How many people reserved a Tesla but expect to cancel?

#1

Post by SamSkillz » Sat, Apr 02, 2016, 1:58 PM UTC

I reserved a Tesla, but I expect to cancel. I do not have a place to set up the charging station. I also Uber most of the places I go. However, I reserved since getting at the top of the queue might give me $7500 back in federal and state rebates, which only apply to early folks.

What were your motivations for reserving or not reserving?

Re: How many people reserved a Tesla but expect to cancel?

#2

Post by jtw549 » Sat, Apr 02, 2016, 2:07 PM UTC

Whoa...you get $7500 just for reserving?!?! I may do this then. I really want the tesla x but need to do more research on it. I would reserve just for your reason alone.

Re: How many people reserved a Tesla but expect to cancel?

#3

Post by troydavis » Sat, Apr 02, 2016, 3:05 PM UTC

jtw549 wrote: post #2

Whoa...you get $7500 just for reserving?!?! I may do this then. I really want the tesla x but need to do more research on it. I would reserve just for your reason alone.

No. The first 200,000 actual deliveries to the US from a given car maker are eligible for a $7,500 credit in the US. Reserving merely gives you a shot at being among those, iff you do choose to purchase. After the 200k threshold is met, the $7,500 credit gradually decreases over 1 year.

Source: Plug-In Electric Drive Vehicle Credit (IRC 30D), https://www.irs.gov/Businesses/Plug-In-Electric-Vehicle-Cred...

Re: How many people reserved a Tesla but expect to cancel?

#4

Post by jtw549 » Sat, Apr 02, 2016, 3:59 PM UTC

troydavis wrote: post #3

jtw549 wrote: post #2

Whoa...you get $7500 just for reserving?!?! I may do this then. I really want the tesla x but need to do more research on it. I would reserve just for your reason alone.

No. The first 200,000 actual deliveries to the US from a given car maker are eligible for a $7,500 credit in the US. Reserving merely gives you a shot at being among those, iff you do choose to purchase. After the 200k threshold is met, the $7,500 credit gradually decreases over 1 year. Source: Plug-In Electric Drive Vehicle Credit (IRC 30D), https://www.irs.gov/Businesses/Plug-In-Electric-Vehicle-Cred...

Ohhh! Thanks...so I have to be in the 200k. Dang.

Re: How many people reserved a Tesla but expect to cancel?

#5

Post by greglindahl » Sat, Apr 02, 2016, 7:07 PM UTC

jtw549 wrote: post #4

troydavis wrote: post #3

Earlier quoted context omitted.

No. The first 200,000 actual deliveries to the US from a given car maker are eligible for a $7,500 credit in the US. Reserving merely gives you a shot at being among those, iff you do choose to purchase. After the 200k threshold is met, the $7,500 credit gradually decreases over 1 year. Source: Plug-In Electric Drive Vehicle Credit (IRC 30D), https://www.irs.gov/Businesses/Plug-In-Electric-Vehicle-Cred...

Ohhh! Thanks...so I have to be in the 200k. Dang.

... and Tesla has shipped 100k Model S/X cars already, with 70k more (projected) in 2016 and more in 2017. So it's likely Model 3 will enter the phase-out period quite early.