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Tesla will deliver new orders for 3 models by the end of the year

Tesla chief executive Elon Musk said Thursday that the three models ordered in the US by the end of the month would be delivered before December 31, when the electric car maker will try to take advantage of tax exemptions.

HIGHLIGHTS

  • “Skipping rail saves over a month for East Coast deliveries,” said Musk
  • Orders placed by October 15 were earlier set to be delivered by year-end
  • Tesla will hand out tax credits of $7,500 until the end of the year

“Tesla has just acquired the necessary transport capacity so that model 3 can be delivered to the US by December 31, if the request is made before November 30,” Musk said on Twitter.

“By skipping the rail, you save more than a month for deliveries on the East Coast – after all, it’s best to use trucks, load / unload individually and locate the owner directly.”

Tesla did not immediately respond to a request for additional information on the acquisition.

“I think it’s a good move, we need a little more detail to know what capacity it is, but having these trucks on the road will help restore order,” said Craig Irwin, an analyst at Roth Capital Partners.

Tesla had previously indicated that orders placed before October 15 would be delivered by the end of the year.

The electric car maker has until the end of the year to grant customers a tax credit of $ 7,500 (about 5.39 lakhs).

Credits are available for six months after a car maker has reached the 200,000 mark, which Tesla reached in July. Then incentives are reduced by 50% every six months until they are eliminated.

Tesla has promised a profit for its fourth quarter. The company said it had reserved $ 189.5 million in auto regulatory credits in the third quarter, contributing nearly half of the profits.

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