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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
New BBB Act language is up (and there seems to be an agreement on this language). (https://rules.house.gov/sites/democrats.rules.house.gov/files/BILLS-117HR5376RH-RCP117-17.pdf)
I read it very quickly, but seems pretty similar to before.
- Income limitations at $800k joint/$400k individual.
- Capped at MSRPS of: $55k (Car); $64k (Van); $69k (SUV); $74k (Truck)
- Effective in 2022
- Base Credit of $4000
- Additional $3500 for batteries >40kWh (and a tiny gas tank)
- Additional $4500 for domestic unionized assembly
- Additional $500 for domestic batteries
- Expires 2031
- Can be point-of-sale after 2022
Final result for Tesla: $7500-$8000 credit depending on how battery manufacture is determined for Models 3/Y/Cybertruck.
My take: A net positive for Tesla. No reason to get up in arms about union assembly -- it will be years before domestic unionized manufacturers can produce same quantities as Tesla and for now and a long while, Tesla's cost advantages are likely greater than $4500k. Plus, for now, Tesla treated the same as closest global competitors like VW.
There is also still a used EV credit of $2000 for middle income taxpayers (up to $150k joint) purchasing cars for less than $25k.
I read it very quickly, but seems pretty similar to before.
- Income limitations at $800k joint/$400k individual.
- Capped at MSRPS of: $55k (Car); $64k (Van); $69k (SUV); $74k (Truck)
- Effective in 2022
- Base Credit of $4000
- Additional $3500 for batteries >40kWh (and a tiny gas tank)
- Additional $4500 for domestic unionized assembly
- Additional $500 for domestic batteries
- Expires 2031
- Can be point-of-sale after 2022
Final result for Tesla: $7500-$8000 credit depending on how battery manufacture is determined for Models 3/Y/Cybertruck.
My take: A net positive for Tesla. No reason to get up in arms about union assembly -- it will be years before domestic unionized manufacturers can produce same quantities as Tesla and for now and a long while, Tesla's cost advantages are likely greater than $4500k. Plus, for now, Tesla treated the same as closest global competitors like VW.
There is also still a used EV credit of $2000 for middle income taxpayers (up to $150k joint) purchasing cars for less than $25k.
I love how Swedish Hertz is going to die on the Polestar sword...
www.teslarati.com
"Currently, Hertz Sweden’s website says, “Polestar 2 is the hottest electric car on the market right now.” Polestar is a Swedish company
techxplore.com
"Polestar sold only 10,000 vehicles in 2020"
carsalesbase.com
Would expect another company to step up in Sweden: BEST Car Rental Companies in SWEDEN In 2021 - CarRental.Deals
Tesla's massive deal with Hertz will not take effect in Sweden
Tesla’s massive deal with Hertz to add 100,000 Model 3 electric vehicles to its fleet will not take effect in Sweden, according to the company. Hertz Sweden will not include Model 3 vehicles, according to Cecilia Saberi, the company’s communication manager in the country. On Monday, it was...
www.teslarati.com
"Currently, Hertz Sweden’s website says, “Polestar 2 is the hottest electric car on the market right now.” Polestar is a Swedish company
Swedish electric carmaker Polestar to go public
Electric car maker Polestar, controlled by Sweden's Volvo Cars and its Chinese owner Geely, said on Monday it plans to go public in a stock market debut that could value it at around $20 billion (17 billion euros).
"Polestar sold only 10,000 vehicles in 2020"
Polestar 2 European sales figures
Monthly and annual automotive sales figures, data and statistics for the Polestar 2 in Europe. Includes easy to read statistics and interactive charts about vehicles sales.
carsalesbase.com
Would expect another company to step up in Sweden: BEST Car Rental Companies in SWEDEN In 2021 - CarRental.Deals
DragonWatch
Small FootPrint
RobDickinson
Active Member
I'm surprised that $4500 for unionised workers is even legal?
John Doerr jumping on the Tesla bandwagon....
John Doerr on Thursday said he believes the bullish Tesla analysts are probably right and predicted the company will lead the way during the global shift to an all-electric transportation sector.
apple.news
John Doerr on Thursday said he believes the bullish Tesla analysts are probably right and predicted the company will lead the way during the global shift to an all-electric transportation sector.
Famed venture capitalist John Doerr thinks the Tesla bulls are probably right — CNBC
Doerr's remarks come after Tesla hit a $1 trillion market cap on Monday following news that Hertz would purchase 100,000 electric vehicles for its rental fleet.
apple.news
House committee to subpoena oil companies over climate misinformation - UPI.com
The House Oversight and Reform Committee will issue subpoenas to ExxonMobil, BP America, Chevron, Shell and the American Petroleum Institute to obtain key internal documents that the companies have not provided.
www.upi.com
I’m crying male bovine feces, in a loud and clear voice.
TheTalkingMule
Distributed Energy Enthusiast
Um.....isn't that part already done? These guys need to catch the hell up.
Spacep0d
Active Member
Okay this is way over my head, but congrats on your success here.
I'm still learning stock terms beyond 'buy, sell, hold, market order, limit order, etc.'. Thanks for explaining it!
2daMoon
Mostly Harmless
I suspect that it could be challenged and would hope the courts would strike it down for favoring a particular class of people over others.
It seems very non-PC in such a PC world to bundle that in there. However, should it be struck down, Biden still gets their votes for trying, right?
thesmokingman
Active Member
I can't find where he says 'which' bullish Tesla analysts he's referring to. There's quite a few these days, but he should lay credit where credit is due.
Krugerrand
Meow
jhm
Well-Known Member
We're in 4-digit territory now. We may just need to trudge onward to $1700 before we get some shuteye.
Knightshade
Well-Known Member
Assuming it goes forward as written above the $ cutoffs is interesting in that Model 3 performance is excluded- but Model Y performance is not.
(of course Tesla could always cut the 3 back slightly in price and fix that if they wished)
And the base model Cybertruck becomes a screaming deal (though it remains questionable if that pricing will still exist when it comes out)
Every time someone posts this I ask what law they think it would violate.
Still waiting for anyone to provide an answer.
Generally stuff related to preferential tax code treatment is viewed very very deferentially by the courts in favor of the government...we treat TONS of groups and people differently to encourage various behaviors- just to name 3 common ones-
Homeowners are taxed differently from renters.
Parents are taxed differently from the childless.
Single and married people are taxed differently.
Shucks.. Elon dunking on Besos will now look like something done in bad taste.
uhhh....can we still say male?House committee to subpoena oil companies over climate misinformation - UPI.com
The House Oversight and Reform Committee will issue subpoenas to ExxonMobil, BP America, Chevron, Shell and the American Petroleum Institute to obtain key internal documents that the companies have not provided.
I’m crying male bovine feces, in a loud and clear voice.
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