Editors' Choice

Anxious For Your Tesla Model 3? You’re Not Alone

Shelby Chau / July 26, 2017

Yes, the newest Tesla’s have finally been assembled in Fremont and now thousands and thousands of people are anxiously waiting to get their hands on the Model 3. This “electric car for the masses” is going to get its first taste of public opinion starting on Friday.

 

Elon Musk, Tesla CEO, will be on hand to have the company’s first thirty Model 3’s delivered to the owners who put down $1,000 deposits for the entry-level electric vehicle. And while it may not seem like a lot, Tesla hasn’t really been showering its customer with information regarding specs nor production schedules.

 

One of the reasons people raced out of the gates to get a Model 3 is the $7,500 tax credit offered by the federal government. It’s only available on the first 200,000 EV’s sold by an automaker so once that number is reached, the tax credit is as good as gone. It gets reduced by 50% for six months, then reduced again by 50% for six months, and then it’s finished. Even with Musk’s limited production information, the company may surpass that mark by mid-2018.

 

Last spring, Tesla updated the public on the deposit counts for the Model 3 – it was around 373,000 at the time. Depending on how fast Tesla can roll the Model 3s off the line, a lot of people may end up paying a lot more than they were planning to.

 

Featured image via tesla