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Tesla received $713 million in U.S. subsidies in Q3, compared to its $312 million profit.
Current law stipulates that, once an auto manufacturer produces more than 200,000 of a qualified electric vehicle, the tax credit (up to $7,500 for buyers) halves. Tesla officially reached that point in 2018, with the maximum credit slashed from $7,500 to $3,750 this month.
Tesla received $713 million in U.S. subsidies in Q3, compared to its $312 million profit.
The $4.9 billion in government subsidies (much of the data sourced from our Subsidy Tracker database) covers three companies affiliated with Musk: SolarCity (ranked 28th in our list of top recipients), SpaceX, and Tesla Motors (ranked 22nd).
The federal program specifies that vehicles with a base price of less than $45,000 qualify, even if they have add-ons of up to $10,000, bringing the total price of the vehicle to $55,000. This means that a standard Tesla Model 3 with a retail price of $53,700 will also qualify for the rebate.
Tesla Motors announced Wednesday that it has repaid a $465 million loan from the government nearly a decade before it was scheduled to do so. The electric-car maker received the loan from the Department of Energy in January 2010, and it made its first payment this past December.
31. That's because the last batch ever of Tesla electric vehicle buyers will receive a federal tax credit by the end of the year. Tesla is at the tail end of a government incentive program for all EVs sold to receive a $7,500 subsidy. For Tesla buyers now in December 2019, the subsidy is down to only $1,875.
USA. The U.S. federal government is subsidizing electric cars with a $7,500 consumer tax break for the first 200,000 vehicles an automaker sells. Subsidies for Tesla finished at the end of 2019, while those for GM will run out on March 31.

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