Automobile

Tesla Model 3: Not Everyone Would Benefit

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The Tesla Model 3 is marketed as the cheapest EV model you will get from Tesla and while that is true, you probably won’t be able to get one that is below $30k. When Tesla first announces the Model 3, it was hinted that buyers will be able to get it for $30k and below. Even though the car will come with a $35k price tag, the $7,500 federal tax credit should help bring it below the $30k.

However, with Tesla taking their own sweet time wth the Tesla Model 3, most of the owners will not be eligible for the $7,500 federal tax credit anymore. It is believed that by the time the Tesla Model 3 starts arriving, the 200,000 total vehicle cap would have been reached.

Since last December, Tesla has already sold about 111,753 units of their EV models including the Model X and Model S which means there are only 88,247 spots left. It is believed that Tesla will be selling more of their Model S and Model X this year before the Model 3 arrive at the end of the year. At this rate, those getting the Tesla Model 3 next year can forget about getting the Model 3 at $30k and below.