Date
15 December 2018
Tesla has acquired trucking capacity to ensure Model 3 can be delivered in the United States by the end of the year if ordered by Nov. 30, CEO Elon Musk said. Photo: Reuters
Tesla has acquired trucking capacity to ensure Model 3 can be delivered in the United States by the end of the year if ordered by Nov. 30, CEO Elon Musk said. Photo: Reuters

Tesla vows to deliver new Model 3 orders by year-end

Tesla Inc. chief executive Elon Musk said Model 3s ordered in the United States by the end of this month will be delivered by Dec. 31, Reuters reports.

“Tesla just acquired trucking capacity to ensure Model 3 can be delivered in US by Dec. 31 if ordered by Nov. 30,” Musk tweeted.

“Skipping rail saves over a month for East Coast deliveries. All things considered, it’s better to use trucks. Single load/unload & direct to owner location.”

Tesla did not immediately respond to a request for more details about the acquisition.

“I think it’s a good move. We need a little more detail to know what kind of capacity this brings, but having those trucks on the road will help with order momentum,” Roth Capital Partners analyst Craig Irwin said.

Tesla had earlier said that orders placed by Oct. 15 will be delivered by the end of the year.

The electric carmaker has until the end of the year to hand out tax credits of US$7,500 to customers.

The credits are available for six months after an automaker hits 200,000 delivery mark, which Tesla hit in July. The incentives then reduce by 50 percent every six months until it phases out.

Tesla has promised a profit for its fourth quarter. The company said it booked US$189.5 million in automotive regulatory credits in its third quarter, which contributed to nearly half of the profit.

Other developments:

- Tesla has cut prices on its residential solar systems by as much as 25 percent in a bid to lift lagging sales after the company streamlined its sales and marketing organization, a company official said.

Effective on Thursday, price quotes for potential solar customers will be between US$3,000 and US$5,000 lower, representing savings of about 15 to 25 percent, according to Sanjay Shah, the company’s senior vice president of energy operations.

The US Federal Communications Commission voted unanimously to allow Musk’s Tesla Space X, Telesat Canada and two other companies to roll out new satellite-based broadband services.

The FCC voted to grant “market access” requests to Telesat, Kepler Communications Inc. and LeoSat MA Inc. to offer high-speed internet service and connectivity for sensors and other intelligence devices.

SpaceX previously won approval to deploy 4,425 satellites, but won approval Thursday to operate some of those at lower altitudes.

– Contact us at [email protected]

CG

EJI Weekly Newsletter

Please click here to unsubscribe