Tesla to deliver new Model 3 orders by end of this year

Tesla Model Images

Tesla Inc CEO Elon Musk stated on Thursday that Model 3s ordered in the United States by the end of this month are going to be delivered by December 31, as the electric automaker attempts to take advantage of tax breaks.

“Tesla just acquired trucking capacity to ensure Model 3 can be delivered in U.S. by Dec 31 if ordered by Nov 30,” Musk tweeted.

“Skipping rail saves over a month for East Coast deliveries. All things considered, it’s better to use trucks. Single load/unload & direct to owner location.”

Tesla did not immediately answered to a request for more information about the acquisition.

“I think it’s a good move. We need a little more detail to know what type of capacity this brings, but having those trucks on the road will help with order momentum,” Roth Capital Partners analyst Craig Irwin stated.

Tesla had previously stated that orders placed by October 15 will be delivered by the end of this year.

The electric automaker has until the end of the year to hand out tax credits of $7,500 to consumers.

The credits are available for six months after an automaker hits 200,000 delivery target, which Tesla hit in July. The incentives then decrease by 50 percent every six months until it phases out.

Tesla has promised a profit for its fourth quarter. The company stated it booked $189.5 million in automotive regulatory credits in its third quarter, which contributed to almost half of the profit.

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