Finance

Elon Musk states Tesla to pay customers for missed tax credits

Elon Musk states Tesla to pay customers for missed tax credits
Elon Musk states Tesla to pay customers for missed tax credits

Tesla Inc. also was known as TSLA.O which is head by chief executing officer Elon Musk announced that the electric car company will reimburse all its customers if there is a delay in the car deliveries and they miss out on a significant amount of the tax credit.

Under the tax overhaul which was passed last year by the Republican-controlled United States that all the tax credits will be lower on the cost of all the electronic vehicles which are basically available for the first 200,000 vehicles and is sold by any company.

The tax credit is expected to fade out by 50 percent every six months until the whole idea phases out. According to an announcement of Tesla, all the car orders which are placed before the 15th of October would be eligible for a cash refund of $7,500 and it was also announced that all the customers will get their car delivered by the end of 2018.

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Tesla was unable to live up to its promise and all the cars were not ready before the end of the year. From the 1st of January, the tax refunds will go down to $3,750 and Tesla has come out and announced that they will make sure that the customers get a full refund of $7,500 even when the tax refunds are decreased from the new year.

Only a few days are left for the next year to come and a lot of customers are complaining that they did not receive their car till now and they will not be able to enjoy the tax benefits. A lot of people are also complaining about their social media page that they had not expected such service from Tesla Motors.

Elon Musk has come out and announced that all the customers who have ordered their car before 15th October will get their tax benefits from the company and they will be able to enjoy the benefit even if the car is delivered to them in 2019.

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This announcement from Tesla has made a lot of customers very happy because Tesla has really thought about their customers now. According to Elon Musk, Tesla is working really hard to make sure that the cars are delivered to the customers on time. Elon Musk also twitted that Tesla will be happy to cover the tax credit difference on cars ordered before 15th October.

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