Tesla just acquired trucking capacity to ensure Model 3 can be delivered in US by Dec 31 if ordered by Nov 30 https://t.co/npmPuSXNWC
— Elon Musk (@elonmusk) November 15, 2018
Yes, the rumors are true. Elon Musk confirmed via Twitter that Tesla did indeed acquire a trucking company. The sole purpose? At least for now, it’s to get as many EV’s delivered before the end of the year. He later elaborated via Twitter that “We bought some trucking companies & secured contracts with major haulers to avoid trucking shortage mistake of last quarter.”
Tesla’s accommodating customers who want to take advantage of the $7,500 federal tax credit while simultaneously driving investors crazy after Tesla just announced they became profitable. Earlier this year, Tesla delivered its 200,000th electric vehicle. The achievement activated a countdown for the $7,500 federal tax credit offered to consumers who buy new electric vehicles. Under these rules, Tesla customers must take delivery of their new Model S, Model X or Model 3 by December 31 to get the full credit.
“Take delivery” is the key term here. A failure to meet the delivery timeline could create a backlash among customers who make those last-minute purchases in hopes of securing the federal tax credit.
While not confirmed, sources within the trucking industry speculated that Tesla likely purchased one or more smaller trucking companies, particularly ones that the company has done business with before.