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Tesla Acquires Trucking Firms To Ensure Early Delivery of Model 3: Elon Musk

Musk, who was the Chairman of Tesla for three years, stepped down earlier in September

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Tesla acquires trucking firms to deliver Model 3 on time: Musk. Pixabay
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Tesla has acquired trucking companies to ensure early delivery of Model 3 and help buyers get tax credits by the end of the year, the electric car company’s CEO Elon Musk said in a tweet on Friday.

Tesla had, originally, suggested that buyers who wanted to take advantage of the full $7,500 EV federal tax incentive would need to order their vehicles by October 15.

However, Tesla has reopened that window and extended it a fair bit.

“Tesla just acquired trucking capacity to ensure Model 3 can be delivered in US by December 31 if ordered by November 30,” Musk tweeted.

He explained that the automaker had “bought some trucking companies” and “secured contracts with major haulers” to avoid future logistical complications that have plagued Tesla as Model 3 deliveries rise dramatically.

That amounts to an extra six weeks of ordering time to take advantage of the $7,500 EV tax incentive before the phase-out begins for deliveries starting on January 1, CNET reported late on Thursday.

Buyers getting new Tesla delivery on or before December 31, will be eligible for the full $7,500 federal tax incentive.

Elon Musk, tesla
Tesla CEO, Elon Musk. (Wikimedia Commons)

For deliveries between January 1 and June 30, 2019, the incentive will be halved to $3,750, and it will further be halved for another six months before disappearing entirely.

Those waiting for the fabled $35,000 Model 3 will miss the full incentive, as the vehicle is on target for the first half of 2019, the report said.

While Tesla declined request for additional information, including the names of the acquired companies and those with which Tesla has secured contracts, Musk said that they are going to ship east with the trucks instead of trains, which is shortening the transit times by weeks.

“Skipping rail saves over a month for East Coast deliveries. All things considered, it’s better to use trucks. Single load or unload and direct to owner location,” Musk wrote.

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Musk, who was the Chairman of Tesla for three years, stepped down earlier in September.

He paid a $20 million fine in a deal with the stock market regulatory authority, Securities and Exchange Commission (SEC) to resolve securities fraud charges.

Robyn Denholm from Telstra has been appointed as the Chairwoman of the Tesla Board. Musk, however, remains as Tesla’s chief executive and the biggest investor. (IANS)

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Elon Musk Hints at Boring Company’s First Tunnel launch

"Electric skates will carry between 8 and 16 passengers, or a single passenger vehicle," according to the Electrek

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Musk hints at Boring Company's first tunnel launch in US. (VOA)

Billionaire Elon Musk on Saturday tweeted a photograph with “The Boring Company” and “December 18” on it, indicating that his infrastructure and tunnel construction firm is set to launch its first tunnel under Los Angeles in the US.

Boring Company was earlier slated to launch the tunnel on December 10 and postponed it.

The company reportedly said they would offer the first public test ride with the electric transport system inside the tunnel.

Earlier in October, Musk had announced that the Boring Company was “almost done” with its maiden test tunnel and they would open the project to the public around December 10.

Elon Musk, tesla
Tesla CEO, Elon Musk. (Wikimedia Commons)

According to Elon Musk, the company is building a watchtower at the exit of the tunnel with bricks made from dirt dug out of the tunnel.

In Chicago, the company will reportedly build a “Loop” which they described on their website as: “Loop is a high-speed underground public transportation system in which passengers are transported on autonomous electric skates travelling at 125-150 miles per hour.”

Also Read- Rocket Lab is Set To Launch 10 NASA CubeSats

“Electric skates will carry between 8 and 16 passengers, or a single passenger vehicle,” according to the Electrek.

In order to implement this system, the company will have to dig the tunnels and deploy the infrastructure to move those “autonomous electric skates” inside the tunnels. (IANS)