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Tesla Tax Credits Are BACK | Up To $40,000 - YouTube
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today we're getting into the latest
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tesla news including the arrival of
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cloud profiles new supercharger cube
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lounges tesla insurance expanding and
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the huge tax credit coming soon for all
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evs including tesla's so let's get into
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it
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[Music]
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first up today a feature that has long
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been requested and talked about by elon
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musk is cloud profiles back in 2017 elon
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tweeted saying we are going to move all
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info and settings to the cloud aka
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server so any tesla you drive in the
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world automatically adjust to you he
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later reiterated this on twitter and it
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hasn't been seen in the last five years
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when you get into a tesla now you have
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your driver profile that saves your
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seating steering wheel climate and
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mirror adjustments along with all of
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your settings on screen this is a really
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great feature but once you get into a
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new car or drive another one you have to
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start from scratch overall not a huge
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deal but tesla has the capability to
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make cloud profiles and it would mean
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that anytime you enter a tesla anywhere
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in the world you can have immediate
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access to exactly what you like in your
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tesla and how you like to have it set up
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according to nada tesla app obtaining
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the release notes for an upcoming
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software release
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2022.24 quote tesla is officially
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calling the feature tesla profiles with
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this latest update you'll be given the
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option to tie your driver profile to
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your tesla account they follow that up
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with specifics saying settings such as
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mirror seat and wheel positions will be
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synced across other supported vehicles
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so if you're lucky enough to have
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multiple teslas in your household and
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adjust your seat in one vehicle then the
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settings will automatically be synced to
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the other vehicle so it looks like you
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link your tesla account to a tesla
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rental or otherwise and then you can
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sync your driver profile it appears that
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this will include seat adjustments
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autopilot settings driver preferences
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like braking settings climate settings
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navigation media recent destinations
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navigation favorites and data sharing
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preferences likely this feature has
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taken so long to come out because tesla
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wanted to include all of these things
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with things like media navigation and
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recent destinations it will truly set
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tesla apart even further many won't want
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to rent any other car because they know
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they can have the car set up exactly as
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they like with a quick sync of
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everything if they rent a tesla i'm very
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excited to see this feature come to be
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another feature that is being improved
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in
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2022.24 according to not a tesla app is
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the position of the blind spot camera
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display currently on the model 3 and y
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when you turn on your blinker you can
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have it show the blind spot camera it
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pops up in the bottom right of the
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screen and actually can end up blocked
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from view by your hand or the steering
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wheel now it looks like tesla is
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changing this here's a screenshot in the
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top left of the screen and not a tesla
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app says that you'll be able to choose
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between three locations for where this
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comes up on screen this video
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demonstrates this perfectly and it's a
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really simple interface if you want to
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reposition it you simply drag the
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positioning of the blind spot camera
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where you want it for next time no
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matter what it has to block something so
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giving drivers choices is great the
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three locations they mention include the
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bottom corner closest to the steering
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wheel the top corner closest to the
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steering wheel or in the top corner of
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the maps area closer to the driver as
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you can see in their video this is just
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another example of how great it can be
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to get software updates over the course
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of ownership it appears that with this
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update you'll be able to choose where
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your blind spot camera is that'll be
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saved to your cloud profile and synced
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to any other tesla you connect your
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account with really impressive stuff one
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more area that tesla is improving in
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software right now is range predictions
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rain predictions are extremely important
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so that people can accurately plan
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charging and not have range anxiety
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according to at green the only wow
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2022.20.7
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seems to go into insane details to
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improve range predictions even tire
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pressure is taken into account amongst
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many many other extra variables just
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added also takes into account energy
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loss to phone charging and 12 volt
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accessories air density battery heat
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slash cool dot dot dot this is a
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background feature that owners might not
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realize is there but tesla is ensuring
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that every aspect that is using battery
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is taken into account for range this is
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great to see because i've definitely
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experienced an inaccurate range
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prediction that ended up adding an
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unexpected supercharger stop halfway
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through a road trip next up today some
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big news for teslas and a tax credit
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right now in the u.s teslas do not
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qualify for any federal tax credit tesla
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along with gm are ruled out because they
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passed the manufacturer eligible cap of
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200 000 evs once a company sells 200 000
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eligible evs their cars are no longer
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available for this credit it has
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actually been a significant disadvantage
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for tesla but hasn't seemed to hurt
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their demand here's a chart of all evs
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available and the tax credits they
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qualify for multiple cars from audi bmw
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fiat ford genesis hyundai jaguar lucid
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mercedes porsche toyota vw and volvo
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among others qualify for 7 500 in a tax
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credit no cards from tesla or gm
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qualified but that's about to change the
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us senate is planning to move forward
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with a new bill that will reform the ev
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tax credit quote the main goal of the
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reform and the one most people agree on
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is the need to eliminate the tax credit
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cap after automakers hit 200 000 evs
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sold since it is putting automakers that
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were early and pushing electric vehicles
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at a disadvantage it also happens that
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these automakers are american automakers
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like tesla and gm while many foreign
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automakers still have access to the
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credit some of the points in this bill
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include maintaining the federal tax
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credit of 7 500 eliminating that tax
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credit cap for automakers that hit 200
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000 evs sold tax credit appears to be at
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point of sale instead of on taxes making
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it a much more direct impact on people
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buying evs and then quote in order to
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get the full credit the electric vehicle
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needs to be assembled in north america
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the majority of battery components need
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to come from north america and contain a
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certain percentage of minerals from
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countries with free trade agreements
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with the us there's some evs here that
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many think are american-made but are
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actually made in mexico that will not
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qualify for this they are also adding a
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tax credit on used evs that is four
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thousand dollars really great to see
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this for used evs zero emissions vans
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suvs and trucks with msrp up to eighty
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thousand dollars qualify electric sedans
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up to fifty five thousand dollars
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qualify and there is an income cap of
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one hundred fifty thousand dollars or
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three hundred thousand dollars for joint
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filers the bill is not law yet but
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everyone is on board and it is expected
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to pass soon enough the bill itself is
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very confusing as well and there are a
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lot of specifics with these tax credits
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it appears that the model s and x won't
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qualify but certain model 3's under 55
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000 will along with the model y
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qualifying as an suv under eighty
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thousand dollars for those cars they
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will qualify for seventy five hundred
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dollars off at the point of sale an
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explanation of the bill specifically
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says dealer can apply credit at time of
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sale again this makes it much more
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direct for a customer as opposed to
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seeing the savings once their taxes are
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paid as for the timeline of this credit
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it will apply for vehicles purchased
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beginning january 1st of 2023 and the
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credit will terminate on december 31st
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of 2032. the point of sale credit
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doesn't stop there yet not only will
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many more used evs including many teslas
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qualify for four thousand dollars off at
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the point of sale and many new teslas
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qualify for seventy five hundred dollars
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off at the point of sale but there's a
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huge credit available for heavy-duty
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commercial vehicles a very important
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part of reducing emissions is reducing
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the emissions from fleets and large
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commercial vehicles most of these
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vehicles are very expensive but tesla
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announced the all-electric tesla semi
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back in 2017 starting at 150 000 for a
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300 mile range the price will likely be
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more expensive when it truly comes out
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but as part of this new build the tesla
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semi will qualify for a 40 000 tax
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credit a requirement for this credit is
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a weight of 14 000 pounds which the semi
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meets assuming there is no unexpected
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restriction here this will be huge for
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the tesla semi allowing fleet customers
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to take advantage of this all-electric
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truck for forty thousand dollars less
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than tesla is charging for it that's big
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for these customers and tesla as well
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once they bring this to production as
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pointed out by teslarati as well many
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states have their own incentive on top
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of this and in california there is a
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hybrid and zero emission truck and bus
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voucher incentive project this offers
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incentives up to 120 000 for class 8
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sustainable vehicles this paired with a
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federal incentive could make the tesla
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semi essentially free again huge for
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fleet customers and tesla in general
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judging based on tesla's pricing today
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this is great news for the model y but
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not so great news for the rest of
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tesla's lineup standard range model 3
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comes in under 55 000 msrp easily even
[478]
with some upgrades but the long range
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and performance model 3 capped that for
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the model y though both the long range
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and performance models come in under 80
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000 msrp for an suv so getting 7 500
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there should be easy even if tesla
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doesn't lower prices for the model s and
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x however no tax credit and that does
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make sense for cars as expensive as
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these arguably if you're looking at a
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105 000 plus car you're not needing a 7
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500 incentive in order to make the
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purchase feasible now as for the model 3
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though i think we could see prices drop
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if this passes on july 15th elon musk
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said if inflation calms down we can
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lower prices for cars he followed this
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up on their earnings call to say if i
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were to guess and i would take this with
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a grain of salt i think inflation will
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decline towards the end of this year we
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are certainly seeing prices of
[523]
commodities trending lower if we see
[525]
indications that the inflation rate is
[527]
declining then we would not need to
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increase our car prices it's possible
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that there could be a slight decrease in
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car prices but this is fundamentally
[534]
dependent on macroeconomic conditions
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inflation it's not something we can
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control so if they do see that calming
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they should be able to lower prices
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separate from this tax credit just a few
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days later elon followed this up to say
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inflation might be trending down more
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tesla commodity prices are trending down
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than up for what it's worth this should
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mean that tesla is in a place to lower
[554]
prices soon enough and the first car for
[555]
them that it would make a lot of sense
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for come 2023 is the long-range model 3
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so that it can get that tax credit the
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long range model 3 gets a 358 mile epa
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range with stock wheels and comes in
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just about 3 000 over the msrp cap for a
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7 500 federal credit again assuming this
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passes i definitely see tesla dropping
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the model 3 under that price so that
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both of their more affordable long-range
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vehicles can qualify it would be an
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extremely popular option now there's
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still a lot up in the air about this but
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it's exciting that tesla prices could
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come down after over a year of price
[586]
hikes and that a new point of sale
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credit will help even more people afford
[590]
them next up today tesla insurance has
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expanded to a few more states tesla
[594]
insurance is a new type of insurance
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that uses real-time driver data to
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determine your premium of the 11 states
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tesla insurance exists in 10 of them
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have this feature california is the only
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state without it as that was the
[606]
original state with the traditional
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tesla insurance model recently utah and
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maryland were added so you can get tesla
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insurance based on real-time driving
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data in arizona colorado illinois
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maryland nevada ohio oregon texas utah
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and virginia now the next states that
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are expected to be added to tesla
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insurance are florida and new jersey
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what many people are seeing is that
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tesla insurance can save them a lot and
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tesla is seeing the impact of real-time
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driving data on the safety of drivers
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they are trying to reach as many states
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as possible so we'll see how many more
[636]
they can get by the end of the year next
[638]
up today as tesla is continually
[640]
expanding their supercharger network
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they have begun installing a new type of
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lounge many superchargers are simply
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located near shopping centers and places
[647]
with restrooms but a few superchargers
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feature a lounge like the one in
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kettleman city it has a ton of chargers
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and a lounge with coffee vending
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machines and tesla merch for sale inside
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elon musk has also talked about a new
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tesla supercharger in hollywood that
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will be styled like an old 50s diner and
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drive-in over in germany this week
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though tesla partnered with bk world to
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deploy lounges in a cube format quote bk
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world of course offers bathroom
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facilities while a comfortable lounge
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area invites drivers to linger but the
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concept is far more extensive for
[676]
instance it makes extremely efficient
[678]
use of the small footprint various
[680]
products are dispensed in a fully
[681]
automated way the food that drivers can
[683]
purchase on site is healthy fresh and
[685]
low in sugar when selecting the product
[687]
portfolio the planners deliberately
[689]
avoided working with large corporations
[691]
and chose instead to focus on keeping
[693]
things regional and sustainable together
[695]
with entrepreneur and investor marcel
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janssen work is even going on to develop
[699]
an innovative and healthy food portfolio
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especially for bkworld you can access
[704]
the lounge from the app and inside it
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features vending machines a machine that
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will make pizza restrooms air
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conditioning a lounge area with a
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nintendo switch seating and outlets
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these are specifically deployable very
[716]
quickly and bk world says that they have
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plans for 300 locations across europe it
[720]
isn't clear if these are going to always
[722]
be partnered with tesla but it will work
[724]
out very well if so this is a perfect
[726]
partnership with any company making a
[728]
charging station that isn't directly
[729]
close to places to rest use a restroom
[731]
and eat some food i really hope we can
[733]
see something like this come to the u.s
[735]
soon we'll definitely see something as
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charging stations should be accelerating
[739]
exponentially in the years to come next
[741]
up today tesla has officially dropped
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lifetime standard connectivity support
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when you buy a tesla connectivity is a
[746]
big part of it it enables a lot of
[748]
features for customers like updated
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navigation on screen but also allows
[752]
tesla to collect data for things like
[754]
autopilot tesla now sells a paid premium
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connectivity package at ten dollars a
[758]
month to enable live traffic sentry mode
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live streaming to your phone video
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streaming music streaming and more but
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the standard connectivity feature of
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navigation has been free for life until
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now the wording has updated and tesla
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now says standard connectivity is
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included in your vehicle at no
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additional cost for eight years
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beginning on the first day your vehicle
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was delivered as new by tesla if you are
[779]
purchasing a used vehicle you will be
[781]
notified of how long your vehicle will
[783]
include access to standard connectivity
[785]
after that eight year mark it looks like
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your only paid option is premium
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connectivity as tesla says premium
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connectivity is available as an annual
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or a monthly subscription no paid option
[794]
to only get navigation data after eight
[797]
years many are upset to hear this but it
[799]
makes a lot of sense tesla's fleet will
[801]
be growing by millions each year and
[803]
including eight years of standard
[804]
connectivity is already much better than
[806]
most brands either way it's an
[807]
interesting update to note and could
[809]
affect buyers of used teslas in the
[811]
years to come last up today some updates
[813]
about other automakers the department of
[815]
energy has announced a conditional loan
[817]
of 2.5 billion dollars for gm ultim
[820]
sales this is a joint venture of gm and
[822]
lg energy solutions to finance a battery
[825]
factory in three states the factories
[827]
will be located in michigan ohio and
[829]
tennessee and are expected to create 6
[831]
600 construction jobs and 5 100
[834]
operations jobs once at full capacity
[836]
quote in total gm and lg are investing
[839]
more than 7 billion via the venture to
[841]
build three battery plants production at
[843]
its ohio battery plant is expected to
[846]
begin in august an ultim spokeswoman
[848]
said the plant in warren ohio currently
[850]
has 700 workers production is set to
[852]
begin at its tennessee plant in late
[854]
2023 and in michigan in 2024. this is
[857]
big news for gm and their plans to
[859]
manufacture a million evs a year by
[862]
2025. over at rivian it was announced
[864]
that they will be laying off six percent
[866]
of their workforce in order to focus on
[868]
the production ramp of the r1t as well
[870]
as their other vehicles layoffs have
[872]
happened to a number of tech companies
[873]
recently including tesla but rivian said
[875]
quote we are financially well positioned
[877]
and our mission is more important than
[879]
ever but to fully realize our potential
[881]
our strategy must support our
[883]
sustainable growth as we ramp toward
[885]
profitability we need to be able to
[886]
continue to grow and scale without
[888]
additional financing in this macro
[890]
environment to achieve this we have
[892]
simplified our product roadmap and
[893]
focused on where it is most impactful to
[895]
deploy capital
[897]
ceo said quote to those leaving rivien i
[899]
am genuinely sorry thank you for pouring
[901]
so much of yourself into what we're
[903]
building you will always be a part of
[905]
our story and continue to be an
[906]
important part of our community it's
[908]
unfortunate to see but it does make a
[910]
lot of sense they will need to pare down
[912]
a little bit focus on ramping and
[913]
getting profitable with evs at scale and
[916]
expand in the future they are aiming to
[917]
build 25 000 vehicles this year honda
[920]
this week teased the design process for
[921]
the prologue ev that they plan to launch
[923]
in 2024. honda is one of the furthest
[926]
behind companies when it comes to
[927]
electrification but they are planning to
[929]
deliver 100 electrified cars by 2040.
[932]
this would technically be able to
[934]
include certain hybrids in any case they
[936]
are developing the prolog suv based on
[938]
gm's ultim platform and plan to launch
[940]
it along with an all-electric acura suv
[943]
overall this video is really just a
[944]
teaser of the design of this car that is
[946]
a few years off but it's great to see
[948]
electric vehicle progress from another
[949]
big brand that's all the latest tesla
[951]
news for today so in the meantime if you
[952]
want to see the new paint colors that
[954]
could be coming soon to the model y you
[956]
can check out that video linked up here
[957]
or in the description below thanks so
[958]
much for watching and i'll see you on
[960]
the next one
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