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09-01-2020, 01:35 PM | #45 | ||
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My leasing contracts clearly stated cap cost and reductions. I know exactly what the selling price is and residual value based on MSRP. I collected an additional $3500 in state and energy and BMWCCA post sale rebates after taking possession of the car. Trunk money is the dealer's business and if they gave me less than 10% off I would be suspicious, but all three of my i3's had 11-12.5% off MSRP on top of the federal credit and lease incentives. My monthly payments for 12k/36 months were all under $200 after tax and this was an effective $0 down after the $3500 in post sale rebates.
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09-01-2020, 01:41 PM | #46 |
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My point was if you follow the original line of thinking in the quoted post you would eventually end up with an ameba or something. I'm sure many people had to invent/discover many things to enable Edison to bring us electricity to our homes and those people relied on discoveries of people before them etc etc all down the line.
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09-01-2020, 02:13 PM | #47 | |
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09-01-2020, 02:29 PM | #48 | |
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09-01-2020, 02:52 PM | #49 | |
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Rebates and incentives, are in section 9.B.2 under "Rebates and Noncash Credits". The lease contract is very transparent if you know how to read it. There is no misleading as far as rebates and incentives, it's all there on the contract. Trunk money, aka money going to the dealer from BMWNA or BMWFS is to help move inventory which isn't always passed on to the customer, but with how many BMWs I've owned and the relationship I have with the dealer, they give enough of a discount to be beneficial to both parties.
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09-01-2020, 04:12 PM | #50 |
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I never seem to have trouble owing the government a lot of money so I'm probably good
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Last edited by GrussGott; 09-01-2020 at 04:27 PM.. |
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09-01-2020, 04:19 PM | #51 | |
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The semantics differentiate for investors whether one should analyze TSLA as a growth company or a value company. Samsung, for example, usually gets analyzed as value company even though they make tons of tech vs Apple who's analyzed as a growth company even though they make tons of phones and tablets. I think TSLA's stock price makes it pretty obvious that it's not just Tesla fanbois who consider TSLA a tech/growth company. |
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09-01-2020, 04:24 PM | #52 | |
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(1.) This is FEDERAL credit, not a state credit (BMW dealerships have more room there) (2.) It's not a blanket $7500 - the amount varies with the car (3.) The credit is only avail for automakers who've sold <200k ev cars, i.e., Tesla is no longer eligible and hasn't been since 2018 |
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09-01-2020, 04:31 PM | #53 | ||
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https://www.tesla.com/support/incentives
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09-01-2020, 04:42 PM | #54 | |
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So today they'd be $2,375 pre-split, so let's use that ... just spitballin CURRENT REVENUE (aggressive estimates, includes expansion) • $300/sh for autos, i'm being aggressive • $100/sh for future vehicles (e.g., truck, roadster, etc) • $50/sh for software (e.g., autopilot) • $50/sh for services (e.g., maintenance, repairs) • $100/sh for consumer energy (e.g., solar, powerwall, chargers) • $50/sh for industrial energy (e.g., megapack) • $50/sh for financial services (e.g., loans, leasing, insurance) • $10/sh for regulatory credits (e.g., B2B sales to non-compliant automakers) FUTURE (aggressive estimates, doesn't include dreamer stuff) • $200/sh for B2B automaker sales (e.g., B2B tech sales: batteries, tech, etc) • $100/sh for V2G (e.g., selling supercharger storage to utilities) That gets me to $1010 / share ... and those napkin estimates are pretty generous. Yup, TSLA overpriced. |
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09-01-2020, 04:55 PM | #55 | |
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This is key for me, because in my personal case I'm NOT eligible for the state credit but AM eligible for the federal credit if I buy before BMW gets to 200,000 in EV sales. Though, someone had posted they got a tax rebate check on that federal credit - my supposition is that the check was actually state credit, not the federal credit, but Further, those federal credits are only good for automakers who've made < 200k eligible vehicles, after that no more federal credit |
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09-01-2020, 05:52 PM | #56 |
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This is the official word on the tax credit: https://www.fueleconomy.gov/feg/taxevb.shtml
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09-01-2020, 07:13 PM | #57 |
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We owed $2.0K before the credit, and received a $5.5K refund after adding it to our 2019 return.....
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09-01-2020, 07:22 PM | #58 | |
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Can I claim the credit for a leased vehicle?That means BMWFS can claim the federal tax credit on leased vehicles Makes me wonder if there's a negotiation benefit in agreeing to lease (or not) and/or agreeing to finance because the dealership gets a cut (even if you pay off the balance after the deal is signed)
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Last edited by GrussGott; 09-01-2020 at 07:28 PM.. |
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09-01-2020, 08:01 PM | #59 | |||
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Were you thinking of me? I got the check for the state credit.
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09-01-2020, 08:14 PM | #60 | ||
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09-02-2020, 07:01 AM | #62 | |
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Electric cars have come down in price substantially - but with ability to take full advantage of governmental subsidies, in some cases, they have become absolute bargins.
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09-09-2020, 02:55 AM | #64 |
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Anybody gonna dunk on TSLA's huge drop? Here's your chance!
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09-09-2020, 09:37 AM | #65 |
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My jaw dropped and I seriously thought something was wrong with my phone despite the split. Time to buy?
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09-09-2020, 09:42 AM | #66 |
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Not sure it is "huge" enough to be honest...battery day could be interesting though? Its been lower. Sometimes I kick myself for not directing some money there, other times I don't. If anything, I'm tempted on call options, but I don't understand calls well enough to invest.
When I look at the option chain on yahoo, some bid prices on various calls just don't make sense vs others and I don't understand why that's happening...which makes me believe I don't understand calls at all. Despite on the surface it seems relatively simple - an option to purchase 100 shares at X exercise price by Y date. And the option costs Z to do so. But certain options that look very similar in terms of exercise price and dates have wildly different bid amounts and I don't understand why. Unless it has to do with number of shares in the contract. |
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