Hey everyone, DennisCW here! If you're a Tesla enthusiast like me, you've probably been keeping a close eye on the latest from Tesla. In my recent video, I dove into some exciting news: the first inventory discounts on the brand-new, refreshed Model S and Model X. These aren't the older models—these are the latest refreshes, and Tesla is already offering discounts up to nearly $4,000. This could be a sign of more aggressive pricing strategies ahead, especially as Tesla looks to move inventory. Let's break it down and explore what this means for potential buyers, including predictions for the Model 3 and Model Y.
Tesla isn't messing around with these deals. We're seeing significant price cuts on demo and inventory vehicles that haven't even hit the showroom floors in some cases. Here are a few highlights:
These are phenomenal deals for vehicles that are fresh off the line. I recently had the chance to drive a Model S Plaid, and let me tell you, it's an absolute beast. If you're in the market for a high-performance EV, now might be the perfect time to snag one.
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This move gives us a peek into Tesla's playbook. It seems like they're getting more aggressive with inventory discounts on even their newest models. Why? To clear out stock and keep the momentum going. But here's where it gets interesting: this could foreshadow bigger incentives for other models.
For the Model 3 and Model Y, I predict we might see enhanced inventory discounts, especially on "stale" or demo vehicles with higher mileage. Right now, a Model Y with 3,000 miles might only have a $2,400 discount, which doesn't always make sense. But bump that up to $6,000 (or about $2 per mile), and it becomes a no-brainer. I've even considered it myself!
On the financing side, Tesla needs to step up for the Model S and X. Current incentives like one year of free Supercharging or a free upgrade aren't moving the needle for buyers in this price range. What would? Low-interest financing, like the 0% offers we've seen on the Cybertruck or even 2.49%–3.99% rates. I wouldn't be surprised if 0% financing rolls out across the lineup to help shift existing inventory.
As for the Model Y, things might stay quiet for the next 60 days or so until the $7,500 federal tax credit kicks in more broadly. But keep an eye out for deeper discounts on higher-mileage demos in the meantime.
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These discounts on the refreshed Model S and X are a big deal and could signal more buyer-friendly moves from Tesla. Whether you're eyeing a Plaid or waiting for Model Y deals, staying informed is key. What do you think? Have you recently bought a Tesla, or are you about to? Share your thoughts in the comments below—I'd love to hear from you!
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Tesla enthusiast and EV expert. Sharing tips on maximizing your Tesla ownership experience.