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Tesla Maxes Out on Tax Credit as U.S. Sales Reach 200,000
Tesla Inc. says it will deliver its 200,000th electric vehicle in the U.S. this month, thereby triggering a phase-out of the $7,500 federal tax credit its vehicles have enjoyed.
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Tesla Inc. says it will deliver its 200,000th electric vehicle in the U.S. this month, thereby triggering a phase-out of the $7,500 federal tax credit its vehicles have enjoyed.
The tax break will continue through December, then drop by 50% next July 1. The incentive will shrink by another 50% at the end of 2019 before disappearing entirely in mid-2020.
Separately, Tesla says shoppers interested in buying one of its Model 3 sedans can simply pay $2,500 to order one. For the past two years, would-be customers had to submit a $1,000 deposit to make a reservation, then $2,500 to confirm an order after the company allowed them to proceed.
Tesla touts the Model 3 as a $35,000 car, but the cheapest version it offers at the moment retails for $49,000.
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