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Tesla hopes truck will solve tax credit demise and stock slump

Tesla was forced to reveal that it was pushing back its Model 3 production targets by 3 months, into March 2018 – taking the sheen off of its 500-mile range electric truck unveiling. The new timetable will mean fewer Model 3 customers are able to take advantage of the $7,500 federal tax credit granted to Tesla on the sale of its first 200,000 thousand vehicles – significantly raising the price of the troubled car. Tesla looks like it will hit the threshold in the first half of 2018, driven mainly by Model S & X sales (which it produced a combined total figure of 2,180 units a week throughout the previous quarter). To date, the company has sold some 132,303…

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