Tesla has over 3,000 Model 3s left in US inventory

Musk tweeted a list of Tesla stores open until midnight

Reuters January 01, 2019
A Tesla dealership is seen in West Drayton, just outside London, Britain, February 7, 2018. PHOTO: REUTERS

Tesla had over 3,000 Model 3s left in inventory in the United States as of Sunday, automotive news website Electrek reported on Monday, citing people familiar with the matter.

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The electric-car maker has been urging buyers to make use of the federal tax credit, with Chief Executive Officer Elon Musk reminding them on Twitter on Saturday that the benefit would drop to half beginning 2019.

On Monday, Musk tweeted a list of Tesla stores open until midnight.

The report, citing sources, said while the automaker is expected to deliver some vehicles on the last day of the year, it is not possible for Tesla to go through the whole inventory.

Shares of the company, which produced 5,300 Model 3s in the last week of its third quarter ended September 30, were down nearly 2 per cent in late-afternoon trading.

Tesla did not respond to a request for comment on the report.

The company had earlier said it was “doing everything” to ensure those who ordered a vehicle as late as December 20 could take deliveries by December 31 and Musk has promised to reimburse customers if delivery delays cause them to miss out on a significant tax credit.

Tesla under US criminal probe for Model 3 comments

Earlier this year, Tesla said orders placed by October 15 would be eligible for the full tax credit of $7,500 and that customers would receive their cars by the end of the year.


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