Buyers worry they’ll lose tax credit while waiting on Tesla

DETROIT (AP) — For many on the list to buy Tesla’s mass-market electric car, the wait for the company to produce enough to satisfy demand isn’t a major problem. But the prospect of losing a U.S. federal tax credit is.

While CEO Elon Musk’s company uses a tent to create more factory space and crank out more Model 3s, many on the waiting list worry about the looming phaseout of the $7,500 credit on Tesla vehicles. If it goes away, the car could cost too much, forcing them to cancel orders.

That could cost Tesla critical sales and revenue at a time when the company will need a lot of cash.