Tesla Master Thread

[coffeebean]

Such bs.

[EJB]

Tesla told me at that time that they would be submitting for the rebate manually once CU updates their vehicle list and would apply it to me at the point of sale. Which they did.

[jackofall]

Any info in how to obtain the $7,500 Federal credit. Do I have to wait for when I file 2023 taxes? Purchased in 2023

[EJB]

Any info in how to obtain the $7,500 Federal credit. Do I have to wait for when I file 2023 taxes? Purchased in 2023

Yes assuming you qualify.

[Dan]

Yes assuming you qualify.

You can qualify based on '22 or '23 agi.

[EJB]

You can qualify based on '22 or '23 agi.

Yes. But regardless it’ll be on the 2023 filing even if based on 2022 agi.

[avromie7]

Any info in how to obtain the $7,500 Federal credit. Do I have to wait for when I file 2023 taxes? Purchased in 2023

Yes, but you can reduce your withholding throughout the year to offset.

[STL EQUITIES]

my tesla 3 rwd is ready at the delaership, and i plan to piock it up sunday. i live in ny and originally ordered it to there. however,, i work in nj and would love to be able to get the 4k plus not pay sales tax

any suggestions if there is a way i be eligible for nj credit. like can i register it to my office. i have a ny driver license. not interested in registering it to anyone else. i have family in jersey but not worth the hassle/insurance risk etc

[JM]

Yes, but you can reduce your withholding throughout the year to offset.

Feel like we keep going in circles here...Reducing your withholding has nothing to do with your actual tax liability and your ability to take advantage of the credit. You can keep your withholdings the same and if you still have tax liability after all other credits, you will receive a refund for this credit. Your tax liability just cannot go into the negative because of this credit

[EJB]

Feel like we keep going in circles here...Reducing your withholding has nothing to do with your actual tax liability and your ability to take advantage of the credit. You can keep your withholdings the same and if you still have tax liability after all other credits, you will receive a refund for this credit. Your tax liability just cannot go into the negative because of this credit

He’s responding to only getting the credit in 2024.

Not that some ppl won’t qualify at all due to too high or low incomes.

[JM]

He’s responding to only getting the credit in 2024.

Not that some ppl won’t qualify at all due to too high or low incomes.

Don't believe that made a difference to the point I'm making

[EJB]

Don't believe that made a difference to the point I'm making

Then I don’t get your point. Reducing withholding lets you take advantage of the credit quicker and you can earn interest on that money.

[whacked1]

Anyone know if you can get the nj charge up credit twice ? I got it in 2021 on a tesla. can I get it again in 2023?

[Realshlomo]

Anyone know if you can get the nj charge up credit twice ? I got it in 2021 on a tesla. can I get it again in 2023?

Iirc it's max 3 times.

[EJB]

Iirc it's max 3 times.

Correct. But can prob change to spouse thereafter

[yelped]

Iirc it's max 3 times.

They keep on changing it. Originally was four times in 10 years. Now it's three times in 10 years.

[Thingywingy]

It's impossible to know what the IRS will decide, but I think most likely is being completely ineligible for the tax credit.

Isn't $3750 of the credit contingent on battery sourcing and the other $3750 on final assembly in North America, which Tesla should satisfy?

[EJB]

I agree. I think all models will qualify for $3750 after March.

M3 SR will not qualify for anything more.

Other models, depends on the rules that will be implemented.

[avromie7]

Isn't $3750 of the credit contingent on battery sourcing and the other $3750 on final assembly in North America, which Tesla should satisfy?

No. The final assembly in NA is already in effect today. The future requirements are:

1. Critical battery minerals: To qualify for this $3,750 credit starting in March 2023, at least 40% of the critical minerals in the battery must have been either recycled in the U.S. or extracted or processed there (or in any country that has a free trade agreement with the U.S.). After that, the required percentage increases to 50% in 2024, 60% in 2025, 70% in 2026 and 80% in 2027.

2. Battery components: To qualify for the remaining $3,750 credit starting in March 2023, at least 50% of the EV's battery components must be manufactured or assembled in the U.S. (or in any country that has a free-trade agreement with the U.S.). After that, the percentage increases to 60% in 2024-2025, 70% in 2026, 80% in 2027, 90% in 2028 and 100% in 2029

[Thingywingy]

@avromie7, thanks for the clarification! I know that Tesla gets most of their battery's critical minerals outside of countries with a free trade agreement with the US, but do they not manufacture/assemble the batteries in the US?