Costs $35k after federal & state tax rebates in California, but true cost of ownership is closer to $31k after gas savings
— Elon Musk (@elonmusk) October 18, 2018
The federal $7,500 electric-vehicle tax credit will be phased out starting in 2019. Buyers who take delivery from Jan. 1 to June 30, 2019, the credit will drop by half to $3,750, and halved again for the period from July 1 to Dec. 31, 2019, then eliminated entirely in 2020.
Tesla expects to start delivering the Model 3 with the new mid-range batteries in six to 10 weeks.
Only the mid-range battery Tesla Model 3’s delivered in 2018 will have the $7500 federal tax credit.
Tesla has said the $35,000 base price standard version would begin selling in four to six months. The tax credit phase-out and the reduction in base price will the post-tax credit price of the least expensive Tesla model will be staying relatively constant. California has indicated that they would increase state tax credits to off-set reduced federal tax credits. This would only help reduce the prices of Tesla and other electric cars sold in California.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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California will soon be facing a Proposition 13 like revolt. Probably in the next couple of years, as people will really not see how much the SALT deduction cap will hit until they file this upcoming April. So, good luck financing these tax credits for Tesla going forward. Enjoy them while you still can.
I still want one. In California. Just saying, GoatGuy
California will soon be facing a Proposition 13 like revolt. Probably in the next couple of years as people will really not see how much the SALT deduction cap will hit until they file this upcoming April.So good luck financing these tax credits for Tesla going forward. Enjoy them while you still can.
I still want one. In California.Just sayingGoatGuy
SALT? Strategic arms limitation talks?
The $45K is only $35K after tax, he has done what he promissed? Gee, wasn’t the $35K vehicle going to be $25K after tax?
SALT?Strategic arms limitation talks?
The $45K is only $35K after tax he has done what he promissed? Gee wasn’t the $35K vehicle going to be $25K after tax?
State and Local taxes. The US people had been subsidizing expensive local Democrat run governments by letting people who lived under them deduct from their taxable federal income essentially all such taxes paid.
State and Local taxes. The US people had been subsidizing expensive local Democrat run governments by letting people who lived under them deduct from their taxable federal income essentially all such taxes paid.
I’m just happy they’ve even got as far as they have. Tesla started the worldwide race to EV’s. Even if they don’t make it and go bankrupt one day, I’ll always be grateful to them for that.
I’m just happy they’ve even got as far as they have. Tesla started the worldwide race to EV’s. Even if they don’t make it and go bankrupt one day I’ll always be grateful to them for that.
Convert?
Before Tesla it was taken as a rule of engineering that all electric cars had to be ugly little boxes that looked like they were about to fall over and were the first locally designed car to be built in Nigeria or something. Then Tesla thought about it and realized that this was not so.
Ah yes, I heard of that. Which the republican Federal government just stopped. And the high tax states started trying to work out how to reclassify their taxes as “mandatory tax deductible charitable donations to government” or some such bullshirt. That is not in any way at all going to end up allowing a clever lawsuit to define the Californian government as a self declared religion or charity and hence unable to interact with law or regulation.
Convert?
Before Tesla it was taken as a rule of engineering that all electric cars had to be ugly little boxes that looked like they were about to fall over and were the first locally designed car to be built in Nigeria or something.Then Tesla thought about it and realized that this was not so.
Ah yes I heard of that. Which the republican Federal government just stopped. And the high tax states started trying to work out how to reclassify their taxes as mandatory tax deductible charitable donations to government”” or some such bullshirt. That is not in any way at all going to end up allowing a clever lawsuit to define the Californian government as a self declared religion or charity and hence unable to interact with law or regulation.”””
Funny how left-wingers who whined about recent federal income tax cuts as “the rich stealing from the poor”, are totally cool with giving wealthy Americans a $7500 cash subsidy for purchasing a luxury EV. It is a federal income tax credit, which is effectively a cash payment to an individual simply for purchasing a luxury vehicle, even if they paid zero federal income tax that year. With the money extracted from lower income taxpayers who could never afford to purchase the vehicle themselves
Funny how left-wingers who whined about recent federal income tax cuts as the rich stealing from the poor””” are totally cool with giving wealthy Americans a $7500 cash subsidy for purchasing a luxury EV. It is a federal income tax credit which is effectively a cash payment to an individual simply for purchasing a luxury vehicle”” even if they paid zero federal income tax that year. With the money extracted from lower income taxpayers who could never afford to purchase the vehicle themselves”””
Funny how left-wingers who whined about recent federal income tax cuts as “the rich stealing from the poor”, are totally cool with giving wealthy Americans a $7500 cash subsidy for purchasing a luxury EV. It is a federal income tax credit, which is effectively a cash payment to an individual simply for purchasing a luxury vehicle, even if they paid zero federal income tax that year. With the money extracted from lower income taxpayers who could never afford to purchase the vehicle themselves
Funny how left-wingers who whined about recent federal income tax cuts as the rich stealing from the poor””” are totally cool with giving wealthy Americans a $7500 cash subsidy for purchasing a luxury EV. It is a federal income tax credit which is effectively a cash payment to an individual simply for purchasing a luxury vehicle”” even if they paid zero federal income tax that year. With the money extracted from lower income taxpayers who could never afford to purchase the vehicle themselves”””
Funny how left-wingers who whined about recent federal income tax cuts as “the rich stealing from the poor”, are totally cool with giving wealthy Americans a $7500 cash subsidy for purchasing a luxury EV. It is a federal income tax credit, which is effectively a cash payment to an individual simply for purchasing a luxury vehicle, even if they paid zero federal income tax that year. With the money extracted from lower income taxpayers who could never afford to purchase the vehicle themselves
Convert?
Convert?
Before Tesla it was taken as a rule of engineering that all electric cars had to be ugly little boxes that looked like they were about to fall over and were the first locally designed car to be built in Nigeria or something. Then Tesla thought about it and realized that this was not so.
Before Tesla it was taken as a rule of engineering that all electric cars had to be ugly little boxes that looked like they were about to fall over and were the first locally designed car to be built in Nigeria or something.Then Tesla thought about it and realized that this was not so.
Ah yes, I heard of that. Which the republican Federal government just stopped. And the high tax states started trying to work out how to reclassify their taxes as “mandatory tax deductible charitable donations to government” or some such bullshirt. That is not in any way at all going to end up allowing a clever lawsuit to define the Californian government as a self declared religion or charity and hence unable to interact with law or regulation.
Ah yes I heard of that. Which the republican Federal government just stopped. And the high tax states started trying to work out how to reclassify their taxes as mandatory tax deductible charitable donations to government”” or some such bullshirt. That is not in any way at all going to end up allowing a clever lawsuit to define the Californian government as a self declared religion or charity and hence unable to interact with law or regulation.”””
I’m just happy they’ve even got as far as they have. Tesla started the worldwide race to EV’s. Even if they don’t make it and go bankrupt one day, I’ll always be grateful to them for that.
I’m just happy they’ve even got as far as they have. Tesla started the worldwide race to EV’s. Even if they don’t make it and go bankrupt one day I’ll always be grateful to them for that.
Convert?
Before Tesla it was taken as a rule of engineering that all electric cars had to be ugly little boxes that looked like they were about to fall over and were the first locally designed car to be built in Nigeria or something.
Then Tesla thought about it and realized that this was not so.
Ah yes, I heard of that. Which the republican Federal government just stopped. And the high tax states started trying to work out how to reclassify their taxes as “mandatory tax deductible charitable donations to government” or some such bullshirt.
That is not in any way at all going to end up allowing a clever lawsuit to define the Californian government as a self declared religion or charity and hence unable to interact with law or regulation.
State and Local taxes. The US people had been subsidizing expensive local Democrat run governments by letting people who lived under them deduct from their taxable federal income essentially all such taxes paid.
State and Local taxes. The US people had been subsidizing expensive local Democrat run governments by letting people who lived under them deduct from their taxable federal income essentially all such taxes paid.
SALT? Strategic arms limitation talks?
SALT?Strategic arms limitation talks?
I’m just happy they’ve even got as far as they have. Tesla started the worldwide race to EV’s. Even if they don’t make it and go bankrupt one day, I’ll always be grateful to them for that.
The $45K is only $35K after tax, he has done what he promissed? Gee, wasn’t the $35K vehicle going to be $25K after tax?
The $45K is only $35K after tax he has done what he promissed? Gee wasn’t the $35K vehicle going to be $25K after tax?
California will soon be facing a Proposition 13 like revolt. Probably in the next couple of years, as people will really not see how much the SALT deduction cap will hit until they file this upcoming April. So, good luck financing these tax credits for Tesla going forward. Enjoy them while you still can.
California will soon be facing a Proposition 13 like revolt. Probably in the next couple of years as people will really not see how much the SALT deduction cap will hit until they file this upcoming April.So good luck financing these tax credits for Tesla going forward. Enjoy them while you still can.
I still want one. In California. Just saying, GoatGuy
I still want one. In California.Just sayingGoatGuy
State and Local taxes. The US people had been subsidizing expensive local Democrat run governments by letting people who lived under them deduct from their taxable federal income essentially all such taxes paid.
SALT?
Strategic arms limitation talks?
The $45K is only $35K after tax, he has done what he promissed? Gee, wasn’t the $35K vehicle going to be $25K after tax?
California will soon be facing a Proposition 13 like revolt. Probably in the next couple of years, as people will really not see how much the SALT deduction cap will hit until they file this upcoming April.
So, good luck financing these tax credits for Tesla going forward. Enjoy them while you still can.
I still want one.
In California.
Just saying,
GoatGuy