“Tesla just acquired trucking ability to guarantee Model 3 can be sent in US by Dec 31 when ordered by Nov 30,” Musk tweeted.
“Skipping rail saves over a month for East Coast deliveries. After all, it’s better to make use of trucks. Single load/unload & guide to owner location.”
Tesla didn’t immediately respond to a request for more details about the acquisition.
“I think it’s a fantastic move. We are in need of a little more detail to know what kind of ability this brings, but with those trucks on the road will assist with purchase momentum,” Roth Capital Partners analyst Craig Irwin said.
The electric carmaker has till the close of the year to hand out tax credits of $7,500 (approximately Rs. 5.39 lakhs) for clients.
The credits are available for six months after an automaker strikes 200,000 shipping mark, which Tesla struck in July. The incentives then decrease by 50 percent every six months until it ends up.
Tesla has guaranteed a profit for the fourth quarter. The company said that it booked $189.5 million in automotive regulatory credits in its next quarter, which led to nearly half of the gain.