Iron Man 2 reunion: Musk friend Larry Ellison named to Tesla board

Adjust Comment Print

A Tesla spokesperson said Ellison is independent from Musk and Tesla's board under Nasdaq requirements and that Ellison's investments align him with shareholders, as well as that the two have only had five in-person interactions over a number of years, all in a group setting, and do not socialize. "For those who have already ordered as part of the FSD program, Tesla will honor the discount". The tax credit will apply to cars delivered by New Year's Eve. However, the automaker clarified that it is possible to buy from established inventory and still get tax credit if the purchase is consummated by year's end.

But Musk has continued to taunt the United States agency, most recently in an interview broadcast earlier this month with network news program "60 Minutes".

Musk has promised to reimburse customers if delivery delays cause them to miss out on the full $7,500 tax credit.

And Musk said in a tweet earlier this month that if Tesla committed to December delivery and the customer made a "good faith effort" to receive it before year end, Tesla will cover the tax credit difference if the auto doesn't get there until next year.

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.

Kevin Spacey Won’t Be Allowed To Skip His Court Appearance
Kevin Spacey will reportedly plead not guilty in the sexual assault case wherein he is accused of groping an 18-year-old man in a MA bar.

In November, Tesla joined forces with General Motors and Nissan in an effort to persuade Congress to extend the EV tax credit.

Mr Musk and Tesla reached the settlement with the SEC on September 29.

Despite it all, Tesla has met key deadlines in ramping up production of its critical Model 3, reporting strong earnings in its most recent quarter.

Baird analysts said Monday they would be buyers of any weakness in Tesla shares, after a report that the company has more than 3,300 Model 3 vehicles in inventory as of Sunday. Even Tesla CEO Elon Musk's consistent promotion of the company's ability to deliver vehicles by the end of the year and a corporate campaign urging Tesla's employees to buy the company's cars, both of which unraveled in the last few weeks, didn't help the situation.