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Tesla named two more independent directors on Friday and said it completed the requirements of a USA settlement of fraud charges involving Chief Executive Elon Musk.

The SEC moved to punish Tesla and Mr Musk because it alleged he committed fraud by tweeting that he had the "funding secured" to take the company private at $420 a share. The tax credit will apply to cars delivered by New Year's Eve. So, Tesla will maybe be left with a small inventory - unless they can still get some buyers today.

Now that Tesla has reached sales of 200,000 electric vehicles, the $7,500 credit is being cut in half to $3,750 beginning Jan 1, before eventually being phased out completely a year from now.

But Musk has continued to taunt the United States agency, most recently in an interview broadcast earlier this month with network news program "60 Minutes".

Officials said earlier in the month that they were "doing everything" possible to make sure those who ordered a vehicle as late as December 20 could take delivery by December 31.

YPG hands over Manbij to Syrian regime forces
Troops entered the town for the first time in six years on Friday, a Syrian army spokesman said in a televised statement. Russia, a staunch ally of Mr Al Assad, immediately welcomed the return of Kurdish territories to government control.

However, for those owners who might change their minds about purchasing a Tesla with the tax credit being halved this week, Musk promised to cover the tax difference in a post this week on Twitter, as the company ramps up efforts to deliver cars to new customers before the deadline.

The organization planned to push Congress to reform the system and eliminate the manufacturer cap but nothing has materialized yet.

Musk and Tesla reached the settlement with the SEC on September 29 that gave the company 90 days to add directors and take other actions. The expiring tax credit will make the Model 3 at least $3,750 more expensive.

Tesla argued that it is now at a disadvantage going forward. Tesla shares were last down about 2.5%, following the report in Electrek, which cited a source familiar with the matter.

Just last week we got word that Oracle 's (ORCL) Larry Ellison would be joining Tesla's board, but the stock is trading lower Monday, on an otherwise good day for the market, hurt largely by a report from Electrek, which said that the company had more than 3,000 Model 3 units left in its USA inventory.


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