California drivers can now grab a Model Y for $36,000 after the $3,500 discount plus 0.99% APR financing. The California Tesla $3500 first time buyer incentive has no income cap and applies even to higher-trim Model Y Performance models.
How the Tesla California EV incentive works
The program is funded with $135 million split between the state and participating OEMs. Tesla is one of just six brands able to offer it immediately. Roughly 73,000 vehicles will be covered before the money disappears, which I expect in three to six months given current demand.
Model Y $3500 off California deal breakdown
- New Model Y starts at $36,000 after the rebate with 0.99% APR.
- Model 3 starts at $33,000 but carries 6.65% APR.
- The first time EV buyer Tesla deal is confirmed via a simple self-attest form on the California Air Resources Board site.
Even Model Y Performance at $58,000 MSRP qualifies for the $3,500 off when paired with California financing.
What it means for first-time EV buyers
If you have never owned an EV, this is one of the strongest first time EV buyer Tesla deals available right now. Families can sometimes split purchases across spouses or adult children to maximize the savings. Tesla is advertising limited funds, so inventory vehicles with quick delivery make the most sense.
For full details and to check your eligibility, see the breakdown at https://denniscw.com/blog/california-tesla-3500-incentive.
Bottom line
The window on the California Tesla $3500 first time buyer incentive is short. Lock in a qualifying Tesla now and attach a referral for three months of free Full Self-Driving before delivery. Tesla referral — 3 months free FSD + low APR financing
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