FILE PHOTO: A row of new Tesla Model 3 electric vehicles is seen on a parking lot in Richmond, California, USA June 22, 2018. Photo taken on 22 June 2018. REUTERS/Stephen Lam
(Reuters) – Tesla, Inc had more than 3,000 Model 3s left in your inventory in the United States from Sunday, automotive news website Electrek reported on Monday, citing people familiar with the matter.
The electric car manufacturer has been urging buyers to use the federal tax credit, with Chief Executive Officer Elon Musk, reminding them on Twitter here on Saturday that the benefit would drop to the half of the beginning of 2019.
The report bit.ly/2R5Ii1G, citing sources, said during the carmaker expected a number of vehicles on the last day of the year, it is not possible for Tesla to go through the whole inventory.
The shares of the company fell almost 2 percent after the report. Tesla was not immediately available for comment.
Tesla had previously said it was “doing everything” to ensure those who ordered a vehicle as late as Dec. 20 could take delivery by Dec. 31, with Musk promising to reimburse customers if the delivery delays cause them to miss an important tax credit.
Earlier this year, Tesla said orders placed by Jan. 15 to be eligible for the full tax credit of $7,500 and that the customers would receive their cars at the end of the year.
Reporting by Sonam Rai in Bengaluru; Editing by Sriraj Kalluvila and Arun Koyyur