Tesla $7,500 Tax Credit Update: July 4th Deadline and Elon Musk's Bold Stand

Hey everyone, DennisCW here! Welcome back to another update on all things Tesla and electric vehicles (EVs). In today’s post, we’re diving into the latest developments surrounding the $7,500 federal EV tax credit, Elon Musk’s fiery response to a controversial congressional bill, and a potential end date of July 4th for crucial decisions on this incentive. Plus, I’ll share some exciting Tesla news, community comments, and updates on deals and accessories. Let’s get into it!

The $7,500 EV Tax Credit: On the Chopping Block by July 4th?

The federal $7,500 tax credit for electric vehicles has been a game-changer for Tesla buyers and EV enthusiasts alike. However, it’s now facing a potential termination as part of a massive congressional spending bill that Elon Musk has publicly slammed. According to recent updates, Congress aims to get this bill to President Trump’s desk by July 4th, with the Senate as the next step in the approval process. If signed into law without changes, the tax credit could officially end on December 31st, 2025.

This tight timeline means we’ll likely know the fate of the credit within the next month or two. For those of you considering a Tesla purchase, this could be your last chance to lock in the $7,500 credit alongside current inventory discounts and financing offers like 1.99% on Model Y or 0% on Model 3. Don’t forget to use a Tesla referral code (like mine in the description below) to snag three months of Full Self-Driving (FSD) with your purchase!

If the credit disappears, not all EV manufacturers will lose it simultaneously—some may retain eligibility into 2026. This could create a pricing disparity in the market, potentially making certain EVs better deals than others. Tesla might even lower prices to compensate if the credit is axed. What are your thoughts? Should you buy now to secure the incentive, or wait to see if prices drop? Let me know in the comments!

Elon Musk’s Strong Words Against the Congressional Bill

Elon Musk didn’t hold back when it came to this “pork-filled” congressional spending bill, calling it a “disgusting abomination” in a post that garnered over 54 million views. The bill doesn’t just target the $7,500 EV credit—it also threatens a $4,000 EV tax credit and a 30% solar tax credit, among other anti-EV provisions. Elon’s frustration seems to stem from both the excessive spending and the direct impact on the clean energy sector.

House Speaker Mike Johnson responded, acknowledging Elon as a “good friend” and praising his efforts to highlight government waste. While I’ll steer clear of the deeper political debate, it’s clear there’s tension brewing. Some speculate the “honeymoon phase” between Elon and certain political figures may be over. What do you think about Elon taking such a public stand? Drop your opinions below!

Community Feedback: Should You Buy a Tesla Now?

During my recent live stream, many of you shared your thoughts on the tax credit situation and Tesla purchases. Here are some highlights:

• Alex shared excitement about picking up a Model Y Dual Motor, their first Tesla. Congrats, Alex! Check out my recommended accessories below to enhance your experience.
• David asked if waiting past mid-June for new Tesla incentives is wise. My take: If you’re financing, lock in the 1.99% rate now, as it’s set to expire soon. Cash buyers or lessees might see bigger inventory discounts later.
• Rafie questioned if a proposed $10,000 interest tax write-off for American cars could outweigh the $7,500 EV credit. I broke this down in a previous video—spoiler: the $7,500 still has more direct impact, but any incentive is better than none.

If you’re on the fence about buying a Tesla, this uncertainty might be the push you need to act before the year-end. Have a question or story to share? I’m all ears!

Protect Your Data Before Financing with Aura

If you’re planning to finance your Tesla, there’s one critical step to take first: protect your credit. With recent data breaches like the one at Bank of America (where customers weren’t notified for a month), your personal info could be at risk without you even knowing. On average, companies take 277 days to report breaches—that’s nine months of exposure!

That’s why I use Aura, today’s sponsor. Aura constantly scans the dark web for my data—social security, bank info, and more—and alerts me if anything’s compromised. They also offer tools to reduce spam calls, remove personal data from broker sites, and provide up to $5 million in identity theft insurance, all in one easy app. Try Aura free for 14 days at aura.com/denniscw (link below). Don’t wait until it’s too late—protect your data now, just like I do!

Exciting Tesla Updates and Deals

• Unplugged Performance Wheel Trade-In Program: Now extended to Model X owners! Trade in your stock rims and tires from Model Y, Cybertruck, Model S, or Model X for credit toward performance rims. Check the link below for details.
• Model Y Rear-Wheel Drive Deliveries Begin: Confirmed VINs and delivery dates (as early as June 21st-30th) are rolling out. If you’re in LA or OC and taking delivery soon, hit me up—I’d love to join you and check it out for a video!
• New Purchase: 2019 Model 3: I just bought the cheapest high-mileage Model 3 in the country (157k miles, FSD included, minor damage). Shoutout to CheapTeslas.com for the deal! What should I do with it—crazy stunts or a giveaway? Comment your ideas!

Must-Have Tesla Accessories from Jowua

New Tesla owners, listen up: Your car comes with zero accessories—not even a phone mount! I’ve partnered with Jowua to bring you my top picks, including a phone mount, center console organizer, and an underscreen storage mount for sunglasses. They also offer cool extras like a wireless game controller and a portable air compressor. Use my promo code below to save money and support the channel, plus get free shipping on orders over $120. Links in the description!

Wrapping Up

The clock is ticking on the $7,500 EV tax credit, with July 4th as the next key date to watch. Elon Musk’s outspoken criticism of the congressional bill adds another layer of drama to this unfolding story. Whether you’re rushing to buy a Tesla now or waiting to see how things shake out, I’m here to keep you updated. Thanks for reading, and a huge shoutout to everyone who’s supported the channel via Patreon, referral codes, and comments. Don’t forget to subscribe to my free email newsletter (link below) for the latest Tesla deal hacks!

What do you think about the tax credit situation? Are you buying a Tesla before the potential cutoff? Let’s chat in the comments, and I’ll see you in the next post or stream!

-DennisCW

Links & Resources:

• Tesla Referral Code: [Link in Description]
• Aura 14-Day Free Trial: aura.com/denniscw
• Jowua Accessories Promo Code: [Link in Description]
• Unplugged Performance Trade-In: [Link in Description]
• Newsletter Sign-Up: [Link in Description]