Consumers who wanted to apply a full federal tax credit to buying a $35,000 Tesla Model 3 sedan appear to be out of luck.
The electric-car maker said on its website that orders placed by Monday will be delivered by the end of 2018 and therefore are eligible for the full $7,500 federal tax credit. Under rules set by the Internal Revenue Service, they will only get a credit half as large starting next year because Tesla has sold more than 200,000 vehicles in the U.S. Eventually the credit will disappear altogether.
But Tesla, which first announced it would sell a $35,000 car and take refundable customer deposits in March 2016, is still only selling pricier versions of the car at $49,000 and up.
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