Tesla’s full tax credit until October 15 in orders of Model S, Model X or Model 3 electric vehicle

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A new deadline as posted by Tesla on its website could spark a flurry of sales. Tesla confirmed hitting the federal tax credit threshold. It means that buyers can still get the full $7,500 credit if they place orders by Oct. 15 with their deliveries done by the end of the year.

After that, Tesla buyers will get $3,750 for the first half of 2019 and $1,875 in the second half of 2019 before it is completely unavailable to them. The tax credit begins to recede once a manufacturer has sold 200,000 qualifying vehicles in the U.S. Under these rules, Tesla customers have to take delivery of their new Model S, Model X or Model 3 by December 31.

It was unclear until Thursday when Tesla would impose a deadline for customers to order their electric vehicle. But in the meantime, the delivery timing is important when buying a new Tesla.

It is supposed that the new deadline would leap sales giving Tesla an added boost to close out 2018. But this deadline duly comes with an added responsibility to meet that deadline themselves.

Earlier it has already hit a milestone achievement in delivering the 200,000th electric vehicle. This added responsibility is seemed to be heavily taken care of by the company.

Via: Reuters

Tesla’s full tax credit until October 15 in orders of Model S, Model X or Model 3 electric vehicle