CCCv2 upgrade for Lucid Air using points discussion

[rrreese]

Hopefully they add it soon. They haven't even removed an expired experience on the store. It should be about 7,000 points considering the wall charger is 8,900 which costs $1200.

 

[skomarla]

I think this amount triggers a 1099 MISC so taxes will be due on that amount. So think about it accordingly.

I for one would be willing to pay a higher point amount. Bottom line is that it wouldn’t be “free”. Entirely would depend on your tax situation.

 

[borski]

I think this amount triggers a 1099 MISC so taxes will be due on that amount. So think about it accordingly.

I for one would be willing to pay a higher point amount. Bottom line is that it wouldn’t be “free”. Entirely would depend on your tax situation.

The minimum is $2000 as of 2026 (used to be $600 before), so that is unlikely to apply unless you get other things from the points store too.

 

[yash3030]

Math wise i am not sure why is this even a debate. A hypothetical calculation below:
Assuming it is max of 10000 points in the store.
Equivalent $ for 1099 MISC - 0.125*10000 -> $1250 (this is Lucid's conversion ratio)
Anyone in 30% tax bracket would pay - 30% of $1250 as tax (out of pocket) - $375, which is definitely less than $950 out of pocket.

Am i missing something here?

 

[skomarla]

The minimum is $2000 as of 2026 (used to be $600 before), so that is unlikely to apply unless you get other things from the points store too.

Good to know!

 

[skomarla]

Math wise i am not sure why is this even a debate. A hypothetical calculation below:
Assuming it is max of 10000 points in the store.
Equivalent $ for 1099 MISC - 0.125*10000 -> $1250 (this is Lucid's conversion ratio)
Anyone in 30% tax bracket would pay - 30% of $1250 as tax (out of pocket) - $375, which is definitely less than $950 out of pocket.

Am i missing something here?

No. Just saying it might not be free. But $2000 changes the situation .

 

[borski]

Math wise i am not sure why is this even a debate. A hypothetical calculation below:
Assuming it is max of 10000 points in the store.
Equivalent $ for 1099 MISC - 0.125*10000 -> $1250 (this is Lucid's conversion ratio)
Anyone in 30% tax bracket would pay - 30% of $1250 as tax (out of pocket) - $375, which is definitely less than $950 out of pocket.

Am i missing something here?

Your calculations are fine but unnecessary, as it is below the $2000 de minimis threshold.

 

[yash3030]

No. Just saying it might not be free. But $2000 changes the situation .

Thanks!

Your calculations are fine but unnecessary, as it is below the $2000 de minimis threshold.

Yeah this year! Last year "if" this was available on the store, with other merch i had ordered, the calculation would have been very much applicable.

 

[borski]

Yeah this year! Last year "if" this was available on the store, with other merch i had ordered, the calculation would have been very much applicable.

Yup.

Although, since one of my favorite classes in college was The Art of Approximation in Science and Engineering, I would’ve stopped at “it costs less than cash, as it is less than 100% tax”

 

[yash3030]

Yup.

Although, since one of my favorite classes in college was The Art of Approximation in Science and Engineering, I would’ve stopped at “it costs less than cash, as it is less than 100% tax”

Yeah but you have been long enough on this forum to know that someone would've jumped at the opportunity of asking - "How?", and made me explain the math anyways with some unnecessary tangents in between

 

[Worldwide Beagle]

Hopefully they add it soon. They they they

Hope is not a strategy. Certainly not a legitimate business strategy. "Abandon all hope, ye who enter here"

 

[rrreese]

The rewards portal has been somewhat down a few hours. Can't see points/referrals in the app and logging in via browser works but not staying logged in when at the store. Hopefully making some changes

 

[Worldwide Beagle]

As my grandmother would say, from your lips to God's ears. Or even Lucid's ears.

 

[Buffalo Bob]

The Referral Store is up now... At least via the Lucid Web Portal, but the 'referrals' tab on the app is not working. No changes than I can see. Even the Pebble Beach event is still there.

 

[sri]

The Referral Store is up now... At least via the Lucid Web Portal, but the 'referrals' tab on the app is not working. No changes than I can see. Even the Pebble Beach event is still there.

Lucid may require three to six months at most; the Pebble Beach event should be removed because its complexity could force stock dilution to resolve it. It is unclear why Lucid treats software development as if it were as intricate as in the 1980s.