May 5, 2013 |
When Tesla Motors reports its first-ever profit Wednesday, much of the money will come courtesy of the state of California. In its zeal to push electric cars into the market, the state has created a system in which Tesla can make as much as $35,000 extra on each sale of its luxury Model S electric sports sedans. That's because the Palo Alto company qualifies for coveted state environmental credits that it can turn into cash. These Zero Emission Vehicle credits could put as much as $250 million in Tesla's coffers this year, according to one Wall Street analyst, and they are a key reason the 10-year-old automaker has survived this long.
November 25, 1990 |
Q: My husband is taking early retirement from his job and will be getting $30,000 from his pension and about $20,000 in severance pay. Right now, our combined annual income is $48,000, and we are in the 28% tax bracket. However, if we get all this money in a lump sum at the end of the year, our bracket could jump. Is there a way to defer any or all of this income until 1991, or even 1992, when our income will be just my $20,000-a-year salary? -- D. T .