By Charley Grant
Consumers who wanted to apply a full federal tax credit to buying a $35,000 Tesla Model 3 sedan appear to be out of luck.
The electric-car maker said on its website that orders placed by Monday will be delivered by the end of 2018 and therefore are eligible for the full $7,500 federal tax credit. Under rules set by the Internal Revenue Service, they will only get a credit half as large starting next year because Tesla has sold more than 200,000 vehicles in the U.S. Eventually the credit will disappear altogether.
But Tesla, which first announced it would sell a $35,000 car and take refundable customer deposits in March 2016, is still only selling pricier versions of the car at $49,000 and up.
It is unclear how many deposit holders are still waiting for their cheaper car. Tesla didn't respond to a request for comment, but the number is likely substantial: Tesla had only delivered about 84,000 Model 3s as of September; over the summer Tesla said its reservation count stood at "roughly 420,000."
Tesla says on its website that the standard battery version of the car will be available in three to six months. On the bright side, that delay gives prospective buyers more time to save up.
Write to Charley Grant at firstname.lastname@example.org