Tesla has been making arrangements recently to deliver a record number of their Model 3 electric cars. In addition to making a hefty profit from these sales, Tesla is trying to get all of the cars out on time so customers can take advantage of a federal tax credit. The tax credit applies to all owners of Tesla vehicles, but is planned to be phased out in 2019.
According to Reuters, info from an anonymous source allegedly familiar with the matter reported that Tesla was still maintaining a stock of over 3,000 Model 3 cars as of Sunday. Due to a lack of retail operations, Tesla’s stock has built up faster than orders have come in, and the company is having some difficulties liquidating all of it. Both Tesla proper and Elon Musk have been promoting Tesla’s promise to deliver all vehicles by the end of the year, but it does not currently seem that they were able to keep that promise (or they simply didn’t get enough orders). Tesla has allegedly even encouraged some of its own employees to buy up the leftover stock.
Musk tweeted on Sunday that the tax credit would lose half of its value on Tuesday (today), so if any customers did not receive their cars, then Tesla is likely due for some complaints.
