Tesla will reach 200,000 electric car shipments during the year

Tesla expects the company will reach 200,000 electric car shipments during the year, when consumers buy Tesla electric car can enjoy the federal tax credits will gradually reduce until it is completely canceled.

This is a major event, especially for those consumers who are still struggling with the cheaper version of Model 3, and many of them are counting on a substantial reduction in car costs with this substantial tax credit.

In a filing with the SEC on Friday, Tesla wrote: “Under the current rules, a $ 7,500 tax credit is payable in the United States for the purchase of a qualified electric vehicle with a battery capacity of at least 17 kWh But once we have delivered 200,000 qualified electric vehicles, the federal tax credit will start to decline from the next natural quarter, and we expect the total number of qualified electric vehicles we deliver to be about 2018 A time to reach 200,000. ”

It should be noted that, after Tesla delivered a total of 200,000 qualified electric vehicles, the tax credit discount was not immediately canceled but gradually reduced within a year. The first 6 months of tax credit will be reduced from The $ 7,500 dropped to $ 3,750 and then dropped further to $ 1,875 over the next six months, with a total elimination of one year later.

Given the higher price of Model S and Model X, I believe this change will not have a significant impact on the sales of these two models. But for the mass of consumers who are still struggling with the Model 3, this is annoying, especially since it is not yet clear when Tesla will meet its production targets.

Tesla is not the only manufacturer that delivers nearly 200,000 electric vehicles. GM spokesman Friday also announced that the company expects to reach 200,000 delivery conditions this year.

Including pure electric vehicles Chevrolet Bolt and hybrid Chevy Volt, GM has sold more than 160,000 electric vehicles.

General Motors spokesman Elizabeth Winter said: “Although the federal government incentives to attract buyers to buy electric cars is very important, but we provide customers with a convincing product, the price is also great Attractive. ”

The cancellation of tax credits will greatly increase consumers’ car costs and may also affect demand. Tesla sells only electric cars; for GM, hybrids make up less than 2% of its total U.S. car sales.

Tesla sold about 300,000 cars worldwide, but it did not reveal the exact sales in the U.S. market. Tesla started delivering Model 3 last year, its first mass-market model, starting at about $ 35,000. The company has received orders and deposits for 500,000 cars.

Buyers will not receive any tax benefits before they pick up, and Model 3 already has production bottlenecks. As a result, Tesla delivered only Model 1764 at the end of last year.

As a result, only a small percentage of buyers of Model 3 receive a full tax credit, and some may decide to return if the latter buyer can not enjoy a tax credit, although they have already paid a $ 1,000 deposit, but this is Can be returned

Because the waiting list is too long, anyone who has now ordered Model 3 may not be able to enjoy the full tax credit. Tesla website said those who ordered a higher price of the Model X or Model S may qualify for full tax credit, because these models have shorter waiting times, usually only 2 to 8 weeks.

In a filing with the Securities and Exchange Commission, Tesla also disclosed that the company added 7,500 employees last year, an increase of about 25%. The company now employs 37,500 people.

With the exception of Tesla and General Motors, other electric vehicle manufacturers such as Toyota, Nissan and Ford are still far from delivering 200,000 vehicles. Nissan Leaf, Nissan’s all-electric Nissan Leaf, for example, has seen sales of only 115,000 units in the United States since its launch in 2010.