Tesla has more than 3,000 Model 3 vehicles left in USA inventory

Adjust Comment Print

An up and down year for Tesla ends with some good tax news from the boss.

It's a bad thing for folks who want to buy a Tesla in the future.

Most of these new electric models from Tesla rivals will be eligible for the full $7,500 federal tax credit. However, the automaker clarified that it is possible to buy from established inventory and still get tax credit if the purchase is consummated by year's end. Musk even offered to deliver cars directly to customers homes or offices, instead having them drive to a Tesla showroom to take delivery. On Monday afternoon, Tesla CEO Elon Musk tweeted, "US $7500 tax credit drops in half at midnight!"

But Musk has continued to taunt the U.S. agency, most recently in an interview broadcast earlier this month with network news program "60 Minutes".

However, for those owners who might change their minds about purchasing a Tesla with the tax credit being halved this week, Musk promised to cover the tax difference in a post this week on Twitter, as the company ramps up efforts to deliver cars to new customers before the deadline.

Apple to increase iPhone production in India next year
It should be noted that it's now unknown whether Foxconn is planning to move its existing iPhone assembly from China to India. Three sources cited by Reuters today said the company has tapped Foxconn for the project.

House Democrats ready Thursday vote to reopen government, end shutdown
According to Mr Kelly, Mr Trump was keen to pull American troops from Afghanistan in the early days of his presidency. "An all concrete Wall was NEVER ABANDONED , as has been reported by the media ", the president said .

Africa recorded almost 600 cases of infection with Ebola virus
The doctor is being monitored in a secure area that is not accessible to the public or any patients. According to the hospital , the doctor was flown by private plane and then taken by vehicle .

The SEC moved to punish Tesla and Mr Musk because it alleged he committed fraud by tweeting that he had the "funding secured" to take the company private at $420 a share.

And Musk said in a tweet earlier this month that if Tesla committed to December delivery and the customer made a "good faith effort" to receive it before year end, Tesla will cover the tax credit difference if the vehicle doesn't get there until next year.

Earlier this year, Tesla said orders placed by October 15 would be eligible for the full tax credit of $7,500 and that customers would receive their cars by the end of the year.

On Sunday, auto blog Electrek reported that there were more than 3,300 Model 3 vehicles sitting in Tesla's United States inventory, according to an unnamed source familiar with the matter.

Some of the inventoried vehicles may be sold today, but sources speaking to Electrek indicated that it would likely not be possible for the auto maker to draw down its entire inventory in one day.