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Tesla opens Model 3 order book to all as tax credits begin to wind down

Fox News
Tesla opens Model 3 order book to all as tax credits begin to wind down

Tesla opened the taps on Model 3 sales this week by dropping the exclusive reservations list it established last year, allowing anyone in the U.S. to order one of the small sedans with a $2,500 deposit. The automaker has now sold a total of over 200,000 electric vehicles in the U.S., which means that that the $7,500 federal tax credit that its cars have been eligible for will begin to phase out on Jan. 1, 2019, when it drops to $3,750, followed by a further reduction to $1,875 on July 1 and its full elimination at the end of the year. Tesla CEO Elon Musk has promised to deliver an entry-level Model 3 with a range of 220 miles per charge and a starting price of $35,000 one day, but that configuration can’t be ordered yet and the Tesla website says it will be six to nine months before it will be available.