Tesla Inc.’s TSLA Model X dual motor qualifies for a $7,500 federal EV tax credit, but there’s a catch — it’s only applicable if you opt for the stealth grey color.
What Happened: To be eligible for the tax credit, the Model X’s MSRP at the time of delivery must not exceed $80,000. With a starting price of $79,990, the Model X meets this criterion.
However, Tesla recently raised prices for all paint choices for the Model X, excluding stealth grey. While stealth grey is included in the base price, other colors like pearl white, deep blue metallic, solid black, and Ultra-red now come at an additional cost ranging from $1,500 to $2,500.
Choosing any of these colors would push the vehicle’s price beyond the federal government’s set cap, making it ineligible for the tax credit.
Why It Matters: The eligibility of the Model X dual motor for the tax credit was established after a significant 18.8% price reduction in September, bringing its starting price below the federal cap. Before this reduction, only the lower-end Tesla vehicles, Model 3 and Model Y, were eligible for the tax credit.
In September, Tesla also made paint options for its Model S and X free of charge, allowing customers to select any color while still qualifying for the credit. However, the recent price hike for non-stealth grey colors means the Model X is now eligible for the tax credit only if it comes in stealth grey.
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