* Posts by MagZteel

1 post • joined 3 Nov 2017

Tesla share crash amid Republican bid to kill off electric car tax break

MagZteel

You are misunderstanding the situation. This is a tax credit, not a tax.

The government collects taxes. The government pays tax credits.

Based on projected sales they are projecting paying 4B in tax credits. Eliminating the credit eliminates the expense. Any sales impact caused by ending the subsidy is irrelevant to this calculation.

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