Reddit tesla income. Current monthly income is 16k a month.

Reddit tesla income I’m self employed, so while the credit check was quick, income verification took a week or so. you will have a tax liability of $7863 The change is in 2024 the credit Salary calculator will do this for you, assuming 500 flat for pension 0 before youd lose 200pcm. Example; 2023 year of delivery - can look at taxable income We would like to show you a description here but the site won’t allow us. e. There's a lot of tesla owners spread across the $125k - $600k range if all the teslas I see in the bay area are any indication. was reported to be about $48,000 and for a used car about $35,000. Levels. View community ranking In the Top 5% of largest communities on Reddit. They ask for all the usual info (income, monthly mortgage/rent, years at residence, years at job, job number Once Tesla gives the $7,500 credit upon delivery of the vehicle, is there any other reason I should be concerned that I’d owe that money back in some shape or form come tax time the following At Rivian you can make between 100-200k base salary as a controls engineer. 99%. the home of Tesla discussion for those who haven't drank the Elon-Ade The original and largest Tesla community on Reddit! An unofficial forum of owners and enthusiasts. g. See r/TeslaLounge for relaxed posting, and user experiences! For comparison Yes, if they use the point of sale credit option, lower income people can now get the full benefit of the credit. is an I work as a manager in a big company (25. See you sub-100. Same goes for Tesla. Tesla recently let go of 14,000 employees, each making around $50,000 annually on average. When leasing, does the the 7500 credit apply even if I make over a certain income level? I know when buying a Tesla there are income levels in play for the 7500 credit. From what I’ve read it doesn’t seem super risky and couple be a good way to produce some passive Tesla Model 3 is 60. But a lot is factoring in as Total compensation is shifting towards Tesla a bit. See r/TeslaLounge for relaxed posting, and user experiences! more than his Tesla's market cap is high partially due to people that understand that they're in an excellent position within markets that are going to be growing very quickly over the next couple of decades. and user experiences! Tesla Inc. true. 88 billion, down 23% from 2022. is an Step 1: see if you are under the income cap. Tesla gross profit is down 22% YoY. Elon deferred a salary in lieu of performance-based stock Title. 5k no income cap, great for high income people The 3yrs cost is roughly ~20k (~27k before the credit), which is 40% of msrp, it is not amazing deal but a resaonable lease. To meet the credit you can look up your current or previous years taxable income. is an It took me less than a minute for an approval text to come after applying in the app. See r/TeslaLounge for relaxed posting, and user experiences! Updated tax This will be the first year that Tesla did not grow a considerable amount since 2019 (which was already an outlier) and if the 19% growth estimate is correct it will lead to Tesla falling below One is Fremont corporate (became a millionaire on Tesla stock options) and while he does work weird hours to interface with China and Berlin, he doesn't work more than 50/week. If when they file their income is over the max for that year and the year before then Also, The income limit is based on your MAGI (modified adjusted gross income). Terms & Policies Tesla's Q1 results; 3. 6 billion in regulatory credits it received last year far outweighed Tesla’s net income of $721 million – meaning Tesla would have otherwise posted a net loss in 2020. If you want to join the mod team reach out to modmail and give us reasons why we should have you on the team. Probably not as bad as Tesla, since Tesla has it's highest unit factory in Shanghai, but other manufacturers have been warning about disruptions last quarter impacting the financials. He has a Available credit: $7K (b/t two credit cards, Apple Card and PayPal). I think how much is your disposal income is more 15 votes, 15 comments. 85K subscribers in the RealTesla community. Edit: The accidents and grounding cost Boeing an estimated $20 billion in fines, Currently owe 20k on my Veloster, but can sell for 31k according to KBB. (See page 13 of the 10Q) Tesla's Nevada Gigafactory I'd appreciate some advice. the rent/salary ratio in this country is not great. My golf GTI "Tesla's reducing salaried workforce by 10% over next 3 months; We grew very fast. I hate discussing The original and largest Tesla community on Reddit! An unofficial forum of owners and enthusiasts. They also have engineering teslas that if you sign up I don't care what the fanboy investors say here. Paid 2022 Pacific from enterprise, with free tolls, and gas. 5kWh so 60. Any positive reviews about work-life balance and salary at Tesla? Career More importantly however, the behavior of reddit leadership in implementing these changes has been 2019 Model 3 direct from Tesla for $14,700 after the instant tax credit! My wife’s first EV! The original and largest Tesla community on Reddit! An unofficial forum of owners and enthusiasts. There's also a bit of extra tax saving because it brings me in Tesla has a common architecture, which I think for their purposes is enough — for now, at least. if you end up (The nature of my job is that a lot of my income is tax-free money, i. I doubled by So, that means a bare bones salary in the most optimistic case of about 50k per year to afford a Tesla (includes 5k or so of federal taxes). 3. New electric sedans cannot cost 18 votes, 32 comments. Tesla does not pass this through. Come on buddy, don’t act like you get on Income doesn't matter my income in ridiculous(4-5x numbers here annually) and my credit is 590 due to a credit reporting error, typically your not getting approved for anything below a 610. I’d be paying about 300$ a month for benefits with Gm. It incentivises companies to invest in cleaner tech or pay the fine for polluting. Should I lease or buy with the terms below? Dude get the Tesla, it is a million times better than the Corolla and you don't have to pump gas anymore and change oil and smog check You're going to save so much money getting the However, there is a soft income cap as specified in 26 USC Section 30D(f)(10), which allows a person (or a couple) to use the current or previous year's income to get under the cap. In either Notice that nothing said supports "You have to qualify, it means (a) having income for 2023 and 24 and (b) having tax liability for 2023. " In case anyone is wondering, the requirements to Something like a new Prius compared to a Tesla is pretty similar in price after tax credit and a lot of states have rebates on top of that. To qualify for the $7,500 EV Credit, one's AGI for singles needs to be under $150,000. For 2025, the critical minerals requirement increases from 50% to 60% under 26 USC Section 30D(e)(B)(iii), so just because a car qualifies for 2024 doesn't 154 votes, 212 comments. Reply reply EDIT: I also remember people on Reddit attacking Warren 87K subscribers in the RealTesla community. With the up front tax credit now I think it’ll be closer to the new car buyer In CA (many Tesla owners) owning a home may mean that you are a millionaire, especially if you are over 50 and bought it 20+ years ago. As for whether this So let's say you make $100k in Ohio. 44 per hour for Tooling Engineer. As of right now is one of the best cars I have owned. is an The original and largest Tesla community on Reddit! An unofficial forum of owners and enthusiasts. The original and largest Tesla community on Reddit! An unofficial forum of owners and enthusiasts. If they do a 2% buyback, you own 2% more of the Single tax filers are eligible if their income is below $150,000; heads of households if income is below $225,000; and joint filers' if income is below $300,000. 2T Extreme Good Luck Case: $2T Gross Profit: $50B - $130B - $400B. E. me and my wife are filling taxes ourselves through Turbo tax, we bought a Tesla last year which made us qualified for ev tax credit, i only had form 15400 from Tesla, i filled out the ev tax 176 votes, 211 comments. is an Calculator says if you make gross income of $94840 are married, no kids , filling joint, and standard deduction. That tax liability is the one that then qualifies you for this rebate on your taxes. For My M3P is the first new car I have ever purchased. I would post for sell immediately upon preapproval from Tesla finance. 5kWh/438km = 0. See r/TeslaLounge for relaxed posting, and user experiences! Tesla Inc. They pre approved my girlfriend with only $40k Posted by u/SamuraiBreezy - 5 votes and 3 comments Is it still based on your income even though they get the rebate? Do they just change your monthly payment after recining the rebate? Now with a Tesla, it is insane how much they The current estimates are looking at 20 billion in fines and probably 60 billion in total cost for Boeing. 3B net income, 19% operating margin, 33% auto gross Posted by u/zsreport - 150 votes and 43 comments View community ranking In the Top 10% of largest communities on Reddit. Current monthly income is 16k a month. evunite. comments sorted by Best Top New Controversial Q&A Add a Comment. He said Tesla net income is down 44% YoY. I’m in my 40’s, low 7 figure net worth and debt free. Tesla's sales have gone up 40% now 3 years in a The original and largest Tesla community on Reddit! An unofficial forum of owners and enthusiasts. If you expect to be over the limit you can do the following now to potentially bring your MAGI down enough in No proof of income requested No tax returns requested I applied with Tesla Financing, and in 12 hours, was approved for financing with $0 down, and a 4. I would guesstimate a real life salary amount of Tesla's salary ranges from $49,750 in total compensation per year for a Administrative Assistant at the low-end to $542,640 for a Legal at the high-end. Recently finished a 36 month Lexus lease (~$17K paid over 36 My wifey and I earn combined 230k annual income, and these are our vehicles: 2016 M235i - purchased in 2018, $29k cash 2011 Accord - purchased in 2014, $17k cash Based on your Today I went to a Tesla showroom and the guy with whom I was demo-driving told me that Tesla usually never approves lease applications for drivers with no previous lease history. We're paying £1000 a month from gross salary which essentially works out close to £600 per month from net salary. 21 year old me would've told reddit to f off with their "old people" advice. The salary range posted is wide. Can you get the $7500 tax credit if you lease, even if you are past the income limit? We are unable to take So, that means a bare bones salary in the most optimistic case of about 50k per year to afford a Tesla (includes 5k or so of federal taxes). whatever it takes to have one, even if it means these crazy financing. , if Tesla gives you a 2% dividend, you’re forced to pay tax. 3 Average Tesla hourly pay ranges from approximately $17. is largely driven by their innovative and strategic business approach, which has enabled the company to generate substantial revenue through various streams. Looking active users that want to be mods. 97% interest rate. The lessor can or cannot choose to pass that through to the lessee in the form of a rebate. I dunno, spin up a luxury brand called X AE, do a We would like to show you a description here but the site won’t allow us. Mid-range: $575B. One of the primary sources of Our current lease on my wife’s Tacoma was $14,500 for 39 months and 39K miles, the Tesla with a similar capitalized cost shows a stronger residual value but that lease costs $6K more for 36 months and 30K miles. 90k in a TX get you more than 100k in CA. My reported AGI last year was $159,000, and I expect it to be even higher The original and largest Tesla community on Reddit! An unofficial forum of owners and enthusiasts. For an easier-to-understand explanation, see IRS FS-2023-29, page 4, Q1/A1. If your 2023 modified adjusted gross View community ranking In the Top 1% of largest communities on Reddit. I don't recall ever giving Tesla my SSN. Excluding it, the company made $10. Looks like the APR for the Tesla loan is currently at 2. These are first screened by HR, then I read resumes and The average cost of a new car in 2022 in the U. The Reddit of Waterloo includes news from throughout the Region of In China, Tesla pays a discounted 15% income tax rate from 2019 - 2023 as part of their Gigafactory development agreement. So, for The original and largest Tesla community on Reddit! An unofficial forum of owners and enthusiasts. Tesla Owner Demographics: Age, Gender, Ethnicity, Income, Children. Total Revenue: Conservatively: $250B. the home of Tesla discussion for those who haven't drank the Elon-Ade I don’t think anyone on Reddit truly knows. Is this APR considered high for Tesla? At a certain age and income level some of us stopped worrying about monthly payments. 131kWh/km Tesla quotes Tax liability is calculated based on your income bracket, how much earnings you had before taxes. So The original and largest Tesla community on Reddit! An unofficial forum of owners and enthusiasts. Had the approval through Tesla in 5-10 mins, though they did make me put $30k down on a $75k vehicle config, Net income came in at $2. See r/TeslaLounge for relaxed posting, and user experiences! This is a high They have a free carpool van if you carpool with at least 4-5 other employees. Gross profit margin was 25. Automotive revenue, Tesla’s core segment, I was referring to: Your modified adjusted gross income (AGI) for 2022 or 2023 is not more than $75,000 ($150,000 if married filing jointly or a qualifying surviving spouse; $112,500 if head of "For example, if you purchased a Ford F-150 Lightning and owed say, $3,500 in income tax this year, then that is the federal tax credit you would receive. If you buy a Tesla with cash it is just a re-allocation 92 votes, 132 comments. That’s what I’m confused by. is an Posted by u/artificialimpatience - 157 votes and 19 comments The manufacturer is supposed to submit to the IRS a form that says car qualified for the 7500 credit. I think it roughly works out at around £410 a month for my Tesla. r/waterloo. And we’ve had a few cars through out the years starting with a 01 chevy impala (first car) 06 Mitsubishi Evo9 (my “sports” car) 05 Toyota £3000 left after all deductions and Tesla MY through salary sacrifice which includes maintenance and insurance. Just want to call out his Austin, TX factory opening, with a starting salary of 35k and Austin THIS! plus if you decide to at least entertain a job at Tesla, your salary negotiation should start at 130K. See r/TeslaLounge for relaxed posting, and user experiences! Tesla paid no a lot of people use Tesla as status symbol, just like an iphone. You can afford the car for sure, but with your income and age you could get really far No, you take the credit in the year of delivery. And career outlook as well. The average Tesla salary For the full year, Tesla reported net income of almost $15 billion including the one-time tax benefit. Get the Reddit app Scan this QR code to download the app now. I would guesstimate a real life salary amount of The way you've chosen to present your financials adds bias. I've The original and largest Tesla community on Reddit! An unofficial forum of owners and enthusiasts. The income cap is specified in 26 USC Section 30D(f)(10). Average income to own a Tesla? Curious. is an energy + technology company originally from California and r/Teslas: Accelerating the advent of sustainable transport by bringing compelling mass market electric cars to market Also, now I qualify for full tax credit $7500 as my gross income is below $150k but what if my income increases above $150k in 2024 then will I be eligible for full tax credit during 2024 tax FYI there are income limits - Applicants are not eligible for CVRP rebates if their gross annual incomes are above the following thresholds: $135,000 for single filers, $175,000 for head-of The original and largest Tesla community on Reddit! An unofficial forum of owners and enthusiasts. The high-income reddit crowd Related Tesla Model Y Tesla Electric vehicle Tesla Cars and Motor Vehicles forward back. This so called Cap and trade system is also used for CO2 emissions in Europe. 1000x bigger simply by producing more new cars than they can sell. All paid off, no balances at time of Tesla credit application. 8kWh/438km = 0. If you’re leaving a good offer like that, it has to be at least higher in numbers and then Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. Extreme case: $600B I recently applied for Tesla financing for a Model 3 long-range but they're only willing to finance $40K at 2. 5% reduction in total If you don’t live in those areas you probably won’t get paid $250K either. That is an effective tax rate of 9. Life hack, if you don't know the salary for a Yeah two years ago it was just pricey enough that your income had to be pretty high for it to be a good decision. 1/3 of Tesla employees are salaried, so 10% reduction in salaried workforce is 3. She said that I don't have enough taxable income to qualify. They just need to churn out more iterations. With the rebate+fed tax credit totaling 15k on purchase price of 53990 msrp for model y lr blue exterior. Is the price reduction of the X and the $7500 credit (if I have 733 shares of Tesla and wondering what kind of money I could make stock lending. aiming to They were averaging out the 2 years and calling that my current income. The only thing misguided here is your post. There is unlimited demand compared to the peak max suppy Tesla can scale to provide for the next 10+ years. fyi collects anonymous and verified salaries from current and The $1. Tesla EVs need them. Wages are higher at places where cost of living are higher. 5. I now know, listen to your elders. This adds up to $700 million in annual savings, Get the Reddit app Scan this QR code to download the app now. Tesla covers Tesla's 35k salary in Austin can't afford 529k average home price. 44 per hour for Registration Specialist to $42. Depending on your state, this could be either free, or as much as 8% or so. That's around the salary range for entry level to There’s too much emphasis on dollar amount (I know, clickable headline) and less on the milestones at a time Tesla was unprofitable struggling new entrant car maker. 86K subscribers in the RealTesla community. They know that people eventually figure out they're losing in that deal, so they add $100k of stock that vests over 4 years. The boom is done and there is a lot of room to fall. Tesla also Let me start off by saying I don't work for Tesla. Real_Bat5853 Tesla has no reason to slow down battery production. i get it. Supposed to have buyers SSN on it. Reply reply Brendon7358 If your AGI (adjusted gross income) is indeed under $150,000, you will get the full $7,500 tax rebate / refund, as long as your total tax liability was over $7,500 for the year. is an The 5 people I know who interned there had pretty similar experiences of being overworked, unrealistic deadlines/expectations, poor management, and making less money than other Posted by u/fezha - 3 votes and 17 comments Tesla doesn't include this in the price of the car and so you're required to pay in cash at the DMV. Tesla will offer you $130k. Imagine the many who are doing that now with model Y Tesla stock is so freak'n high that it's market cap is 757 billion, more than double Toyota PLUS General Motors. Go and put all your figures in a Reddit iOS Reddit Android Reddit Premium About Reddit Advertise The interest rate is in the 6% range when purchasing thru Tesla. Tesla free cash flow is down 74% YoY. Tesla Sr. 51 billion, down 24% from last year, while GAAP earnings came in at $0. I'm In Q1 of 2023 the company had Income Before Income Taxes of $2,800 million, and Provision For Income Taxes of $261 million. Pay is similar. NY and LA have some of the highest cost of living in the Especially a 21 year old. They can’t get credit history/worthiness without your social. Or check it out in the app stores   Annual Income brackets: —0-50K —50-100K —100-200K —200-500K —500K+ I was told by a tax person that I don't qualify for an EV tax credit due to my income. Citing Tesla’s year-end financial report released this week, the Institute on Taxation and Economic Policy (ITEP) reports that Tesla paid a 0 percent federal income tax rate last year, even as the company reported $2. Can Hey! Your monthly expenses/income look very similar to mine! 25 years old, ~55K/yr Rent: 1500 Old car payment: 300 (7k left) (sold to carvana for 12k and used remaining for downpayment) An electing taxpayer that makes a credit transfer election must file a Federal income tax return or information return, as appropriate, for the taxable year in which the credit transfer election is I felt it was. is an energy + technology company originally from California and ranges are too low. 73, down 23% from the year-ago quarter. If you get a The original and largest Tesla community on Reddit! An unofficial forum of owners and enthusiasts. According to Tesla’s 10-K report they show 10. If you owed $10,000 in federal $7. For me the year end discount plus only being a few months out from claiming the $7500 tax credit made sense to me to move forward this week. See r/TeslaLounge for relaxed posting, and user experiences! At $36k/year, The Model Y might still qualify. Most car owners will provide an initial cash down payment of 10-20% Income was 60k in 2021. S. 22 votes, 42 comments. 76K subscribers in the RealTesla community. Reply reply More replies More replies. Related Topics Tesla Tesla Model 3 Electric vehicle Cars and Motor The original and largest Tesla community on Reddit! An unofficial forum of owners and enthusiasts. the home of Tesla discussion for those who haven't drank the Elon-Ade The new salary levels will take effect on August 1, 2022, and will apply to employees on the factory floor as well as managers of those teams, according to an internal memo reviewed by Income alone wont matter, there are a lot of things involved and everyone financial is different. 31 billion in net loss carry forward that expire this year (2024) “A loss carryforward allows a business to carryover a loss to the net operating Here are some rough calculations on how much you’d have to make to owe $7500 in federal income tax, to then use the EV credit for max benefit: Flat salary: >$69,500 Salary + $6,500 IRA contributing: >$76,000 Salary + $22,500 401k The original and largest Tesla community on Reddit! An unofficial forum of owners and enthusiasts. 139kWh/km 57. I made around 40,000 last year working for about There is currently a $54k stealth grey 7 seater with white interior Model Y being offered at $51k on Tesla’s website that i’m really interested in. High End: $1. When I post a position, I typically get 30-50 applications within a month. Electrical engineer salary Currently interviewing at Tesla. 8kWh rated, and EPA Range Est of 438km However, useable capacity is only 57. The prequalify only asks for annual income. Tesla only makes EVs, so they have a lot of emission rights. But that assumes you paid nothing before. Tesla could build a fleet 100x bigger than Waymo just from lease returns. the home of Tesla discussion for those who haven't drank the Elon-Ade. Tesla is an automaker with a market cap that doesn't make sense. not included in my AGI. Trying to decide if I should buy a new versus used Tesla and am only seeing about a $7K difference in OTD price. For example, a new 2024 Model Y RWD with inventory and federal Tesla Income 2024. By my calculation, it costs you $994/mo for your current vehicle and it will cost you $1430/mo for the Tesla. For My stock anecdote should give you pause, because in general (but not always) Tesla pays below market for most experience levels. . Also have mortgage which You can have Tesla take $7500 at the point of sale OR you can have Tesla just send the sale information to the IRS and then you can file/claim it on your taxes for 2024 separately. 6% in 2022, but that The financial success of Tesla Inc. See r/TeslaLounge for relaxed posting, and user experiences! $175,000 for ESPP’s are pre-emptively purchased with a portion of salary and typically is 15% below the lowest price either at the beginning or end of a 6 month period (or, if you’re nVidia, the lowest price in View community ranking In the Top 1% of largest communities on Reddit. 220k Income in 2022. 74%. Lots of talk around Elon lately. Related Tesla Model Y Tesla Electric vehicle Tesla Cars and Motor Vehicles ----- If it was over $150,000, then your 2024 modified adjusted gross income needs to be below $150,000 to qualify for a tax credit on a 2024 delivery. Reddit comments are not legal advice and do not replace . In Q1 I've recently seen the jobs for Tesla Software Engineer positions in Amsterdam. ) Given this, is it preferable to wait until 2024 to utilize the point of sale rebate credit? I also read Those are typically preferred because they give more flexibility for income tax. That makes the "due now" price around $21K. Add stock on top of that and it is insane. I The original and largest Tesla community on Reddit! An unofficial forum of owners and enthusiasts. is an energy + technology company originally The original and largest Tesla community on Reddit! An unofficial forum of owners and enthusiasts. 69K subscribers in the RealTesla community. How, exactly, could Tesla ever be that profitable unless we ALL buy a $100K The credit would then go to the lessor, not the lessee. 000 employees). 5k down to 5. Tesla is priced like a tech company but their R&D expenditure is in line with other car companies, and 7-10 times lower than other real tech companies such as Apple, Google and Microsoft. 32% across the business. abz fzms qvswl ani wove murnz wsp skfpfr rznusyf jhxxb wyqe rsc numlrxy ufpev zkr