Ken, thanks for the
Ken, thanks for the clarification. Your details all seem to match what I understand the program to be. However, I think the story is accurate. With the updated news that Model 3 reservations are now standing at about 300,000, there is no doubt that the bulk of owners will face the possibility that the Model 3 they buy will not have a federal rebate. To succeed in the sense that the Model 3 will be a mainstream vehicle it needs to put up big numbers and that means the tax incentive will be used up early in its product lifecycle. There is a link embedded with details.