Big EV Credit News, Tesla Price Changes, Cybertruck Updates, Brand Loyalty
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- Опубліковано 8 жов 2023
- ➤ IRS and Treasury Department issue EV credit guidance
➤ Tesla lowers prices, changes other incentives
➤ Tesla livestreams Cybertruck in Mexico
➤ Cybertruck castings at Giga Texas
➤ China sales update
➤ Tesla comments on lithium refinery
➤ V4 Supercharger installations begin in US
➤ S&P publishes automotive brand loyalty data
➤ Union updates
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Executive producer Jeremy Cooke
Executive producer Troy Cher asaro
Executive producer Andre/Maria Kent
Executive producer Jessie Chimni
Executive producer Michael Pastrone
Executive producer Richard Del Maestro
Executive producer John Beans
Editing assistance by Jasem Ashkanani
Music by Evan Schaeffer
Image(s) and/or footage used under license from Shutterstock.com
Disclosure: Rob Maurer is long TSLA stock & derivatives - Наука та технологія
RE: inventory discounts, I can confirm in the last week of the quarter, I and a friend of mine both bought a Model Y Performance at $4000-5000+ discount. Those discounts are gone now.
Norway and Sweden pricing increase is just correlating with the lower currency values in those countries.
tax credit change is MAJOR for me. as i am retired, live frugally and have little tax liability from year to year. in fact, because a model costs less than the federal long-term capital gains tax (my major tax liability from year to year) i can take advantage of the entire federal incentive, making the model three about a 33,000 car. oh yeah! now i can justify splurging on a RED one. :)
Go for it! And put a FRUNKENSTEIN in the Frunk!
Get the likes up for our man.
Thanks Rob and welcome back! It looks to be a crazy week we are heading into.
Indeed. This weekend has been insane not just for EV news. So much going on in the world.
That's for sure..
The CyberTruck looks great! I hope Tesla makes a sprinter-style, ~20Ft-long vehicle with an expandable solar array on its roof. It'd be such a perfect camper van
Unions in Europe are a lot different then It's counterpart in Usa, I feel. First of most workers, blue and white collar, are unionized in Europe. I think the numbers are close to 70 percent. And inleast Sweden unions work with the company and many times work to keep salaries down our at reasonable levels so that the company survives. It's a bit different for smaller companies with less then lets say 20 employees where the demands for unions could be rough.
They seem to share intellectual dishonesty with the UAW here, in view of their fabricated claims about Tesla in many instances. When there's dishonesty, corruption closely follows.
Another glimpse of this corruption is in VW's recent news regarding hiring Brazilian prostitutes for some high ranking members of the union membership.
It's a bit concerning, it seems the heads of such organizations may sometimes be in it for themselves rather than the members under their umbrellas.
Well done Rob!
Here WE Go Again , Nice Rob
Rob, suggestion: besides tracking the "starting at" prices for all the models, please also track the price to purchase the Autopilot and FSD. It's an interesting insights to prove Elon's point about making more profit by selling a more expensive software upgrade.
And acceleration boost 🚀🚀
They don’t change that often and we have no idea what the take rate is. But I guess you mean you would still like to be able to see them in the spreadsheet as well.
Thank you Rob
Hey Rob, could you show your table for historical price development also adjusted to inflation? Maybe that's interesting
So if the EV rebates are offered at the 'dealership' (or whatever Tesla's equivalence is - potentially the website?) wouldn't that also be a huge reduction in registration fees? In CA I believe it is the sales tax which is at least 7.25% with some cities over 10%. So on a $7500 rebate/reduction in the price that would save $750. Please correct or confirm if anyone is in the know! Thank you!!
It would depend on how the CA sales tax is calculated, based on the sale price or the final transaction price.
Fantastic!
If the auctioned CT was the OG prototype with the broken windows, I bet it will sell at least a couple of million dollars.
Another words, legal thievery of the subsidy. Mark this post - the dealers will garnish all of the rebate instantly because they will jack up the price in various fees and services.
And Tesla will do the same, lookout for 7500 price increases in December.
Your scenario could be an issue if GM can sell more than a dozen EVs…
What are the income requirements for the tax credit?
Where at in Oregon? “On the v4 charge”
0:47 a line graph would better show the trend of the prices
I agree. For some of us, looking at a table full of numbers just doesn't give us a good feel for the timing and proportions of the changes.
Even just a small basic graph below the table, that takes just three clicks to automatically generate from the table, would help immensely.
Will they replace/upgrade the v3 to v4?
Does it strike you as strange that the delta on the 3 going from RWD to LR is $7K and on the Y it's $4.5K?
Not sure. Model y should have better margins due to castings
Awesome because I may be the one without much tax liability.
The accident story in Berlin has been corrected. Most accidents are light ones and are related to construction work and not car production.
Thank you Rob🔋⚡️🚘 Loved the Cybertruck Baja video! Every time Tesla lowers prices it makes me happy because more people can dump gas cars and buy an ev. For the mission FTM!
I wish Tesla would have superchargers all the way down to Cabo.
Wow that credit change is nice.
Ford should not give in to the UAW over the battery plant. That will put the final nail in that venture. GM has already sealed their fate.
Of course Tesla fanboys are anti union. 😅 Leave it to idiots to suck up to billionaires because they hope they eventually will be filthy rich as well and can also treat employees like shit.
Here in the UK government subsidies have always been channelled through the car dealer, back in 2021 when I bought my MG MG5 (station wagon) I received £3000.00 from the government, £4000.00 from MG (SAIC) as an incentive + £1000.00 for my trade in car, which meant that the car cost me £22000.00. On top of that as I live in Scotland I was able to apply for & receive an interest FREE loan of £12.500.00. The remainder came from my savings.
Wait..am I understanding 5:05 correctly? If I break even at tax time, meaning $0 return and I don’t owe anything…I won’t get a $7500 check from the current tax program? Sorry if this is a dumb question.
If you bought your Tesla in 2022 and you meet income limits, as long as you paid $7,500 in taxes over the course of 2022 (likely out of your paychecks), you'll be fine. If you buy in 2023, you don't need tax liability, which is great for folks who don't pay much in taxes (retired or low income).
@@ingridmalmgren857 Ok I also read it as after April 2023 is the latter portion of your explanation. But would property taxes and capital gains taxes count with that?
Tax credits is good for Tesla, but bad for US debt. Tesla would have a bigger advantage over their competition with no tax credit, and US debt would be better off as well.
US debt? That was a lost cause long ago. They'll just print more if they need to, lol.
In the short term, yes, but in the long term, we as a nation would be more efficient and will be spending LESS energy (and dependency on foreign oil). We will be better off. You have to look at the big picture.
The ev tax credit has little impact on our debt. Relax. There are approved budgets that far exceed that amount via military spending...none of which we are allowed to know about..yet its our money. Are you not concerned about that? Hundreds of billions to military black bag..yah..its a real thing. Why not focus on that then a small ev tax credit bill that ends in 2030...your military ever expanding budget does not....that should concern you more.
@@williamgrunzweig571 Don’t get me wrong, I love seeing teslas on the roads, but I much more prefer my freedom.
@@7daniel49 I don't know what any of that has to do with freedom.
Great to see CT driving around some more, but the live stream itself only showed them driving down a road like @dirtytesla dies every day :)
Has anyone looked at the differences between the before and after price cuts to find if there have been other changes? In other words if there was an item that was previously included as a part of a package that was moved into an option after the price cut. If you want that item then that will lower the discount.
Just asking for a friend.
👍
How do you view the decreasing demand in Germany?
The brand loyalty news is a big deal IMO, given all the handwringing by certain fund managers over Elon’s posts on X.
I swear to god if he never messed with x, cyber truck would have rolled out q1 this year, and we would def deliver 2.5 mill vehicles this year. Smdh
I wish they didn't mess with stalks.
As a 3/Y owner w FSD on both, I almost got the X w FSD transfer, but I just couldn't get over the loss of stalks.
They'll lose a huge market share with this IMHO. I'm now waiting to test other cars now.
Huge Tesla bull here, I can't believe I'm saying this. But they keep making the *driving* experience more niche and worse.
@@MrTonytalk "I swear to god if he never messed with x, cyber truck would have rolled out q1 this year, and we would def deliver 2.5 mill vehicles this year. Smdh"
Elon buying Twitter did not have a big impact on the already existing plans and the execution of them by the highly competent Tesla team.
@@MrTonytalkmoney is not everything , Twitter was so fucked up , please stop be so short sighted
Regarding the tax credit is on an honor system and there's no recapture. No room for error there. WV Senator Joe Manchin is objecting
"IG Metall" is pronounced "EEH-gay may-TULL"
Not in the US.
Nope, not even in Germany. How about using IPA instead of… whatever that is?
@@peterfireflylund I was taking some liberties to get as close as possible without using the phonetic alphabet, which I don’t know how to type here, and which most people who would need it cannot read anyways. :-)
@@matthiasheymann you were quite close - i'd made the same post. more like soft "mehh"-tahl.
Do you anticipate discounts in December so that everyone isn’t waiting till January? Personally I say let inventory build up and make more money in January when the pent up demand starts buying.
Woohoo!!! #1. Missed you Rob
Yes, finally some guidance from the IRS. I've been posting comments on Vikings channel, yours, and others as to why we have no guidance yet. Well, ask and we shall receive. I'm very greatful you have this channel. I hope you know how much we appreciate all your hard work.
This news on the ev tax credit helps so much. I was wondering how the pos credit will workout without direct interface with the irs database. This answers it..a bit old school execution..but its something.
The next question is which Tesla will use qualifying batteries...to get the full 7500 still.
The LFP is from China..so maybe not that one? The standard range I guess will use those..and maybe the new long range as well? I think there was mention that LG Will supply the long range battery pack?.. Will the performance use 2170 from panisonic or LG..will those packs qualify? I think the lithium for those comes from Australia..who does have a free trade agreement in place..then there is that rule under the IRA about pack and percentages..
Great news all around. Ty so much.
Does Tesla make cars and sell them, or make them in response to orders?
Yes
Don't these price changes incentivize people not to buy when they raise the prices back up? Why buy when the prices are higher if you can wait.
The credit doesn't change. It's not a refundable credit.
You mean it’s not a rebate but it’s something that you have to reconcile on your taxes even if your income falls below the threshold?
@heythave A refundable credit is a tax credit you receive even if your total income tax is zero. Which is not how the EV credit works in 2023 or 2024. Just in 2024 you can have the credit reduce the price at time of purchase but might have to give it back to the IRS when you file your tax return if you end up not qualifying at year end.
no, it becomes refundable in 2024@@dougmanck4149
@@dougmanck4149well said. It's very stright toward as you stated. Not sure why its so hard for viewers to compehend this.
@@dougmanck4149 Then that’s not good because a lot of people don’t have a $7,500 tax bill to offset this credit.
Car price of truck
Love❤
Post direct to x
Polestar will keep the government rebates because there cars of made of 70 percent recycled products. And want to achieve 99 percent. Also the North Carolina plant is opening early 2024. I own a ton of tesla. But bought some Polestar wich I believe is the best ev startup hands down.
Tesla Loyalty Rate 67% but probably will be 69 soon.
#99 thumbs up 🎈
Cybertruck
EEEEE-Gay Meh-tahl
Model 3/X are less expensive than the average vehicle purchase price in the US and yet EVs represent less than 10% of vehicle purchases. This is proof the EV market is smaller than the ICE market
...but growing rapidly
@@tomrichardson651 not as fast as Tesla can increase production
True. @@abstractreasoner
@@tomrichardson651 you’re okay with that? What about the fact that the TAM is significantly larger than the current EV market? I don’t think Elon understands the difference. Rob already said there’s no such thing as an EV market so he doesn’t get it. Gary Black gets it. He keeps tweeting about educating potential customers which is an excellent marketing tool especially for a disruptive product like EVs. The best marketing tool I can think of for Tesla is to offer free in home charging installations instead of price reductions. It’s very common for people to not bother with a properly installed and permitted level 2 charger. They just live with the limited power of a standard outlet. Tesla should think of the charging network as including all the residences throughout the world. Imagine a family who isn’t considering EVs for their next purchase, moves into a home with level 2 chargers already on the wall. If that causes them to consider an EV, that’s an EV market expansion.
No commet
4th im getting closer!
As you indicated, it's not just having to wait until tax time. A very high percentage of Americans don't pay as much as $7500 per year. The problem is: many should not really be buying new cars because they can truly only afford used cars. This is tempting them to make bad decisions, similar to the students taking on hundreds of thousands of dollars in student debt and mortgaging their futures.
Eh, If a buyer can get the loan for a car..new or used..that's between them and the lender.
True. So when they default and their credit is ruined it is only on them, right? I am just saying that public policy and subsidies often harm the people the politicians claim they are helping. What percentage of people who pay less than $7500 in Federal income taxes are better off when they take advantage of the deal they can't resist?
I bet my house that the subsidies disappear. They will surely realise now that Tesla doesn't need support of rebates. And the legacy unemployment issue will be come a major political issue..
Dont bet your house - the subsidies are for other manufacturers as well
@@dadman9492I HOPE they gi away. I'm a big Tesla fan, owner and investor...but I'm an American first, and the consumer end of the IRA is excessively expensive, unnecessary, and subject to corruption by OEMs making plug-in hybrids. 🦨
The original plan was sufficient - rebates for the first 200,000 produced.
US in a tech contest with China. Subsidies will last until US wins.
Congratulations you're now homeless.
If I was flush with cash I'd get my hands on one of those cyber trucks and modify it. Out comes the battery and in goes a big diesel engine with some oversized stacks. Or, now that I'm thinking about it, the battery can stay, the diesel goes in the box, and it's a diesel-electric. Just needs a train horn.
Boomer! Booooring!
But, as you said, you dont have no Money! Hahahahaha! Boomer, no Winner! Hahahaha!
Easy to see WHY you’re not flush with cash. . .😊
Tesla stock is red every day. Quote. End quote.
There are no big news,stop lieing!
How many of the sick workers were jabbed? Asking for a friend ;-)
Views dropping for Tesla fan boi channel 😂😂😂
Thx for a view and comment for the algo
Is that even true? The views seem pretty consistent going back a few years.
@@JuangaltTrolls gotta troll.
A weird comment for a video that has only been posted for 30 minutes.
Best place for Tesla news. Great job, Rob.