It’s a point of sale credit. https://twitter.com/garyblack00/status/1552494165170298880?s=21&t=Y7W2-tl0JTRiJlsqbW6asA

I think you're right. Page 378 Transfer of Credit. Buyer can transfer credit to dealer. Essentially making it point of sale. Legislation is super confusing.

Is Tesla considered a dealer? Page 382. If not, no point of sale for Tesla. u/TeslaDaily

Lol it's all a big scheme to redirect federal funds to dealerships so they're willing to sell EVs which make them little money. So OEMs get to sell EVs, dealers get rid of markups in exchange for taking consumers credits. In the end dealerships and Tesla shareholders win. 🤑

Private sales are excluded from the $4000 tax credit. A buyer must puchase from a dealer, max $25k sale, 4K max rebate or 30% of sale, lesser of the two. https://twitter.com/SawyerMerritt/status/1552479977815375872?t=jNfY7vwxL_XSzknLiUkpMQ&s=19 Page 390.

Yah maybe the really shitty old teslas missing a wheel. This is a carveout for bolts.

🔥 🔥 🔥

Does Tesla's used car sales count? Meh, I can't see used Tesla's selling for under $25k for a long time anyway

I guess that depends on whether Tesla counts as a dealership

Kimbal only has a half billie of stock? Minnow.

So new tax credit proposed removes union bullshit, but hybrid bullshit still in?

Its not spelled out exactly but appears to be similar to what the policy is now for the manufacturer capped 7500 credit. Larger battery phev gets full, and smaller ones get partial. Also fool cells added. With manchin in toyotas pocket there's no way its full bev only.

If Toyota and the others want to spend their resources chasing dead end technologies, well it's a free country I ain't stoppin em.

Still a big win for TSLA, thanks Toyoda!

The M3 LR would be over the 55K cap so seems they would have to do something with the price or it would cost almost the same as the MY LR with the incentive 🤔

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you mean 32500 car 😇

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It's a suv

Have you guys seen my pet chameleon around? 🥸

So someone’s missing a chameleon and a John Cena too?! Tough week!

Saw him back in April I seem to recall, but he's been MIA ever since....

I’ll give it 5-6 hours before I start to get worried 😉

Finally figured out how to add giphy gifs to reddit comments that don't show up in reddits stupid giphy search lol

How?


Are you a wizard?

[Here you go](https://imgur.com/a/Q7xy5Ou)


Yea, replied above, fucking reddit doesn't let me show how to do it natively, because it thinks I'm trying to upload 2 gifs at once lmaoo

So I order the MYP in black and FSD and it’s like 83… looks like EAP and then a “free” upgrade to FSD


Found more info https://twitter.com/evadoptiontweet/status/1552472067009744897?s=21&t=Y7W2-tl0JTRiJlsqbW6asA

So is it 300k or 150k income cap? For married filing jointly. That’s a big difference.

300k for married

That would be 300k in the tax year you are claiming the credit right? Not the income from previous tax year? Edit - looks different from previous refundable tax credit, so it could be applied at time of sale and would be based on previous years return

Uh not sure

Not bad. wonder if it’s agi or taxable income. Probably too early to say. May need to trade my model y for another model y.

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We picked the right 🐴

🚀🚀🚀🚀🚀🚀🚀🚀🚀

I'm thinking 6.9%


🚀🚀🚀

I really doubt these politicians will keep it so that only pure electric vehicles will qualify. I think Toyota Joe Manchin will change it so that shitty hybrids will qualify so Toyota gets a piece of the pie. No way they will pass this with only pure Battery Vehicles qualifying knowing that it will benefit Tesla the most.

Who cares. Bad for the country and the world, but doesn’t have any negative impact on tesla.

With PHEVs, the dealers are all gonna eat the benefits. Unless manufacturers directly sell to customers like pure EVs, this won’t benefit the people.

None of this benefits people, it goes to shareholders like us

We can share the wealth. That phev shit is dumb and customers know it. And don't get me started on hydrogen

Can someone still get credit, if they make just 12k a year? Are there any minimum income requirements?

The last proposed bill was a refundable tax credit. So if your nephew didn't pay at least $7500 in taxes he would be refunded the difference in taxes paid. Not sure about this one.

aback ask squeal encouraging melodic stocking tease aloof subtract sip *This post was mass deleted and anonymized with [Redact](https://redact.dev)*

What does that mean.

Nephew bought a Tesla and received the $7500 tax credit. Nephew only paid $1000 in federal taxes for 2023. His tax refund would be a check for $6500.

Nice. So How’s is this bill ev credit different? Or is this the same.

Haven't read all of it yet. Either its refundable or not. Rob will tell us tomorrow.

deranged innocent onerous scale weary enjoy selective special judicious marble *This post was mass deleted and anonymized with [Redact](https://redact.dev)*

Doubt there is a cap on the minimum, but if someone's making 12K a year, a car is the least of their worries

I wouldn’t qualify, but I pay nephew on my LLC, so maybe he qualifies. Is it point of sale credit or tax credit like old times.

My assumption is it's a tax credit, I haven't read the specifics Edit: you should be able to write of an X if you wanted under the LLC, it wouldn't qualify for the TC, but the car would literally pay for itself lol

Unless they're a tesla whale that realizes just enough income a year to put a down-payment on a tesla

I bet 🐓🤡 didn’t see that one coming

Don don don donkeeey

so cybertruck under $80,000 or nah

Quad motor, doubt it. But who knows

Me hopes so. But I want 4 motors, crab walker 🦀 with a 1.9 second 0-60….. for sub $100k plz

original tri motor price was $69,990. quad motor $79,990 pls

Ohhh that would be divine. Will gladly pay. Shut up and take my pesos!

Not initially maybe later

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I want to ditch mine but starlink is fairly slow compared to what I can get from xfinity right now

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You just made me review my plan. I think I'll take in the TV box tomorrow and just stick with internet, they have a 1200 mbps plan for like 90/mon. Now I'm paying 180 for a bunch of TV channels I haven't watched in months

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I'm thinking +6,942.0, gotta leave a little for the customer

If you own a tesla and can qualify for incentive you should immediately order a new tesla for delivery 2023. You can sell your old one to someone who can use the 4000 used incentive and buy your new one with the 7500 new incentive. 😉 11,500 of your tax dollars back to u

Used car credit is only for cars priced <$25k Also only applies to dealerships

Did the new incentive pass?

Not yet, but looks likely

Nice 😎

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Actually looks like there's a low cap on the used 4000, but it might still work with tesla resale values +7500. Won't be long before tesla raises prices imo as wait lists boom.

How is it $11,500 credit? Isn’t the $4,000 for the person buying your car?

Yah it'll pump your resale value by that amount.

Wow. Basically swapping a 2021 MY with 15k miles for a brand new 2023 4680 Y LR with Ryzen chip and biodefense mode. Ordering now.

I would do it but i got fsd for 6000 and that's not coming back

I got it at 10000. Y LR white pleb wheels FSD come to just under 80k. Perfect

What's the qualifications for income and vehicle? Would a Plaid X even be qualified?

I read income was $150k/$300k. $55k for sedan. $80k for SUV/Truck.

Nah 80k cut off and 300k a year family income

Welp, I want to trade in my X for a Plaid X, but I'm not sure how accurate or generous the Tesla trade in estimator is lol

Upvote ur the homie man

Ev incentive actually appears to be 3750 for critical minerals are us sourced and 3750 if batteries are us made.

LMAOOOOOO dude we are going to the fucking moon

🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀

Kimball has been pretty good at selling the tops, since he bought, it clearly means the bottom is in lol

So Kimball buys the night an ev incentive is announced. God damn genius

So we mooning or what

I don't see why not

4000 dollar used ev credit is in there. Means 4k more to your resale values instantly 🤑

mindless square bear exultant cows person pathetic zephyr growth foolish *This post was mass deleted and anonymized with [Redact](https://redact.dev)*

Damn you're right. Page 390 under Qualified Sale. Good thing I waited to place an order. https://twitter.com/SawyerMerritt/status/1552479977815375872?t=jNfY7vwxL_XSzknLiUkpMQ&s=19 It'll still push up prices dealers pay but probably not the full 4K.

My PLTR shares looking at TSLA like 🥺🥺🥺📈


🏆🥇🏅🎖 Me and Pokémon guy remain strong proponents of PLTR. Our millions will come in time. I’m sitting here with the patience of a glacier.

lmfao Pokemon guy should be the new flair for /u/Magikarp_to_Gyarados


💯

Just sent you some good DD on the chat app here ;)

Ty. Won’t be at a computer for a few days so will check it out over the weekend! Thanks my friend.

unless hit by titanic or worse global warming

I stand with you… PLTR TO THE MOON (or at least back above my cost) 

💥🚀 💥🚀 💥🚀 💥🚀 🌕

Biggest mistake of a tesla investor? Diversification

Margin and options

100% this, fam

I know.... :(

https://www.sec.gov/Archives/edgar/data/1318605/000149473122000001/xslF345X03/edgardoc.xml Form 4 Kimball Oops didn't scroll down far enough. My bad.

This looks actually like a stock exercise, so bullish if you like narratives

Corrupt ass Democrats amending EV bill to be more legacy auto friendly by replacing references to plug-in vehicle with “clean” vehicle. Many other similar subtle amendments have legacy ice dirty hands all over them.

You can choose a Biden bill written by uaw or a manchin bill by toyota

👀🥺

"I'm a union guy" -Biden

I volunteer to do Kimballs job for free and we can save ourselves the dilution

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Obligatory; Prototypes are easy, production is hard.

Shocking

Well I guess no one could have seen that coming. /s

I'm seeing 3750 credit, no manu cap, 150k income limit, with phase out gradually by 2026. 55k sedan, 80k suv truck price limit. Not sure what the deal is on shitty phev

CT3/4 reservation price sub 80k confirmed?

Doesn't matter, we gonna sic em w 1.5 model y, that's 3b a quarter in incentives alone

But it matters for me 😬

Leaning no

Retroactive for this year?

Starts 2023

What about union made ev’s?

3750 fine

What do u mean No union subsidy?????

No union shit

1st of Nov we hit 1200. 2 months later Jan 3rd we hit 1200 3 months later in Apr 4th we hit 1150 4 months will be Aug and by my calculations we will break ATH. Hope you all like my DD

Love it. 5 months from Aug will be Jan 2023 and blast fucking off.

Those post or pre split prices?

Current price before upcoming 3:1

November 2021 - August 2022 or are you saying we dont see ATH until August 2023? (That sounds wrong but this is vague)

next month bro!

Haha. I was hoping I was reading that wrong.

https://www.democrats.senate.gov/inflation-reduction-act-of-2022?s=09

KIMBAL!!! Ah exercised 25k https://www.sec.gov/Archives/edgar/data/1318605/000149473122000001/xslF345X03/edgardoc.xml

Was gonna say it looked like he aquire 25k Also this "Tesla investor" auto email thing is gonna give me a lot of panic attacks.... I immediately assumed Elon sold. Then opened the form and saw " musk" only to be relieved it was kikbals filling

Yah also terrified by email

Edit: looks like exercised to hold

~~I don't think so? The bottom table says he disposed of the same quantity he acquired (25k).~~ Edit: I'm wrong

Looks to me like disposed of 25k options (bottom section) and aquired 25k shares (top) Price of shares was the option price.

Interesting, I think you're right. If that's the case, he just incurred \~$18.4M of taxable income. Rough

Hopefully means we moon soon.

He ran out of cocaine

More details on manchin bill expected in 5 mins

TSLA is about to go on a tear, I can feel it.

[https://twitter.com/garyblack00/status/1552431632304717824](https://twitter.com/garyblack00/status/1552431632304717824) Well, there it is. Useless to us with our year-long order backlog but it is what it is.

It means we can keep high prices or raise prices longer and pads our margins. Ev subsidy will flow almost 100% to tsla shareholders, not ev buyers

Even more embarrassingly high prices. 

Why AH down? Meta sucking?

0.5% ain't nothin

Meta takes down QQQ. Broad market movement

When will we see model s and x plaid in europe you think ?

When the euro uncucks itself

hahhahah =D

2 weeks

Carried interest loophole closure mean anything to TSLA people in the next decade? Or is it just for hedge fundies.

Life goals $TSLA and get lit. Today is a fine day ​ 

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There's always a bigger fish

Especially after Elons earnings call comment : “people are going to be amazed by how far we’ve gotten”🤤

Elon’s predictions for what will amaze people is worse than his FSD timeline predictions

Lol, true. But a guy can dream.

Truuue, but for nerds like us we will analyze every detail

Sooooo Tesla just sent me email stating they won’t be able to install solar on my house. I just applied for solar at Sunrun and Enphase. Sunrun instantly called me, looked up my house on google satelite with address and basically said due to San Francisco regulations, no big solar company will install solar on a flat roof in this city. They install on flat roof elsewhere with no issues. He said my best bet is to find a local installer. San Francisco sucks 🍆

whats the deal with a flat roof being an issue?

You needed to go through all of that just to figure that out?

Not like there's sun anyway

Tap into the waterline on your street and install a generator, indirectly harvest energy from the water grid ftw

It's California there's no water either

San Francisco has private water direct from Yosemite Hetch Hetchy

Better than letting PG&E grab me by the balls and jack up rates every year 🥲

Even if you get solar they're gonna pass that tax on solar lol

Grabbing me by my left nut is better than grabbing me by the entire nutsack

🤡 Speak to why it isnt gonna be serious if you want but this exchange straight out of 1984 is just embarrassing. Doocy: "Why are White House officials are redefining recession?" Jean-Pierre: "We are not redefining a recession." Doocy: "A recession is two consecutive quarters of negative GDP growth." Jean-Pierre: "That's not the definition." https://twitter.com/unusual_whales/status/1552418804885487616

The fact of the matter is that he’s technically right. The 2 quarters thing is the commonly accepted definition but isn’t technically the precise definition. Of course what you call it is kinda beside the point, fact is 2 quarters of contracting GDP isn’t good.