DETROIT (AP)
On 2016, Keith Reynolds flew from California to Atlanta so he could line up at 4 in the morning. m.
And get a three-
His rivals on the West Coast have been an hour ahead of schedule.
Tesla's new electric vehicle Model 3 starts at $1,000 with a deposit of $35,000.
Reynolds has to have one.
He managed to top the waiting list.
In more than two years,
Publicity of production delays
Reynolds is still waiting.
Now, like everyone else in AmericaS.
On the waiting list of about 420,000 people around the world, he is concerned that the $7,500 federal tax credit that is coming to an end will prevent him from paying for the car.
"The tax credit will be huge," says Reynolds, 45, who works in the digital advertising industry and lives in Laguna Hills, California, driving a 9-year-
The old Audi A3 compact sedan.
Last week, Tesla sold 200,000 vehicles since the beginning of 2010, and federal law called for a gradual cancellation of credit for rechargeable electric vehicles.
By the end of this year, Tesla buyers will continue to receive full credit.
Then fell to $3,750 in six months, before the end of December, and to $1,875 in six months. 31, 2019.
This means that buyers need to drive a new Tesla by the end of the year to get a $7,500 comprehensive tax cut, basically a 21% discount lower than the price tag of the basic model.
Dave Sullivan, product analysis manager at Autopaciinc, predicts that many Model 3 customers will get tired of waiting and exiting.
A consulting company for automobile research.
"By then, they may have been waiting for three years," he said . ".
Tesla will not comment on the possibility of buyer churn waiting on the list.
But if the buyer bail, it could jeopardize the company's future, the cost of sales and much needed cash flow at a critical moment in Tesla's 15 years --year history.
Tesla is using Model 3 to shift from a niche manufacturer of expensive electric cars for the rich to a Volkswagen-oriented carmaker.
CEO Elon Musk promised to make a profit in the second half of this year, but Tesla lost money in all but two quarters for eight years as a listed company.
In the first three months of this year, it added Model 3 production at a factory in Fremont, California, and burned $1 billion.
The company has $2.
7 billion cash at the end of the parade.
Moody's Investor Service sounded the alarm, downgraded Tesla's debt to junk, and warned that the company would not have paid $3 in cash.
Normal operations, capital expenditures and debt due early next year are 7 billion.
Tesla said that the sale of Model 3 will bring cash and drive profits.
Musk began sleeping at the factory, trying to solve automation and other problems, with production for most of the year reaching about half of his target of 5,000 Model 3 per week set last summer.
The company built a heavy
Add space to make more duty tents for Model 3 cars and say it will reach 5,000 tops per week by the end of June.
Like many who are still on the waiting list, Reynolds wants to order a Model 3 that costs nearly $35,000.
The cheapest version is only black, and the price of other colors is at least $1,000.
At present, Tesla only sells higher-priced versions
Range battery pack.
The last time Renault configured one on Tesla's website, the lowest price was $49,000, which exceeded his ability to withstand.
He wanted the car so badly that he would spend $40,000 as long as California and federal credit still cut the price to around $35,000.
He will stick until the end of this year.
On top of that, he said he might quit without federal credit, "If there was no penny for frugality-
Like me.
"Others on the waiting list interviewed by The Associated Press said they were worried about losing the tax credit.
Recently, several buyers and customers on the Tesla internet forum expressed similar concerns.
Most Tesla buyers who have already received a tax credit of about £ 120,000 are wealthy people who don't need to buy Tesla's more expensive Model S and Model X for more than $100,000, navigation Research analyst Sam Abuelsamid said.
He said the tax law should have income restrictions on eligibility.
"If you can afford a $140,000 Tesla, you really don't need an incentive," he said . ".
According to Edmunds, the only automaker that is about to lose the tax credit is GM, which has sold about 185,000 electric vehicles and should reach 200,000 at the beginning of next year.
Car pricing website. (
Edmunds provides content on a regular basis, including car tips and reviews, for distribution by the Associated Press. )
Kelly Blue Book analyst Rebecca in forest DeLand in April of 2016 a for Model 3 pay the can return of 1,000 dollar deposit because she believe Musk will car emissions reduced to zero of movement.
She canceled the order three months ago, partly because of the delay, and partly because she wanted a hatchback now.
Lin also wanted to know if she would get the car.
"I have been on the list for two years," she said . ". "I need all-wheel-
I have to wait another year to drive.
"She believes Tesla cannot continue to produce 5,000 cars a week, she is skeptical about the quality of the car and is concerned that Tesla may not have the money to serve the car.
Christian kingre in Seattle
Area web developer was one of the first companies to order Model 3 in 2016.
He wants a loaded version with everything. wheel-
Drive for rainy weather, but feel uneasy about the prospect of losing the federal and Washington state tax credits.
He compromised and ordered the rear
The drive version of April.
But his delivery date was delayed, which cost him credit Washington, which he said was worth $3,000 before credit 5 expired. When all-wheel-
He transferred the order to September.
Although Jin Rui is upset, he still wants the car.
"Tesla is doing what other automakers are not doing, as other automakers are not doing," he said . ".
Like Reynolds and linderland, he knows the impressive 310-
A mile of battery range and future interior with all controls on the touch screen.
He just needs to wait a little longer to drive.
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