ENDS March 13, 2025
2024 Tesla Model S Plaid
One (1) Grand-Prize will be awarded consisting of one 2024 Tesla Model S Plaid, plus $27,000 to be applied toward the winner's IRS withholding requirement for federal income taxes (approximate current retail value of the Grand-Prize is $127,380.00) or an alternate cash prize of seventy-five-thousand dollars ($75,000.00), subject to IRS withholding requirements. If winner selects cash option, he or she will receive a check for $56,250.00 Additionally a withholding payment in the amount of $18,750.00 will also be applied to the winner’s IRS withholding. All non-stated options and features are in Sponsor's discretion and subject to availability. Once Conditional Grand Prize Winner is certified, arrangements will be made to award the Grand-Prize at a prize award ceremony. When applicable, the Grand-Prize Winner must provide proof of insurance and a valid driver's license in order to receive any vehicle included in a Grand Prize. The Grand-Prize awards will take place at a location and date determined solely by the Sponsor. If the Sponsor requires the winner to travel to receive the award, the Grand-Prize winner will be given a stipend to cover his or her reasonable round-trip coach-class transportation from a major airport near winner's residence and one night lodging expense for one person to attend the award ceremony. If the winner is not able to travel on the date required by the Sponsor, the prize may be forfeited. The Grand-Prize Winner agrees to participate in the award ceremony as a condition to receive the Grand Prize. Should the Grand-Prize winner receive a non-cash Grand-Prize which includes cash for taxes, the Sponsor or Sponsor's agent acting on behalf of Sponsor, agrees to pay the published amount toward the IRS withholding requirement on behalf of the Grand-Prize Winner (resulting from winning the Grand-Prize). For purposes of federal taxes, the net fair market value of the Grand-Prize, plus any published cash award applied toward the IRS withholding requirement, as of the date the winner receives the Grand-Prize, will determine the net value of the Grand-Prize, not the approximate current retail value of the Grand-Prize. If the cash portion of the Grand-Prize, should any exist, not fulfill the withholding requirement calculated by applying the IRS gross-up formula to the net fair market value of the grand-prize at the time of the award, the Winner will be required to fund the difference at (or prior) to receiving the Grand-Prize. Grand-Prize Winner is responsible for all taxes resulting from winning the Grand-Prize including all federal, state and local, taxes, fees, assessments and like charges. Prize is non-transferable and no substitution will be made except as provided herein at the Sponsor's sole discretion. Sponsor reserves the right to substitute any listed prize for one of equal or greater value for any reason.