase time-- and at tax time If your tax obligation is less than $7500 the IRS doesn't care and won't ask for any money back.
They will only care if your income is above the 150k/300k limit, and if so you owe the full $7500 back.
Ok, I guess I can see that-- but given inventory was what like 17 days at last report (and probably lower specifically on the RWD and LR AWD since people knew the tax credit was going away in Dec and would've pulled sales forward- a recent thread reported 0 inventory in NY a few days ago for example) I don't know how that does much to help with pricing gap? Tesla will be out of LR and RWD 3s in about 2 weeks or less.
Right now net of tax credit the Performance 3 is $43,490… the LR is $45,990, and the RWD is $38,990 (and get no tax credit as of today).
Highland pricing seems to be around 2-4k more than outgoing model (based on pricing bump in other countries anyway).
So lets say they bump the P to $47,490 net of credit (4k increase)… that’s still only $1500 more than the LR---less than buying acceleration boost for the LR costs... does anyone buy the LR at that point? And you’re also in a position you CAN NOT bump the price on the LR the same 4k when you refresh it- you can’t bump it at all… Maybe they go back to just not selling it as they did for a good while?
In which case you’re left with the RWD at $38,990…. And you probably need to CUT the price significantly here given people last week were getting inventory pre-refresh ones for around 28k?
Thank you, this helps. I guess we just wait to hear from Tesla that they have filed with the IRS then?
Dan
