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July 19, 2018

Tesla Model 3 buyers lose patience, maybe tax credits

  • If buyers bail, it could put the company's future in peril, costing sales and desperately needed cash flow at a critical time.
  • By TOM KRISHER
    AP Auto Writer

    DETROIT — In March of 2016, Keith Reynolds flew from California to Atlanta so he could claim his spot in line at 4 a.m., and get a three-hour head start on his West Coast competitors.

    Tesla was taking $1,000 deposits for its new electric car, the Model 3, priced starting at $35,000. And Reynolds had to have one. He managed to land near the top of the waiting list.


     
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