Economy Buyers worry they'll lose tax credit while waiting on Tesla Updated : July 18, 2018 08:26 PM IST Tesla was taking $1,000 deposits for its new electric car, the Model 3, priced starting at $35,000. And now, like others in the US on a waiting list of about 420,000 worldwide, he worries that the looming phaseout of a $7,500 federal tax credit will put the cost of the car out of his reach. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.