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Tesla acquires trucking firms to deliver Model 3 on time: Musk
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IANS | 16 Nov, 2018
Tesla has acquired trucking companies to ensure early delivery of Model 3
and help buyers get tax credits by the end of the year, the electric
car company's CEO Elon Musk said in a tweet on Friday.
Tesla had,
originally, suggested that buyers who wanted to take advantage of the
full $7,500 EV federal tax incentive would need to order their vehicles
by October 15.
However, Tesla has reopened that window and extended it a fair bit.
"Tesla
just acquired trucking capacity to ensure Model 3 can be delivered in
US by December 31 if ordered by November 30," Musk tweeted.
He
explained that the automaker had "bought some trucking companies" and
"secured contracts with major haulers" to avoid future logistical
complications that have plagued Tesla as Model 3 deliveries rise
dramatically.
That amounts to an extra six weeks of ordering
time to take advantage of the $7,500 EV tax incentive before the
phase-out begins for deliveries starting on January 1, CNET reported
late on Thursday.
Buyers getting new Tesla delivery on or before December 31, will be eligible for the full $7,500 federal tax incentive.
For
deliveries between January 1 and June 30, 2019, the incentive will be
halved to $3,750, and it will further be halved for another six months
before disappearing entirely.
Those waiting for the fabled
$35,000 Model 3 will miss the full incentive, as the vehicle is on
target for the first half of 2019, the report said.
While Tesla
declined request for additional information, including the names of the
acquired companies and those with which Tesla has secured contracts,
Musk said that they are going to ship east with the trucks instead of
trains, which is shortening the transit times by weeks.
"Skipping
rail saves over a month for East Coast deliveries. All things
considered, it's better to use trucks. Single load or unload and direct
to owner location," Musk wrote.
Musk, who was the Chairman of Tesla for three years, stepped down earlier in September.
He
paid a $20 million fine in a deal with the stock market regulatory
authority, Securities and Exchange Commission (SEC) to resolve
securities fraud charges.
Robyn Denholm from Telstra has been
appointed as the Chairwoman of the Tesla Board. Musk, however, remains
as Tesla's chief executive and the biggest investor.
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