Quote from: Bizarro_NikoB on June 18, 2024, 18:10:03So basically Tesla kept the same pricing model but now the US government is subsidizing almost 10% of the cost at tax payer expense to the sole benefit of Tesla and their profit margin.
And somehow this is being promoted as a good thing in the media?? If only every company could land such a sweet deal...
To be more accurate, how the IRA works is this. For an EV to qualify for tax credits, it's batteries must have a certain % mined, processed and manufactured domestically. Every year, those requirements get stricter and stricter. In first year Tesla Model 3 qualified for the tax credit, but this year their content wasn't enough domestic so it dropped to 3.5k
The reason why it is positive is because the IRA is working exactly how it was intended to work. By bringing the EV supply chain domestically and creating local jobs.
That said, it isn't like Tesla raised prices and the tax credit goes to the consumer, so your statement about it increasing Tesla's profit margins is inaccurate. Of course Tesla may see overall increase in sales due to it
And every car company has access to the same deal as Tesla, it isn't a Tesla only thinga
Deutsch
English
Español
Français
Italiano
Nederlands
Polski
Português
Русский
Türkçe
Svenska
Chinese
Magyar