Tesla Chief Executive Officer Elon Musk said on Thursday that Model 3s ordered in the United States by the end of this month Will Probably be delivered by December 31, as the electric carmaker tries to take advantage of tax breaks.
“Tesla only acquired trucking capacity to guarantee Model 3 can be delivered in US by Dec 31 if arranged by Nov 30,” Musk tweeted.
“Skipping railroad saves over per month for East Coast deliveries. After all, it is far better to use trucks. Single load/unload & guide to owner place.”
Tesla did not immediately respond to a request for additional information about the acquisition.
“I think it’s a fantastic move. We are in need of a bit more detail to know what type of ability this brings, but having those trucks on the road will help with order momentum,” Roth Capital Partners analyst Craig Irwin explained.
Tesla had earlier said that orders placed by October 15 will be sent by the end of the year.
The credits are available for six months following an automaker hits 200,000 delivery mark, which Tesla hit in July. The incentives then reduce by 50 percent every six months until it ends up.
Tesla has guaranteed a profit for its fourth quarter. The company said that it booked $189.5 million in automotive regulatory credits in its next quarter, which contributed to almost half of the gain.