Tesla Incentive Update July 2025: Best Deals and What to Watch For

Hey everyone, DennisCW here! Welcome back to another update on all things Tesla. In today’s post, I’m diving deep into the latest Tesla incentives for July 2025, breaking down which models offer the best deals, and sharing my thoughts on whether now is the right time to buy. Plus, I’ve got some insider tips on upcoming events, accessories, and more. Let’s jump right in!

Tesla Incentives for July 2025: What’s Hot and What’s Not

Tesla has rolled out a variety of incentives this month, but not all of them are worth jumping on. Here’s a quick rundown of the key offers and my take on who should consider buying:

• Free Paint Options (Red, White, Blue): Until July 14, 2025, you can get free paint upgrades on most models. The red option offers the best value at nearly $2,000 in savings. Act fast if this is a deal-breaker for you, as delivery must be taken by the deadline.
• America’s Heroes Discount: A $1,000 discount for military, retired military, teachers, students, and first responders. It’s super easy to claim via ID.me verification (just ensure your email matches your Tesla account).
• Lyft Driver Credits: Up to $2,000 in credits for Lyft drivers. The first $1,000 is straightforward to get just by signing up, while the second requires completing trips.
• Full Self-Driving (FSD) Perks: Use a referral code (like mine in the description below) for 3 months of FSD free with a new purchase. Plus, FSD transfer is still available for those upgrading from an older Tesla.
• Financing Rates: Most models (Model 3, Y, S, X) are at 5.54% interest for up to 72 months. Cybertruck stands out with 0% interest when paired with FSD purchase—a rare gem right now.
• Inventory Discounts: Notable discounts include $3,500 off on Model 3, $1,590 off on Model Y, $9,500 off on Model S/X (though older models), and a hefty $8,000 off on Cybertruck inventory units, some of which can be leased for as low as $661/month.

My Take: Should You Buy Now?

Honestly, unless you’re eyeing the Cybertruck with 0% interest or can stack multiple incentives (like the America’s Heroes discount with free paint), I’d hold off. The 5.54% interest rate on other models is far from ideal, especially compared to past offers of 0% or 1.99%. With the $7,500 federal tax credit expiring on September 30, 2025, Tesla is banking on FOMO to drive sales, but there’s still time—about 90 days—to wait for better financing deals. My prediction? We might see improved incentives post-earnings call (around late July) or by August as inventory levels remain high.

Pro Tip: If you’re financing, protect your credit before applying. I use Aura to monitor my data on the dark web and reduce spam calls. Try it free for 14 days at aura.com/denniscw.

Best Tesla Deals Right Now

Here’s a snapshot of the standout inventory deals I’ve found:

• Model Y: Up to $3,600 off on demo vehicles (like a Quicksilver Performance with 1,236 miles for $3,540 off). Be cautious with repaired demos—check the damage history.
• Model X/S: $9,500 off on older models. I’m not thrilled about these due to their age.
• Cybertruck: The star of the show with $8,000 off on brand-new 2024 all-wheel drive trims. Pair it with 0% interest (with FSD) for maximum value.

If you’re trading in or selling your current vehicle, check out givemethevin.com for a hassle-free process and a chance at their $25,000 cash giveaway. Link below!

$7,500 Federal Tax Credit: Don’t YOLO Buy!

Tesla is heavily promoting the expiring $7,500 federal tax credit, with bold warnings on their site that you must take delivery by September 30, 2025. Here’s the breakdown:

• Eligible Models: Model 3, Model Y, and Cybertruck (if MSRP is under $80,000 for purchase).
• Income Limits: $150,000 for singles, $300,000 for married filing jointly (based on adjusted gross income—reduce it with 401k contributions if needed).
• Leasing Loophole: Leasing qualifies for the credit on any Tesla model, regardless of income.

My Advice: Don’t rush into a purchase just because of the tax credit hype. At 5.54% interest, the total cost of financing could outweigh the credit’s benefit. Cash buyers or those with heavy down payments might consider locking in now, but for most, waiting for better rates (potentially post-earnings call) is the smarter play.

Cybertruck Updates: Deals, Deliveries, and Drama

I recently took delivery of a Cybertruck, and let’s just say the experience was... baffling. From shocking delivery conditions to ongoing issues with Tesla’s attempts to rectify the situation, it’s been a rollercoaster. Check out my full video on this saga for the details (link below). Despite this, the Cybertruck remains the best deal right now with 0% interest and $8,000 off inventory units. Interestingly, inventory charts show a dip in Cybertruck numbers—could Tesla be cooking up something new? Also, rumor has it the Foundation Series is sold out in the US, but I’m skeptical. Stay tuned for updates!

Upcoming Events and Community News

I’m thrilled to announce I’ll be at two major Tesla events soon:

• X Takeover (Bay Area): One of the biggest Tesla meetups on the West Coast. Our Cybertruck will be there—come say hi!
• Unplugged Performance Open House (August 2, 2025): RSVP for free to check out their operations and parts. Link below to join us!

Also, if you’re upgrading your Tesla wheels, Unplugged Performance offers a nationwide wheel trade-in program with a $1,000 credit (wheel condition matters, not tires). Details in the description.

Must-Have Tesla Accessories

New Tesla owners, listen up—your car comes with zero accessories. Here are my top recommendations:

• All-Weather Floor Mats: My favorite is from 3W Liners. Use code Dennis35 for 35% off (link below).
• Phone Mounts and Center Console Organizers: Essential for usability. Check out Jowua for quality options and use my promo code for savings.
• Sun Shades: Great for UV protection. I leave mine up year-round (Jowua link below).

Final Thoughts: What’s Next for Tesla Incentives?

With inventory levels high and the $7,500 tax credit deadline looming, I expect Tesla to roll out better financing deals soon—possibly after the July 23 earnings call or by early August. If you’re itching for 0% or 1.99% rates on Model 3 or Y, waiting might pay off. For now, the Cybertruck is the only model I’d confidently recommend due to its unbeatable financing and discounts.

What do you think? Are you holding out for better incentives, or are you jumping on a deal now? Drop your thoughts in the comments, and don’t forget to subscribe to my free weekly newsletter for the latest Tesla deals (link below). Thanks for reading, and I’ll catch you in the next update!

Links & Resources:

• Tesla Referral Code: [Link in Description]
• Aura (Data Protection): aura.com/denniscw
• GiveMeTheVin (Sell/Trade Your Car): [Link in Description]
• Unplugged Performance Wheel Trade-In: [Link in Description]
• 3W Liners Floor Mats (Code: Dennis35): [Link in Description]
• Jowua Accessories: [Link in Description]
• Newsletter Sign-Up: [Link in Description]

Stay charged, everyone!

— DennisCW