Tax Guy: This generous tax credit will make Tesla owners smile [MarketWatch]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: MarketWatch
This generous tax credit will make Tesla owners smile Even after all the recent tax law changes, the federal income tax credit for qualifying new plug-in electric vehicles is still on the books. It can be worth up to $7,500. Some states offer additional incentives. Here’s what you need to know to cash in along with some news: To be eligible for the credit, a vehicle must draw propulsion from a battery with at least four kilowatt hours of capacity; use an external source of energy to recharge the battery (thus the term “plug-in”); be used primarily on public streets, roads, and highways; have four wheels; meet applicable federal emission and clean air standards; and be used primarily in the U.S. It can be either fully electric or a plug-in electric/gasoline hybrid. Finally, the vehicle must be new and be purchased for you to claim the credit. While the credit belongs to the manufacturer, if you lease an eligible vehicle, it can be factored into a lower lease payment or maybe an upfront
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TSLA
Earnings
- 4/23/24 - Beat
TSLA
Sec Filings
- 4/30/24 - Form PX14A6G
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form ARS
- TSLA's page on the SEC website