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m3n4.net August 17, 2018


Tesla customers could lose thousands in tax credits next year

16 July 2018, 12:34 | Vera Richards

Tesla loses US subsidies as it hits 200,000 sales mark

Tesla's US Tax Credit Set To Come To An End | OilPrice.com

Tripp also now claims the company overreported Model 3 production by up to 44%, according to the Post.

Both GM and Tesla have been lobbying Congress since previous year, hoping to win changes to tax law that would allow them to continue to collect the tax credit, but they have been unsuccessful to date.

Until about a month ago, Tripp worked at the Tesla Gigafactory battery plant in Reno, Nevada, but he was sacked and subsequently accused by the automaker of committing sabotage in a lawsuit Tesla filed in federal court.

Tesla has struggled to ramp up production for the Model 3, which it launched in July of past year. (TSLA) finally met its production goal for 5,000 Model 3's per week in the last week of the June quarter after a series of production setbacks and missed targets.

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Tesla has yet to deliver on the promise of affordable, mass-market electric vehicles. Employees, both current and former, described the Tesla factory one with a culture of employee exhaustion and burnout.

Tripp is turning to an attorney with a successful whistleblower track record. That doesn't come as a complete surprise to some observers. Tesla CEO Elon Musk speaks during an event to launch the new Tesla Model X Crossover SUV on September 29, 2015 in Fremont, California. Tesla, though, will be able to operate independently thanks to a thaw in Bejing's stance on foreign automobile industry investment.

Besides the import tariffs and the shipping costs Tesla effectively sidesteps by breaking ground in China, the EV maker also stands to save money in terms of sourcing, as many raw materials needed to build a Tesla, such as rare earth metals, are mined and processed for manufacture in China.

A former Tesla Inc (NASDAQ:TSLA) employee alleges there are serious problems afoot with his former employer. This was followed by an encouraging trend displayed by Bloomberg's Model 3 production tracker, which now forecasts that Tesla would be able to sustain its "burst" production rate of 5,000 vehicles per week for the next three weeks. Tripp says it didn't happen.

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It is unclear who those entities are. Tesla, deny all charges. That gave it about 3 per cent of the nation's battery-powered electric-vehicle market, placing it as the No 10 brand in that segment.

For his part, Tripp said in a new statement that "Getting the truth out has become a nightmare".

It's not the first time Tesla has been accused of taking steps to challenge critics.

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