Tesla’s CEO Just Promised Something Great to Some Customers

One big incentive for buying an electric vehicle is the tax credit you can get that helps you save money. Surely many Tesla drivers have opted to take the plunge and shell out money for one because of how much they can potentially save.

It was at the end of 2017 that the U.S. Congress passed a tax overhaul that included tax credits that lower the cost of electric vehicles. Credits are available for the first 200,000 such vehicles that are sold by an automaker and after this the tax credit is reduced by 50% every six months until it phases out.

Tesla customers were promised the full tax credit of $7,500 if they placed an order before October 15th. The tax credit will now be cut in half and become $3,750 on January 1st.

Due to delays of vehicle deliveries, many customers took to social media to complain and Tesla’s CEO Elon Musk responded on Twitter with, “If Tesla committed delivery & customer made good faith efforts to receive before year end, Tesla will cover the tax credit difference.”

The Chief Executive also assured that Tesla should have all orders for the mid-range Model 3 delivered by the end of the year.

Disclaimer: We have no position in Tesla Inc. (NASDAQ: TSLA) and have not been compensated for this article.