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Tesla Model X electric SUV crossover vehicle
It was also the third most searched term on Google

Just last week, Tesla Motors revealed the all-electric Model X crossover, which is the follow-up to its Model S. It has been less than a week since the EV's introduction, and it has already achieved star status with car lovers everywhere.

According to The Detroit News, Tesla received $40 million in pre-sales of the all-electric Model X just one day after unveiling the car. It was also the third most searched term on Google.

"On Thursday evening, the night of the reveal, traffic to increased 2,800 percent," said Tesla. "Two-thirds of all visitors were new to the website."

The all-electric Model X was introduced for the first time on February 9. The new EV features dual motor all wheel drive, the choice between a 60 or 85 kWh battery, and falcon doors. The Model X can sprint from 0 to 60 in about 4.4 seconds, and offers a rear-mounted 300 HP motor and an optional 150 HP front-mounted motor. The driving range is between 214 and 267 miles.

Price hasn't been announced for the Model X yet, but Tesla said it will be competitively priced with other premium SUVs.

While the Model X has been receiving plenty of attention, it's not the only one. The Model S, which is Tesla's full-sized battery electric sedan that is expected to be delivered in mid 2012, had a 30 percent boost in reservations last week after the Model X was revealed.

Tesla initially entered the electric vehicle arena with the Roadster, which is a $100,000 two-seater that launched in 2008. The Model S is Tesla's second electric vehicle, which features a 40 kWh lithium-ion battery pack (or 85 kWh battery pack in the top-end model), 160-mile range (300 miles on the top-end model), and a $57,400 to $87,400 price tag.

Model X production will begin at the end of 2013, with market launch scheduled for 2014. It is expected to qualify for the $7,500 tax credit, and Tesla hopes to produce 10,000 to 15,000 units annually.

Sources: SlashGear, The Detroit News

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RE: interesting
By Keeir on 2/15/2012 2:20:29 PM , Rating: 2

Think a second. While that might be a good goal (not saying it is or is not), I think you need to question the effectiveness of the tax credit on Tesla models in acchieving this end.

The very lowest price Tesla is 57,500 dollars. The average Tesla model is in excess of 75,000 MSRP. Therefore, it doesn't seem a stretch to say the effect on pricing of a Tesla is less than 10% typically. This is a very minor effect on the sales of the model. Thus, the credit level doesn't really do much for Tesla. Tesla would sell nearly as many without the credit.

Consider the price of the Tesla models, it is unlikely "average" people who use their car everyday are principly buying Teslas. A signficant fraction are going to private car collectors or image concious people who will rarely if ever drive the car. In this way, a tax credit on those cars, is extremely wasteful. Little to no "social benefit" is being created...

Overall, I'd say a tax credit on models over 50,000 is fairly useless. Since its fairly useless, its pretty much a waste, no matter how you come down on the "rightness" of concept.

Waste is bad, m'kay

(A side note, if you're a jerk who buys a Tesla to keep in a garage, consider buying 4 Priuses and giving them away to people driving old cars instead. Over the long term, you've done a lot more to help the enviroment.)

RE: interesting
By web2dot0 on 2/15/2012 3:17:52 PM , Rating: 1
The tax credit is not specifically designed for Tesla vehicles. It's for ALL Zero Emission vehicles. Why single out Tesla?

This is a tax incentive. Not a hand out. Your taxable income is your income - $7500. At least according from what I know.

So to say that the gov't is handing out money to Tesla owners is just not true. It's an incentive, not a free for all.

RE: interesting
By Keeir on 2/15/2012 3:21:16 PM , Rating: 2
Why single out Tesla?

Look at the title of this blog post? Maybe discussing specifically discussing Tesla models on a Tesla blog post is somehow nonsensical?

This is a tax incentive. Not a hand out. Your taxable income is your income - $7500. At least according from what I know.

Then you need to read.


You Tax Owned - 7,500. Yes it requires that you own at least 7,500 dollars in income taxes total within ~3 year period (carryover). Its not a deduction, its a credit.

So to say that the gov't is handing out money to Tesla owners is just not true. It's an incentive, not a free for all.

You need to think a little bit more.

Anyone who purchases a qualifying car, regardless of income, is able to receive a tax credit of 7,500 that they can carry over to the prior year or the future year. Qualifying cars used to be any car that had a battery over a certain size, allowing even golf carts to qualify. Thankfully, this loophole has been removed. Since a Tesla owner can afford a 75,000+ car, its not really a huge leap to think that over 3 years they could take advantage of 7,500 reduction in their taxes.

So how is this not a "free for all"?

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