Tesla Inc (NASDAQ:TSLA) researcher Troy Teslike expects Model 3 demand to be the biggest challenge for the EV giant in the second quarter.
What Happened: Lowered demand for the Model 3, Teslike said, will be the company’s biggest challenge in terms of deliveries. The two low-priced versions of the Model 3 don’t qualify for a federal EV tax credit of $7,500 while the corresponding versions of the Model Y do.
This brings the effective price of the Model Y for eligible customers down below the corresponding Model 3, making the Y a more appealing option for buyers.