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Tesla NewsJuly 19, 2025
Tesla's Deductible Interest Loans: A Bad Deal? Plus Latest EV News and Giveaways
Tesla's Deductible Interest Loans: A Bad Deal? Plus Latest EV News and Giveaways
Hey everyone, DennisCW here! Welcome back to another deep dive into all things Tesla and EV deal hacking. If you're new here, I love breaking down the best ways to save on your Tesla purchases, from financing tips to spotting the latest deals. Don't forget to subscribe to my YouTube channel and join our free email newsletter (link in the description below) for exclusive updates. Today's post is based on my recent live stream, where we covered Tesla's latest announcement on deductible interest loans, some exciting Tesla sightings, and a bunch more. Plus, we're in the middle of our Christmas in July giveaways—stick around for details!
This stream was sponsored by Aura, your go-to for online data protection. More on that later. Let's jump in.
Tesla's Deductible Interest Loans: Spoiler Alert—It's Not Great
Tesla dropped a bombshell on their X account: "Attention Americans, up to $10,000 in interest on your auto loan is now deductible. You can stack this with your $7,500 federal tax credit." They even threw in a quote about saving on gas and maintenance. Sounds amazing, right? Well, hold up—it's not as sweet as it seems.
Thanks to recent legislation, interest on auto loans for U.S.-assembled vehicles (like most Teslas) can now be deducted, up to $10,000. This applies to models like the Model 3, Model Y, S, X, and even the Cybertruck (which has 0% financing if you add Full Self-Driving). But here's the catch: Tesla's current financing rate is around 5.54%, and there are income limits (under $150,000 for singles).
The deduction isn't a 1:1 savings—it's based on your tax bracket. Let's do the math: For a $50,000 Model Y loan at 5% over 60 months, you'd pay about $6,614 in interest. At a 22% marginal tax rate (say, $100K income), you'd save roughly $1,389 in taxes. Net result? You're still out $5,225 after the deduction. Ouch.
I even fact-checked this with Grok, and it confirmed the numbers. Sure, it's better than nothing, but paying interest to get a partial deduction isn't a win. I'd much rather see 0% or 1.99% financing return—especially with the $7,500 tax credit ending soon. If Tesla pushes this as their big incentive, sales could suffer. What do you think? Drop your thoughts in the comments!
Spotted: New Model Y Variants and Tesla Diner Updates
In more exciting news, a camouflaged Model Y (likely the Performance version) was spotted in the US—probably California. It could also be the rumored six-seater with a third row for easier access (perfect for families with car seats). Imagine a seating config that makes sense for real life—I'm intrigued. Would you pick this over a Model X?
Speaking of cool concepts, check out this Tesla Terra Van idea: Starting at $69,420 with 1,000-mile range? A stretch, but it'd be epic, especially if it's Cybertruck-inspired.
On the Tesla Diner front, progress is slow, but we got a peek at the menu: burgers, fries, chicken wings, hot dogs, and milkshakes. It's listed as 24/7—fingers crossed Optimus robots serve us!
Protect Your Credit Before Financing a Tesla
If you're financing, protect your credit first! Bank breaches like the recent Bank of America one can expose your data for months. That's why I use Aura—it scans the dark web, reduces spam calls, removes your info from broker sites, and includes $5M identity theft insurance. Try it free for 14 days at aura.com/denniscw (affiliate link).
Community Shoutouts and Giveaway Time
Shoutout to viewers like Anonymous, Blueberry, Rick, Orin, Jen, Mountain, and more for joining the stream! We're on Day 2 of our 5 Days of Giveaways. Yesterday's winner: Abadias Quintana—congrats! Prizes include 3W all-weather floor mats for Model Y Juniper or Model 3 Highland, a $150 gift card, or $50 Tesla Shop codes.
For today's entry: Subscribe, like the video, sign up for our newsletter, check out 3W Liners (use code DENNIS35 for 35% off), and comment your favorite song below. We'll pick a winner tomorrow using a random picker.
Must-Have Tesla Accessories from Joah
Teslas come with zero accessories, so grab essentials like a phone mount, console organizer, or underscreen storage from Joah. Use our promo code for savings and free shipping over $120 (link below). They even have game controllers and electric scooters!
Unplugged Performance's New Road Warrior Wheels
Hate curb rash? Unplugged Performance's new UPRW wheels are efficient (like stock 19s), look sick, and have removable curb protection. Check them out via our referral link for deals (below).
Other EV News: Lucid Gravity Test Drives and More
Excited for the Lucid Gravity? Test drives are coming to X Takeover in the Bay Area next Saturday—use code DENNIS for ticket savings at xtakeover.com. We'll also be at Unplugged Performance's free open house.
In China, a new Model 3 variant boasts ~497 miles of range (CLTC converted to EPA). Fingers crossed it hits the US!
Tesla now offers extended warranties for second-hand owners—great for used buyers. If you're shopping used, check Cheap Tesla's Discord (use code DENNIS) or sell your car via Give Me The VIN for max value and a $25K giveaway chance.
Wrapping Up: What's Next for Tesla in 2025?
We're eyeing the Model Y Performance, six-seater, affordable Model 2/Q, Robotaxi, Optimus, and unsupervised FSD. With the tax credit ending, Tesla needs killer deals—let's hope for low APRs!
Thanks for reading! Use my Tesla referral code for 3 months of FSD (link below). Hit like, comment your thoughts, and enter the giveaway. See you in the next one!
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Dennis CW
Tesla enthusiast and EV expert. Sharing tips on maximizing your Tesla ownership experience.