Here is what is listed for the credit from Tesla, "Customers who take delivery of a qualified new Tesla vehicle and meet all federal requirements are eligible for a tax credit up to $7,500, which can...
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Here is what is listed for the credit from Tesla, "Customers who take delivery of a qualified new Tesla vehicle and meet all federal requirements are eligible for a tax credit up to $7,500, which can be deducted from the purchase price at time of delivery for eligible cash or financing purchases through Tesla. Customers are limited to two time-of-sale tax credits per year.
$7,500 Tax Credit for Qualifying Vehicles (MSRP caps apply):
Model 3 Performance
Model 3 Long Range All-Wheel Drive
Model 3 Long Range Rear-Wheel Drive
Model Y Performance
Model Y Long Range All-Wheel Drive
Model Y Long Range Rear-Wheel Drive
New Model Y Launch Series Long Range All‑Wheel Drive
Cybertruck All-Wheel Drive (2025 model year vehicles)
AGI Limitations
$300,000 for married couples filing jointly
$225,000 for heads of households
$150,000 for all other filers
Price Caps
The vehicle MSRP at time of delivery must not exceed the following caps. This price includes optional equipment physically attached to the vehicle at the time of delivery and excludes software features, accessories, taxes and fees.
The following models currently qualify for federal tax credits for eligible buyers who meet all other federal requirements (including AGI limitations):
Model 3: $55,000
Model Y: $80,000
Cybertruck: $80,000
Price caps set by the federal government are subject to change."
The clean vehicle credit is non refundable which means if your tax debt has already been reduce to $0 from other credits the credit will not apply.