Tesla Model S Officially Priced from $49,990 after Tax Credit, Available Summer '12
December 20, 2011 9:44 PM
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Cheapest Tesla Model S won't be available until Winter 2012
Tesla Motors has been teasing its gorgeous Model S electric sedan for
well over two years now
. Now the company has confirmed the official pricing for the vehicle, and is
holding firm on the $49,990 price of entry
after $7,500 federal tax credit.
As it stands now, here's how the four Model S variants will stack up (compared based on their battery capacity). All price listed include the tax credit:
$49,900, 0-60 in 6.5 seconds, 110 mph top speed, 160-mile range
$59,900, 0-60 in 5.9 seconds, 120 mph top speed, 230-mile range
$69,900, 0-60 in 5.6 seconds, 125 mph top speed, 300-mile range
$79,900, 0-60 in 4.4 seconds, 130 mph top speed, 300-mile range
All Model S sedans come standard with a 17" touchscreen, 19" wheels, and seating for up to seven passengers. Yes, you read that correctly; the Model S has seating for seven courtesy of two [optional] rear-facing jump seats in the rear cargo area.
Tesla Model S
Tesla's ordering page also lists all of the available options for the Model S including a $1,500 panoramic roof, $3,750 tech package, $1,500 active air suspension, and $1,500 rear-facing seat option.
The two 85 kWh variants will be made available in Summer 2012, the 60 kWh arrives in the Fall 2012, and the entry-level 40 kWh variant won't be available in the U.S. until Winter 2012 if all goes as scheduled.
Tesla Model S jumpseats [Source: Autoblog]
Tesla Mors [Press Release]
Tesla Motors [Pricing and Options]
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12/21/2011 1:23:10 AM
No, it's you that does not understand.
Not all tax credits are refundable (child care, education, etc), but some are. Go look at a 1040 and look at the two different places they put tax credits. One you MUST have a tax due before taking it, the other you can actually get a credit back even if you don't have tax due. As I recall those are all related EIC and a couple other more obscure (and often very old) rules.
12/21/2011 1:55:22 AM
You are correct, I missed that this credit is non-refundable.
My overall meaning here is that the tax credit doesn't actually change the price of the car, and depending on end of year tax liabilities, you might not even get the full use of the credit. It is a modifier on what the government is owed, not one on what has been paid for the car.
Truthfully, this tax credit shouldn't even exist. This is just one more example of why our tax system sucks.
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