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It's hardly a "bailout" when Tesla generates more revenue for the state than these tax credits are worth. The sales tax alone on many of the current models exce
by _jezell_ 9y ago
It's hardly a "bailout" when Tesla generates more revenue for the state than these tax credits are worth. The sales tax alone on many of the current models exceeds this tax credit.
- JumpCrisscross 9y ago> Tesla generates more revenue for the state than these tax credits are worth California collects a 7.5% sales tax on the purchase of new vehicles [1]. A $40,000 car would thus generate $3,000 of state sales tax income. That appears to be much less than the value of the proposed credits. [1] https://www.salestaxhandbook.com/california/sales-tax-vehicles https://www.salestaxhandbook.com/california/sales-tax-vehicl...
- _jezell_ 9y agoAs I said, current models. Those are future models. And this is not the only revenue the state gets from Tesla.
- DrScump 9y agoAnd even then, absent the existence of Tesla, similar money would be spent on a competing vehicle anyway.
- lazyjones 9y ago> A $40,000 car would thus generate $3,000 of state sales tax income. That appears to be much less than the value of the proposed credits. Tesla sells expensive cars, revenue per car is currently near $90.000.