Tesla Financing Deals End Today: What’s Next for Model Y & Model 3?

Hey everyone, DennisCW here! Today marks the final day for some incredible Tesla financing offers—1.99% on the Model Y and an unbeatable 0% on the Model 3. I know I’ve been sounding like a broken record lately, but if you’re not at a Tesla store picking up your new ride right now, you’re probably strategizing from home, wondering what’s coming next. Will there be better deals in the upcoming quarter? Let’s dive into what I’m seeing, what others are saying, and my predictions for Tesla’s future promotions.

Last Call for Current Deals

As of today, the 1.99% financing for the Model Y and 0% for the Model 3 are ending. Tesla has technically listed tomorrow as the cutoff, but for all intents and purposes, you need to take delivery by today to lock in these rates. I know many of you are rushing to Tesla stores—some even until 10 PM—to snag a Model Y, Model 3, or another Tesla model. For those who couldn’t make it in time, let’s talk about what might be on the horizon.

What’s Next for Tesla Incentives?

So, what can we expect in the next quarter? To give you the TL;DR version, I think we’re likely to see a repeat of the current incentives. I’m predicting another round of 1.99% financing for the Model Y, and if we’re lucky, maybe even 0.99%. For the Model 3, we might see similar offers. Meanwhile, in China, Tesla has already extended their current promotions through the end of July, which could be a hint at what’s coming globally.

Tesla operates on a quarter-by-quarter basis, and since tomorrow marks the start of Q3, we often see better incentives and discounts as the quarter progresses. Historically, the biggest promotions used to drop in the third month, but Tesla has been pulling them forward lately. I wouldn’t be surprised if we see something as early as July 15th. Typically, the pattern is lease specials and inventory discounts in the first month, followed by financing promotions in the second. With the uncertainty around the $7,500 EV tax credit (more on that below), I think Tesla might stick to a 1.99% financing deal to keep sales momentum.

The $7,500 EV Tax Credit: Will It Survive?

One major factor influencing Tesla’s strategy—and your buying decision—is the potential end of the $7,500 federal EV tax credit. This credit is currently under debate in the Senate, and it’s not looking smooth. While much of the discussion seems to focus on unrelated issues like Medicaid and insurance, there’s a growing sentiment that some lawmakers aren’t thrilled about spending $7,500 per vehicle on EV incentives. Many buyers are taking delivery now to lock in the credit before it possibly disappears, and we’re seeing Model Y and Model 3 inventory trending downward as a result.

Interestingly, Elon Musk has been vocal on social media lately, posting about a “one big beautiful bill” and even hinting at creating a new political party if it passes. Could this be a sign that Tesla’s sales and deliveries aren’t as bad as some speculate? We’ll know more in about a week when Tesla releases its Q3 production and delivery numbers.

Model Y Performance & Other Hopes

I’m still holding out hope for a Model Y 7-seater or third-row option, and of course, the much-anticipated Model Y Performance. Fingers crossed we see something in the next month or so—there’s a lot of buzz and demand for it. And how amazing would 0% financing be in August? Let’s keep dreaming!

Cybertruck Predictions

If you’re waiting for a Cybertruck, you’re in a solid position right now. Tesla is offering 0% financing with Full Self-Driving (FSD) included, and inventory isn’t moving much. My big prediction for the next quarter? I think Tesla will bring back 0% financing for the Cybertruck without requiring FSD to be bundled. If you’ve been on the sidelines, Q3 could be the perfect time to jump in.

Don’t forget to use a Tesla referral code (like the one in the description of my video) to get three months of FSD added to your purchase!

Model X Delays & Other Tesla News

On a less exciting note, I’m hearing chatter about delays for the refreshed Model X deliveries. If you’re waiting for one, I feel for you—hang in there. Meanwhile, Tesla has rolled out a new page on their website listing all current discounts and incentives. I’m curious to see how quickly they update it tomorrow with new offers, or if it’ll be more of a sporadically updated blog-style page.

In other Tesla news, the affordable models we were expecting by the end of Q2 haven’t been announced yet. As Sawyer pointed out, Tesla promised production in the first half of 2025, not an unveiling, so we might still have to wait. Elon’s recent political tweets and upcoming delivery numbers also have investors on edge, while some Republicans are reportedly urging Trump to keep EV funding flowing. Stay tuned for more updates on all of this.

Rivian Incentives Ending Too

Tesla isn’t the only one wrapping up big deals. Rivian’s incentives, including $5,99 lease deals, $12,500 off leasing offers, and an extra $5,000 off on certain models, are also ending. Even more significant, Rivian is stepping back from supporting the $7,500 EV tax credit for deliveries after July 1st due to the ongoing uncertainty. If you’re considering a Rivian, now’s the time to act.

Maximize Your Trade-In Value

If you’re upgrading to a Tesla or any EV, don’t forget to get the most value for your current vehicle. I’ve partnered with Give Me The Vin to help you sell your car from the comfort of your home. They’ll pick it up from your driveway or you can visit a local buying center. What’s great is their customized support—unlike a generic widget, you can negotiate with them to get the best price. Plus, they’re running a $25,000 cash giveaway for sellers this month! Check out the link in my video description for more details.

Mini Revs Giveaway: Win a Mini Tesla Cybertruck!

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Let’s Hear Your Thoughts!

What do you think is coming next for Tesla incentives? Are you waiting for a specific model like the Model Y Performance or Cybertruck? Drop your thoughts in the comments below—I’d love to hear what you’re strategizing. And if you’re hunting for a Tesla deal, don’t forget to check out all the resources and links I’ve mentioned.

Thanks for reading, and I’ll catch you in the next post or video with more Tesla updates!

-DennisCW