Tesla hits 200,000 cars, meaning a lower tax credit for EV buyers

Tesla's US Tax Credit Set To Come To An End | OilPrice.com

Workers at Tesla's Fremont Factory were reportedly given free Red Bull to stay awake and instructed to walk through a raw sewage spill so that Model 3 production could continue, according to Bloomberg Businessweek.

One of Tesla's most influential shareholders is giving Elon Musk an earful about the turmoil surrounding him and the electric-car maker in recent weeks.

Tesla is the first USA carmaker to trigger the reduced federal tax credit for electric vehicles, a phaseout triggered by it sales of 200,000 vehicles in the U.S. "Incredibly impressed with Tesla China team & potential for the future", Musk further tweeted.

It is unclear if the phase-out will affect sales of the entry-level Model 3, which carries a $35,000 price tag but is not likely to begin rolling off the production line until next year.

All of which is very nice, but we know what you're thinking: "show us the jianbing photo".

Any sharing of technology by Tesla with a Chinese partner is a matter that's "subject to negotiation", Huang Ou, deputy head of the Shanghai government's economy and information technology commission, said on Wednesday at an event in the city.




Tesla's vehicle purchase incentives web page on Thursday morning reported that the wind-down of incentives for buyers of its cars has begun. Yeah, I've been sleeping on the factory floor, not because I think that's a fun place to sleep.

And its announcement said nothing about how it will pay for the venture.

Tesla said they are looking forward to working and building more cars for their Chinese customers.

China already is the world's biggest electric auto market and is expected to grow further due in part to favourable government policies for the environmentally friendly vehicles. Owners will be able to claim the full $7,500 federal tax credit for vehicles delivered through December 31, 2018. Musk said at the time the job cuts would not affect an ambitious build-out program of its Model 3 sedan that has been closely monitored by Wall Street.

"If foreign automakers develop and build electric vehicles in the country, its domestic industry has the chance to absorb new, advanced technologies, helping China transform from a mere market into an automaking heavyweight", a report added.

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