Elon Musk's announcement came late in the year, but it is good news to buyers. "For those who have already ordered as part of the FSD program, Tesla will honor the discount". If you recall, Musk at the time explained that Tesla's overarching strategy was to take profits from pricier models (i.e the Roadster and the Model S) in order to bankroll an "even more affordable auto". However, the automaker clarified that it is possible to buy from established inventory and still get tax credit if the purchase is consummated by year's end.
Ellison, founder and major shareholder of the software group Oracle, has bought in this year, three million Tesla shares.
But Musk has continued to taunt the USA agency, most recently in an interview broadcast earlier this month with network news program "60 Minutes". Additionally, Musk promised to reimburse customers if delivery delays cause them to miss out the full $7,500 tax credit.
Deliveries beginning on January 1, will be eligible for a $3750 tax credit but deliveries starting July 1, of next year will see their credit reduced to just $1875.
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Mr Musk and Tesla reached the settlement with the SEC on September 29.
Nothing wrong for being a shill for your company and its products on social media, but it's becoming more clear as to why he was so motivated to try to drum of up sales for a company that supposedly has a lengthy waiting list for new Model 3 sedans. Post 200,000, the tax credit begins to decrease.
Tesla argued that it is now at a disadvantage going forward.
Tesla has more than 3,000 Model 3s left in inventory in the United States as of Sunday, according to website Electrek, which cited people familiar with the matter.
The report said Tesla is expected to deliver some of those vehicles on the last day of the year, but it quoted sources as saying that the USA car-maker would find it hard to go through the whole inventory.