Can I write off my Tesla as a business expense?

If you use your Tesla for business purposes, you may be able to write off some of the costs as a business expense. The IRS allows for the deduction of vehicle expenses incurred for business use. However, the vehicle must be used for business purposes more than 50% of the time to qualify for the deduction. The amount you can deduct depends on the percentage of time the vehicle is used for business. You can either use the standard mileage rate or the actual expenses method to calculate your deduction. The standard mileage rate is simpler, but the actual expenses method may allow for a larger deduction. It includes costs like depreciation, lease payments, registration fees, insurance, repairs, and gas. Personal use of the vehicle is not deductible. Also, if the vehicle is used for both business and personal use, only the business portion is deductible.