Buy Tesla Stock on the Dip, Analyst Says

Tesla names Larry Ellison to board

Tesla names Larry Ellison to board

Buyers who lease a Tesla rather than buy it outright don't qualify for the tax credit themselves. "A lot of people getting the Model 3 are buying an electric auto for the first time, and they have a lot of questions about charging that we're happy to answer". Tesla is moving Model 3 production to Europe in January, probably knowing the tax credit phase-out would curtail sales of the current model.

Ellison, founder and major shareholder of the software group Oracle, has bought in this year, three million Tesla shares. "For those who have already ordered as part of the FSD program, Tesla will honor the discount".

Individuals purchasing an electric vehicle may still take advantage of any state incentives, such as California's $2,500 tax credit. Tesla and Elon Musk have been promoting the Model 3 non-stop the last few weeks with Musk tweeting again on Saturday: According to the New York Times, last week, Musk even promised to to reimburse customers if delivery problems caused them to get a tax credit of $3,750 instead of $7,500.

If Tesla were to pay the $3,750 difference between credit amounts on 3,000 cars, it would cost the company more than $11 million.

Syria to be readmitted to Arab League
Warming up to Assad is seen by some regional powers as a way of luring Syria away from the exclusive regional influence of Iran. Other Persian Gulf Arab states are expected to shift their positions and normalize ties with Assad's government.

Tesla's legal department also has been going through shakeups since Mr Musk's run-in with the SEC. As a pioneer in the electric vehicle space, Musk claims his company is at a disadvantage as global automakers including Volkswagen, Audi and Jaguar release their first fully-electric models, giving Tesla some serious competition for the first time in its brief history.

Wall Street analysts and investors cheered the news, with Tesla shares rising as much as 3.5 per cent to $327.18 Friday in NY.

It's possible that buyers will actually take delivery of their new purchases tonight, it seems unlikely that Tesla will blow through the entire inventory of 3,000 vehicles, the website noted.

On Sunday, auto blog Electrek reported that there were more than 3,300 Model 3 vehicles sitting in Tesla's USA inventory, according to an unnamed source familiar with the matter.

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