Tesla orders eligible for full tax credit until Oct. 15

Roadshow | 10/12/2018 | Sean Keane
shankay (Posted by) Level 3
Click For Photo: https://cnet4.cbsistatic.com/img/ypwE-EEG63ALIOAujB5_-AhCMIY=/724x407/2017/04/04/5f428eb3-95b2-4555-9985-c570e55cde8a/tesla-2.jpg

If you're ordered a Tesla, do it this weekend.

Tesla on Thursday set its deadline for orders that'll net you a $7,500 federal tax credit.

Oct - Date - Order - Model - S

Oct. 15 is the date you'll have to order a Model S, Model X or Model 3 by to ensure delivery by the end of the year and take advantage of the credit.

The tax credit is available for the first 200,000 electric vehicles sold by an automaker as a cost reduction measure set up by a tax overhaul passed by the Republican Congress in 2017, Reuters noted. It'll then be reduced by 50 percent every six months until it phases out.

Tesla - Site - Visitors - Deadline

Tesla's site alerts visitors to the deadline.

Elon Musk's electric car company announced that it'd hit the 200,000 sales milestone back in July, and explained that the owners of vehicles delivered through Dec. 31, 2018 can claim the full $7,500 federal tax credit.

Monday - Order

Now we know that you have until Monday to make that order.

The credit will be reduced to...
(Excerpt) Read more at: Roadshow
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