Despite the auto maker's best efforts to push customers to buy out its inventory, Tesla enters the new year with several thousand vehicles still on hand, and the changing tax environment is not going to help.
Tesla said in its statement announcing Mr Ellison would be joining the board that he had purchased 3 million shares of the electric-car maker earlier this year.
The report https://bit.ly/2R5Ii1G, citing sources, said while the automaker is expected to deliver some vehicles on the last day of the year, it is not possible for Tesla to go through the whole inventory.
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The move is part of a settlement the electric vehicle company reached with the regulator in September following CEO Elon Musk's tweets about having "funding secured" for taking the company private. "We believe this is natural to meet a one-time event", he writes, and moreover, the number of Model 3s isn't terribly high, representing less than one week of production. According to emails published by Electrek, the company's been offering free Enhanced Autopilot and the full Self-Driving packages: a $13,000 discount. There were plenty of other diversions in between, but perhaps most importantly, Tesla turned a surprise profit in its most recent quarter, reported in October.
"Important point I forgot to mention is that, since we still only have premium interior available for Model 3, the $5,000 premium interior cost will be waived for this program". Later, Musk rowed back to Tesla to stay in the stock market. Tesla hit the 200,000 mark in orders earlier this year. For the public, Tesla's been pushing the idea of getting an EV before the end of the year for a few months now.
The company had earlier said it was "doing everything" to ensure those who ordered a vehicle as late as December 20 could take deliveries by December 31 and Musk has promised to reimburse customers if delivery delays cause them to miss out on a significant tax credit. Additionally, Musk promised to reimburse customers if delivery delays cause them to miss out the full $7,500 tax credit.