Note: This older article is only meant to be informational and should not be considered financial advice. Please consult with an accountant for your particular situation.
Originally published in 2018 – some information may now be outdated.
Many Tesla enthusiasts are on the waiting list for a Model 3, hoping to get their hands on this relatively affordable car. However, since Tesla is currently only rolling out the high-end Model 3 until later this year, many are willing to pay more for the premium Model 3 to get it earlier.
It may sound crazy, but did you know that if you get a Model X right now (delivery by Q2), it can be around the same price as a premium Model 3? What’s the catch, you ask? A couple things: 1) It has to be used for business purposes and 2) You need to order soon to take advantage of the full Federal Tax incentive of $7,500.
Check out the video below for the details. One thing that’s missing that makes the Model X a touch cheaper over time is Free Supercharging Credit on the Model X. When you use an existing owner’s referral code, you will receive a bonus Supercharging credit, saving on initial charging costs. A perfect way to start your EV journey!
Remember, order soon to get delivery of your Model X (or S) as soon as possible for the tax credit. You can always cancel your order in three days for a full refund, or later (they will hold the deposit towards another Tesla product).
Video by Go2Mars: How The Model X Can Be Cheaper than a Premium 3:
Additional information on the new deductions can be found here:
Forbes – Changes To Depreciation In The New Tax Law
