It was a long night for Telsa and their new truck release. Been a rough week with a horrible evening, preceded by SpaceX blowing its top.
When you are about to shell out for your EV and the idea of that $7500 tax credit. Just keep in mind if you are married filing jointly with 2 kids you will need an income of <$115k PA, to realize the full Tax Credit. If you owe less than $7500, say $5000 in taxes, you will not be receiving a check for $2500 as a refund. Doesn't work that way.
The number of returns in the US that have people making >$100,000+ is 27.6M people. There is your market to take advantage of the full impact of the tax credit. You are fortunate to be in the top 18% of the population, congratulations. To make the famous top 1%, annual income needs to be just north of $500,000/PA. Only 1.5M people in that bracket.