Update: Tesla has confirmed that today is the final day to design a car and place a deposit in order to guarantee delivery by 12/31/18 and get a $7,500 federal tax credit.
If you place a deposit on any Tesla via this referral link you will also receive a $100 supercharger credit.
Internal combustion engines have dominated the auto industry for over a century and have made countries with oil rich beyond their wildest dreams.
Tesla has finally managed to bring electric cars to the masses. Their design, speed, and auto-pilot are part of the fun that causes the Tesla grin, but what really has made Tesla a success is their Supercharger network.
Range anxiety is a big reason why electric cars have failed in the past, but with over 11K superchargers Tesla was the first to eliminate that problem. You can drive across the country and a Tesla will map out exactly where you can stop along the way to quickly supercharge your car so that you never run out of power.
If you take delivery of a Tesla by 12/31/18 you’ll get a $7,500 tax credit. That amount will be taken directly off of your federal taxes. Currently Tesla is promising to deliver all cars ordered by 10/15 by 12/31.
States like CA, CT, NY, NJ, and PA also have sweet incentives on top of that.
If you place a deposit on any Tesla via this referral link you will also receive a $100 supercharger credit.
A Tesla Model 3 with the extended battery range (310 miles) and the premium interior package currently starts at $49,000 before the credit or $41,500 after the credit. They are not currently selling the Model 3 without those upgrades. A $2,500 deposit is required to order the car, while the rest is due at delivery.
The federal tax credit goes down to $3,750 for cars delivered in the first half of 2019 and $1,875 for for cars delivered in the second half of 2019 before it goes away for good.
Another cool thing about Tesla is that they let you return a car within 2 days of taking delivery of it for a full refund if you don’t love your car!
Have you test-driven or do you own a Tesla? What are your impressions?
Is the Tesla the car of the future or will the big carmakers leapfrog Tesla?
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90 Comments On "Final Day To Place A Deposit On A Tesla And Guarantee A $7,500 Federal Tax Credit"
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The company is about to run out of cash. Wouldn’t rely on it.
That’s what they said about Amazon too 😉
Their Q3 results are going to be insane.
Umm, you’re conflating media hyperbole (Amazon during 2001-2003) and actual thorough analysis (Tesla for the last year) and it’s rather straight forward that Tesla will run into major trouble within 10-15 months.
Considering their high stock price, perhaps you should look into a short position given your certainty?
Lol. Doubling AMZN shares is all it takes to become a pro? 😉
A company that has nothing but losses, no earnings, no growth aside from the increase in cost of revenue vs revenue is certainly scary to any investor.
Although the of bankruptcy is low due to their passable Assets vs. Debt as well as sales growth is nice if only they’d turn a profit from that. They presumably will need to go for another round of funding as well.
The unpredictability of the company, the CEO, and the stock make it complicated even for a trader certainly for an investor, since the whole stock value is based on predictions with nothing behind it now.
It is the most shorted stock in the US market, it is also expensive to short.
He probably should have should have shorted it….Would have made a windfall…
Do you know something about the Q3 results we don’t know? Tesla never cracked 5K model 3’s per week since the first week of Q3…
Musk’s erratic behavior doesn’t help the cause.
Henry Ford’s anti-Semitism apparently didn’t hurt his cause.
Not insane, but not bad. How did you know? Inside info?
Do you think someone will just decide to buy a Tesla bc of your post lol
Lol, crazier things have happened. That’s how I have 9 free Fairmont Platinum accounts 😉
You bought 9 Groupon’s?
Living Socials, but who’s counting.
Pls explain, thanks
how do you get rid of all the nights every year before they expire?
By using them?
Can I use Marriott points for the purchase?
Lol, sure. Just call your neighborhood broker.
You can use your credit though for the deposit.
Is the federal tax credit refundable?
Dan, are you buying one?
It’s a tax credit. Dollar for dollar against taxes owed. Not a deduction. Far better.
And if no taxes are owed, would you get a $7500 tax refund?
No
Read again the question.
thanks Dan, In for 2.
ALOL
Dan… what model Tesla do you drive?
Right now I’m still driving my 2011 Altima 🙂
השמח בחלקו
Me2!
Keep it up Dan! Thats the way to go. Drive an old car even if you can afford a new one. I am a big believer in that. No need to get the newest and best of everything. Give the money to Tzedaka instead.
You have a better chance of selling a Tesla to the people that signed up to the Antartica cruise than here.
Ha!
Pretty sure they all read this site too 😀
I thought of getting a Tesla. And then my lust for cars suddenly went away. Went from driving 3 Audi A6 Quattros in a row for almost 10 years to a Lexus ES300h. Not a Toyota, but half the price, and I actually enjoy it more. I will probably drive fully electric or hydrogen one day. But not at the cost of a Tesla.
Have you test-driven a Tesla?
I’ve always been happy with my 8 year old Altima and never lusted after cars, but the Tesla grin is for real and electric sure seems to be the future. Well worth a test drive.
Dan, have you test driven a Tesla? what was your experience??
I was blown away.
When is yours arriving?
I thought they don’t offer Test drives
You thought wrong.
Never did test drive one. Last thing I need is to reignite the car lust. And a test drive is sure to do it. V’lo taturu applies to me here.
hey dan you remind me of mister buffett!! oh and by the way a gmar chasima tovah.
You’d have to drive over 160K miles to make up for the price difference at current gas prices. This is including the tax credit and free supercharging. Also reliability is only average ax rated by Consumer Reports. I’ll pass.
You’re not factoring in the lower maintenance costs and time saved by not having to change your oil and refuel.
But either way, for most people it’s not about the payback period, it’s about how fun it is to drive and how nice it is to kick the oil habit.
According to consumer reports, the reliability is only average. So the maintenance costs are about the same as other cars assuming you don’t have to replace a battery. You also have the time wasted finding a charger everywhere you go. But mostly I guess I like my gasoline engine the same way people like Harleys.
Other items are also less, for example Tesla has very little brake wear due to regenerative braking.
Most people charge at home unless they’re going on a road trip, so that is a good amount of time saved.
The battery of the model S is rated for 3000 cycles. At 250 miles per cycle that 750k miles. Do you know any car that lasts 750k miles? Maybe one: the diesel Mercedes E class used as taxis in Europe. By the way, the Honda Insight that was made more than a decade ago still runs.
My 02 chevy suburban has almost 300k miles and I’m planning on taking it all the way to 1 mil. lol.
I also have a 08 chevy uplander 180k miles. let’s see how long that will last.
truth
How long is this car around that we know anything about it’s long term maintenance?
This is one of the reasons why I don’t want to buy it. Their cars haven’t been around for long enough for us to judge statistically whether they are reliable or not.
I own a Toyota Prius. It rocks!
Fewer moving parts, so what would you expect to break down?
I prefer my nazi car, thank you very much.
Lol
All your nazi cars got burned up today on kings plaza.. to bad your car wasn’t there
Yemach Shmom v’Zichram
I’m with you, but they still have the best cars!
Would love to get one. One of my favourite, but I’m still waiting they should come out with an SUV.
The Model X is their SUV.
Gas is not a huge saving as I would mostly charge it at home and then I have to pay the electric bill.
Convince your neighbor to get one too, and “borrow” his charger “until you install yours”
Can I bring my tesla on the Antarctica cruise ?
And have you spread your credit cards on there while talking about your Ultima Along the coast of Antarctica discussing a reminiscing about credit card games and I’ll talk to you about my business
I love you
Hey! How’d he get here?!
by the way Dan charging at home can add a significant charge to your electric bill.(based on a friend who owns a Tesla up the road.)
Sure, but it’s significantly less costly and more convenient than gas.
To charge my car from 0 to full cost about $7 in Florida. The same cost to an s550 using premium gas is $60.
Also the amount of time I saved from going to the gas station adds up.
If you live in NYC and have Solar, you might be buying a Tesla soon. You are stuck with the extra solar you produce, there is no more selling to CONED. Might as well get a Tesla.
That depends what time of day you tend to park at home. If you’re out and about by day and park at home at night, you won’t have solar energy to spare for your car.
Got one – thanks Dan!
For all you TESLA haters, I’m sorry to break the news to you that ELON MUSK is one of the greatest visionarys of all time he has already proven everyone WRONG!!! And in 2-3 years from now there will be more model 3 on the road than camrys!
Dan couldn’t agree with you more what an awesome car the Tesla is!!!
Got one 2 yr ago just love it
Nobody is hating
So Dan are you getting one?
I bought a model s 60 2 years ago. It is the best car in the world hands down. If you are a doubters then you obviously have never driven the car before. The proof is in the pudding. Tesla had over 300k reservation for the model 3 without even seeing the car and another 100k after. I have not filled up gas in over 2 years. Done 5 road trips over 22k bliss miles. Tesla and electric is definitely the future.
If you have any questions about the car ask away.
in what do you work ? i look for a job that i will be able to afford such a vehicle
Tesla short
dan just curious would you invest in tesla now? the stock is at 260 which is down from the early 300s that it has been hanging around in the last few monts?
Dan, what happens if I order the car on October 25th for example and take delivery on December 15th for example, would I still get the $7,500 federal tax credit since I took delivery before 2019 or the order needs to be placed by October 15th? Thank you.
It needs to be placed today to guarantee delivery. After today it won’t be guaranteed, but you can still get it if you happen to get lucky.
Why not just place the deposit today? You can still refund it later if you want to
They said I only have 72 hours from when the deposit was placed to get a full refund. They did not mention anything about getting a refund after delivery….
Is it guaranteed that I can refund after taking delivery? I dont see that language anywhere online….
I always used to fight with my wife since neither one of us wanted to drive. It all changed about a months ago when I got the model 3.
All I can say it is an amazing car. I didn’t enjoy drive any car like I enjoy this one. The power is available in any speed and autopilot is amazing.
Thanks Dan! Ordered 20!
Hey, wait… this is not one of those Price Mistake deals?
Keep in mind you still have to pay taxes on the full value of the car, (49K) even with 7.5k Tax credit.
Just curious if you ordered a Telsa, received the car on or about 12.31.18 and then returned it within the allowable return period (ie. 1/2/2019), would you still be able to qualify for that $7,500 tax credit on your 2018 tax return? And if so, would you then have to add it back to your 2019 tax return since you returned the car back in 2019? Anyone know?
Sounds like a question for a tax attorney.