In a news release, Tesla said it would cut the price of its Model 3, Model X and Model S vehicles beginning Wednesday to partially cover the reduction of the federal tax credit for electric vehicles. The full $7,500 tax credit for Tesla customers was cut in half to $3,750 at the start of the new year. In total, Tesla produced 61,394 of its Model 3, 25,161 of its Model S and 14,050 of its Model X. FactSet, which compiled an average estimate from nine analysts, projected that Tesla would deliver 2,000 more vehicles than it did, including 1,750 more Model 3 vehicles. Tesla delivered 99,394 of its Model S and X vehicles in 2018, just shy of its 100,000 goal.

Source: Washington Post January 02, 2019 15:04 UTC