Tax credit 2023 [The tax credit discussion thread]

[ucmndd]

Ouch!

Based on what you can redeem them for, 10k credits are worth about $400-600.

 

[Super_Popular]

855 new Y’s for sale, yikes thats not good. Now I know why Tesla was rage calling me in Dec to but one

 

[vickh]

View attachment 1005626

855 new Y’s for sale, yikes thats not good. Now I know why Tesla was rage calling me in Dec to but one

I think they need to get that POS credit going.

 

[Super_Popular]

I think they need to get that POS credit going.

They need to do something, thats a lot of inventory.

 

[vickh]

They need to do something, thats a lot of inventory.

i think this means inventory discounts continue (naysayers it would be gone once '24 POS kicked in)

 

[mongo]

View attachment 1005626

855 new Y’s for sale, yikes thats not good. Now I know why Tesla was rage calling me in Dec to but one

Tesla has 16 days of inventory. That's 103k vehicles worldwide (including in transit but 'sold').
855 is less than 1% of that.
Tesla has 236 sales location in the US, that's less than 4 Y's per site.

 

[Super_Popular]

Tesla has 16 days of inventory. That's 103k vehicles worldwide (including in transit but 'sold').
855 is less than 1% of that.
Tesla has 236 sales location in the US, that's less than 4 Y's per site.

Thats $40+ million unsold sitting inventory, that aint good no natter how you spin it.

 

[ucmndd]

They need to do something, thats a lot of inventory.

That’s less than one day’s worth of US Model Y sales in 2023.

 

[mongo]

Thats $40+ million unsold sitting inventory, that aint good no natter how you spin it.

Why is it bad, how else can Tesla sell to people how need a car now?
What are the payment terms for Tesla suppliers, has Tesla actually paid for the parts those cars are made from?
If it is bad, how much worse off is every other volume manufacturer?

 

[vickh]

Why is it bad, how else can Tesla sell to people how need a car now?
What are the payment terms for Tesla suppliers, has Tesla actually paid for the parts those cars are made from?
If it is bad, how much worse off is every other volume manufacturer?

Good points TSLA probably has beter terms and lower costs compared to every other volume manufacturer with no dealers etc.

 

[Super_Popular]

Why is it bad, how else can Tesla sell to people how need a car now?
What are the payment terms for Tesla suppliers, has Tesla actually paid for the parts those cars are made from?
If it is bad, how much worse off is every other volume manufacturer?

Not sure if it's bad but over a 1000 cars sitting unsold and last years model cannot be great.....especially since there is a rumored refresh coming.

 

[ucmndd]

Not sure if it's bad but over a 1000 cars sitting unsold and last years model cannot be great.....especially since there is a rumored refresh coming.

Again… less than one day’s sales.

 

[mongo]

Not sure if it's bad but over a 1000 cars sitting unsold and last years model cannot be great.....especially since there is a rumored refresh coming.

It's the way of non-bespoke sales in all industries.
Tesla doesn't bunch/ link changes to model years. Refresh rumors do have some impact, but discounts or charging/ FSD trial incentives can fix overhang.

 

[Super_Popular]

Again… less than one day’s sales.

This amount has been the same and it's only climbing so if it's "one day of sales" then why is there so many? I highly doubt Tesla is selling a thousand cars a day right now

 

[ucmndd]

This amount has been the same and it's only climbing so if it's "one day of sales" then why is there so many? I highly doubt Tesla is selling a thousand cars a day right now

The thing about annualized sales numbers is they don’t necessarily sell the same number of cars on every single day. Yes, that’s true.

The point being, a thousand cars in Tesla’s inventory pipeline is a rounding error at current production rates. You’re blindly stabbing around for a problem where none exists.

 

[Iron]

Not sure if it's bad but over a 1000 cars sitting unsold and last years model cannot be great.....especially since there is a rumored refresh coming.

Do the math and that's roughly 24 cars per State. Do you think there are 24 people in your state that might be thinking about buying one? I think Tesla will be fine.

 

[vickh]

Compared to most dealers, TSLA can gauge/control inventory better. I'm surprised that inventory discounts did spill over into this Q1.

 

[ChiefRollo]

Compared to most dealers, TSLA can gauge/control inventory better. I'm surprised that inventory discounts did spill over into this Q1.

I have a feeling it’s part of the sustained discount strategy leading to Juniper / upgrade transition at some point this year.

 

[vickh]

I have a feeling it’s part of the sustained discount strategy leading to Juniper / upgrade transition at some point this year.

I think you're right. they'll have this sustained discount compared to custom orders (Dealers do it all the time for cars sitting on the lot)

Q: is when to pull to trigger since the POS credit system isn't ready yet and they're pushy to p/u once I pick inventory.

I do not want my custom order to be filled either though since that has NO discount. I wish they had a custom order tracker

 

[Cuong Pham]

Has any had success with Tesla updating their IRA Clean Vehicles Credit Report? I have a co-buyer but their name was not included in Form 15400 and I'm getting the run-around when I call into Tesla customer service / Tesla Financing