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article imageTesla still has over 3,000 Model 3's left in inventory in the US

By Karen Graham     Dec 31, 2018 in Business
Tesla Inc had over 3,000 Model 3 vehicles left in inventory in the United States as of Sunday, automotive news website Electrek reported on Monday, citing people familiar with the matter.
According to Electrek.com, the electric car company has been trying to put everything in place to deliver a record number of Model 3's to buyers in the United States in order to help people take advantage of the federal tax credit.
The federal tax credit available to Tesla buyers will fall to $3,750 for cars delivered on or after Jan. 1, then will be halved again on July 1 and go away completely in 2020. Tesla expected to phase out the more expensive Model 3 that starts at nearly $50,000, before incentives.
The automaker planned on liquidating every car in its US inventory by today but still managed to build some inventory. Tesla and Elon Musk have been promoting the Model 3 non-stop the last few weeks with Musk tweeting again on Saturday:
According to the New York Times, last week, Musk even promised to to reimburse customers if delivery problems caused them to get a tax credit of $3,750 instead of $7,500.
While still having a little over 3,000 Model 3's is really not that bad, it may be that Tesla is seeing peak demand in the U.S. for this particular configuration of the Model 3. Tesla is moving Model 3 production to Europe in January, probably knowing the tax credit phase-out would curtail sales of the current model.
So, Tesla will maybe be left with a small inventory — unless they can still get some buyers today.
More about Tesla, Tax credit, inventory, peak demand, elon musk
 
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