HN Explorer

How many people reserved a Tesla but expect to cancel?

1 points by SamSkillz ↗ HN
I reserved a Tesla, but I expect to cancel. I do not have a place to set up the charging station. I also Uber most of the places I go. However, I reserved since getting at the top of the queue might give me $7500 back in federal and state rebates, which only apply to early folks.

What were your motivations for reserving or not reserving?

4 comments

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jtw549
Whoa...you get $7500 just for reserving?!?! I may do this then. I really want the tesla x but need to do more research on it. I would reserve just for your reason alone.
troydavis
No. The first 200,000 actual deliveries to the US from a given car maker are eligible for a $7,500 credit in the US. Reserving merely gives you a shot at being among those, iff you do choose to purchase. After the 200k threshold is met, the $7,500 credit gradually decreases over 1 year.

Source: Plug-In Electric Drive Vehicle Credit (IRC 30D), https://www.irs.gov/Businesses/Plug-In-Electric-Vehicle-Cred...

jtw549
Ohhh! Thanks...so I have to be in the 200k. Dang.
greglindahl
... and Tesla has shipped 100k Model S/X cars already, with 70k more (projected) in 2016 and more in 2017. So it's likely Model 3 will enter the phase-out period quite early.