Why no $7500 credit for regular production AWD? Read the small print.

[stainless]

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[Macgreiner]

That is with destination and order fee included which I believe are not counted toward the tax threshold sum.

 

[Mini2nut]

Chinese sourcing for the current 4860 cells disqualifies Tesla from offering the $7500 tax credit.

 

[Gothiclinks]

I spoke with Tesla sales yesterday, they said they are waiting on the IRS to designate the CT as eligible for the $7,500 Fed tax credit. He said the same thing happened with the Model3, took a few weeks for the IRS to catch-up.

 

[mongo]

I spoke with Tesla sales yesterday, they said they are waiting on the IRS to designate the CT as eligible for the $7,500 Fed tax credit. He said the same thing happened with the Model3, took a few weeks for the IRS to catch-up.

That's not how it works though. The manufacturer tells the IRS which vehicles it makes qualify and IRS puts it on the list.
Tesla is using cathodes imported from China for its 4680s. As of Jan 1 2024, that disqualifies the vehicle from the Clean Vehicle Credit. Panasonic sourced cells would enable getting the credit.

 

[cyberos]

Ineligibility for the $7,500 tax credit made buying a FS a no-brainer for me

However I think it’s tragic that the credit may never be available at all

 

[mongo]

Ineligibility for the $7,500 tax credit made buying a FS a no-brainer for me

However I think it’s tragic that the credit may never be available at all

Dry battery electrode production in 2025 with non-China mineral sourcing should do it. Same with Panasonic 4680s.

 

[Mini2nut]

It’s coming grasshoppers. Your patience will be rewarded with a $7500 discount of MSRP.

 

[Macgreiner]

No tax credit puts it out of my already stretched budget for me. $80+k on a vehicle? I just can't justify that and that is ok. Good fortune and heath to all that can!

 

[mongo]

No tax credit puts it out of my already stretched budget for me. $80+k on a vehicle? I just can't justify that and that is ok. Good fortune and heath to all that can!

Understandable, it's a big chunk of money for filling the transportation role.

 

[Gaximus]

No tax credit puts it out of my already stretched budget for me. $80+k on a vehicle? I just can't justify that and that is ok. Good fortune and heath to all that can!

Wise choice, 95%of the people on here with a Cybertruck can’t afford it, including me. If financing was required, it‘s not affordable.

 

[Mini2nut]

Tesla has you covered if the $80k AWD version is beyond your budget.

I‘m confident that the more budget friendly $61k RWD Cybertruck is on the horizon. I predict it will be a big seller in the sunbelt states. It just requires more patience for potential buyers.

If the $7500 tax credit applies your looking at $53,500.

 

[mongo]

If financing was required, it‘s not affordable.

So no mortgage for a house?
Having 100k on hand versus in a tax deferred retirement account isn't necessarily better financially.

 

[Gaximus]

So no mortgage for a house?
Having 100k on hand versus in a tax deferred retirement account isn't necessarily better financially.

House is something need to live, a $100k truck is not something you need. They have options for less than $5k and if you get a loan because you can put your $100k in a better interest gaining account, then you don’t need a loan to get the truck, you just chose a loan.

 

[Deleted member 17810]

That's not how it works though. The manufacturer tells the IRS which vehicles it makes qualify and IRS puts it on the list.
Tesla is using cathodes imported from China for its 4680s. As of Jan 1 2024, that disqualifies the vehicle from the Clean Vehicle Credit. Panasonic sourced cells would enable getting the credit.

That's exactly how it work. it's in the process of classification with whatever info and details Tesla has provided.

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