Tesla Reportedly Moving 1,000 Tesla Per Day Ahead of Tax Credit Reduction

Tesla Reportedly Moving 1,000 Tesla Per Day Ahead of Tax Credit Reduction

Tesla CEO Elon Musk recently broke to twitter to remind prospective Tesla buyers that the $3,750 US tax credit is going to be reduced again on July first. Ahead of this price drop, Tesla is reportedly moving 1,000 vehicles a day in North America alone.

The report is likely intended to be used to please shareholders as Tesla has been off to a rough start this year in the market. However, it is encouraging to see Tesla putting up these bullish delivery numbers as supply has long been a bottle neck for Tesla since the introduction of the Model 3.

What will perhaps be the more important indicator for the health of Tesla as a company is what happens to deliveries / orders after July first. If this uptick in production is tied to the tax incentive alone then that is certainly a worse sign than if this is unrelated, natural growth in the market. Only time will tell at this point so stay tuned over the next couple of weeks.

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