Perhaps from this: 200k cars sold * $7500 tax credit (+ the cars sold during the phase out, perhaps another 100k maybe at an average of $2500)
Such credits are intended to go completely to consumers, but as many government programs have unintended consequences, or perhaps unadvertised effects, the producer just charges more for the item because they know the consumer is willing to spend more knowing they'll get the tax credit, only if they buy that item. Tesla even factored the credit into the price they showed on their website, which many complained was false advertising as it was very possible not to have $7500 in tax liability, but the vast majority did.
It became obvious that Tesla captured a substantial portion of the credit when they lowered the prices every time the tax credit dropped, meeting the people who "lost out" on the credit half way. They had quite a bit of room in their margins to attract new buyers with lower prices. Maybe not $1.5B of margin from the credits, but definitely not $0.
Bad spin. He claims the price is lower because of the “subsidies”. Which is opposite of what you’re implying.
Not only that your logic is flawed, the math also doesn’t check out. Why? Not everyone who were the first 200k early adopters got the credit. Because you would have to owed the tax liability. Hence it’s called a tax credit and not refund.
Moreover, if we use the logic you’re claiming. Then BMW has benefited from it too! Since they sell the i3 EV. Same with other manufacturers that offer BEVs. Like Chevy, Nissan, Audi and Jaguar etc.
Such credits are intended to go completely to consumers, but as many government programs have unintended consequences, or perhaps unadvertised effects, the producer just charges more for the item because they know the consumer is willing to spend more knowing they'll get the tax credit, only if they buy that item. Tesla even factored the credit into the price they showed on their website, which many complained was false advertising as it was very possible not to have $7500 in tax liability, but the vast majority did.
It became obvious that Tesla captured a substantial portion of the credit when they lowered the prices every time the tax credit dropped, meeting the people who "lost out" on the credit half way. They had quite a bit of room in their margins to attract new buyers with lower prices. Maybe not $1.5B of margin from the credits, but definitely not $0.