Tesla to cover missed tax credits for any delayed deliveries

Elon Musk said Tesla will cover the difference in federal tax credits due for any vehicles which miss their end of 2018 delivery dates.

Musk, responding a tweet, said: “If Tesla committed delivery & customer made good faith efforts to receive before year end, Tesla will cover the tax credit difference.”

With Tesla exceeding the 200,000 car cap placed on the full US$7,500 tax credit, only cars delivered by the end of 2018 will gain the full federal credit.

Cars delivered between January 1 and the end of June are only due the reduced US$3,750 credit, while cars delivered between July and the end of 2019 only get US$1,875.