“Tesla just acquired trucking ability to ensure Model 3 could be delivered in US by Dec 31 when ordered by Nov 30,” Musk tweeted.
“Skipping rail saves over a month for East Coast deliveries. All things considered, it’s far better to use trucks. Single load/unload & direct to owner place.”
Tesla didn’t immediately respond to a request for additional information concerning the acquisition.
“I think that it’s a fantastic move. We are in need of a little more detail to know what type of capacity this attracts, but with those trucks on the road will help with purchase momentum,” Roth Capital Partners analyst Craig Irwin explained.
The credits can be obtained for six months following an automaker hits 200,000 shipping mark, which Tesla struck in July. The incentives then reduce by 50 percent every six months before it phases out.
Tesla has promised a profit for its fourth quarter. The business said that it booked $189.5 million in automotive regulatory credits in its third quarter, which led to almost half of the profit.