Full Tesla Tax Credit Will Expire Monday
If your weekend includes shopping for a Tesla Inc. (TSLA) vehicle, make sure to buy the car before Monday, Oct. 15.
That's the day the $7,500 tax credit purchasers have enjoyed will expire as the company surpasses the threshold of 200,000 U.S. electric vehicle deliveries.
The company is letting customers know that "all orders placed by October 15, 2018 will be delivered by the end of the year" and will be eligible for the full tax credit on its website.
The company first confirmed that it hit the federal tax credit threshold in the first week of the third quarter.
Tesla buyers will still be able to see a smaller tax benefit after Oct. 15. Buyers will get a $3,750 tax benefit over the next few months, per Internal Revenue Service tax rules.
U.S. futures are rising across the board Friday, indicating that markets are prepared to gain back some of the ground that the markets have lost over the past two sessions.
Dow futures are up 0.95%, indicating an open 238 points higher, while S&P futures are up 1.-2%, indicating an open 28 points higher, and Nasdaq futures are up 1.48%, indicating an open 104 points higher.
Asian markets were also showing signs of recovery after a couple of dismal days. The Nikkei rose 0.46%, the Shanghai Composite gained 0.91%, and the Hang Seng gained 2.18%.
In Europe, the FTSE 100 was gaining 0.75%, while the DAX gained 0.7%, and the CAC 40 rose 0.78%, with about four hours left in trading.