Tesla Inventory Surges: Massive Discounts and Incentives Revealed!

Hey everyone, DennisCW here! If you’ve been keeping an eye on Tesla lately, you’ve probably noticed some wild changes in their inventory levels. In my latest video, I dove deep into the parabolic spike in Tesla’s inventory across nearly all models, and I’m breaking it all down for you in this blog post. From hidden inventory to jaw-dropping discounts and financing offers, there’s a lot to unpack. Let’s get into it!

Tesla Inventory Goes Parabolic: What’s Happening?

Tesla’s inventory levels have skyrocketed recently, hitting the highest numbers we’ve seen in the past three months. Almost every model—except for one—has seen massive increases. Here’s a quick breakdown of the numbers:

• Model 3: A staggering 400% increase in inventory.
• Cybertruck: Up by 100%.
• Model S: A 217% spike.
• Model X: Up by 138%.

The only model not fully tracked right now is the Model Y, and it seems Tesla might be hiding some of its inventory data. However, even with limited visibility, we’ve spotted a slight uptick of about 258 units for the Model Y on their website. Discounts for the Model Y are popping up, but they disappear incredibly fast, so you’ve got to act quickly if you’re eyeing one.

You can see the full inventory trends in the charts I shared in the video. It’s clear that Tesla is sitting on a lot of vehicles right now, and this is directly influencing the deals and incentives they’re rolling out.

Why the Surge in Inventory? Deals and Incentives Galore!

When inventory levels spike like this, one thing is certain: deals follow. Tesla knows they need to move these vehicles, and they’re pulling out all the stops with some incredible offers. Let’s take a closer look at what’s available for each model.

Model 3: 0% Interest Financing

The Model 3 has seen the most dramatic inventory increase, and Tesla’s response is a game-changer: 0% interest financing for 60 months. This is likely to last until the end of June, so if you’re in the market for a Model 3, now might be the perfect time to strike. Discounts are also significant, with up to:

• $5,600 off on the Model 3 Performance.
• $2,700 off on the All-Wheel Drive variant.
• $1,400 off on the Rear-Wheel Drive model.

And here’s a bonus: these discounts are before applying a Tesla referral code, which can get you three months of Full Self-Driving (FSD) for free on any Tesla vehicle.

Model S and Model X: Big Discounts, No Financing Changes

For the higher-end models like the Model S and Model X, inventory levels are also up, but the financing offers haven’t changed much. However, you can still snag some hefty discounts—up to $9,500 off on both models. If you’re looking for the best deals on these, I’ve updated my “Best Deal Spreadsheet” with all the latest offers. Check it out in the video description!

Cybertruck: Inventory Up, Leasing Options Down

The Cybertruck has also seen a massive inventory increase (check the maroon line on the chart in my video!), but things are getting a bit “wonky” with the offers. Tesla seems to have removed some leasing options for the 2024 Cybertruck All-Wheel Drive, which was previously a great loophole to stack incentives like the $8,000 and $7,500 credits. Without these options, moving Cybertruck units could get tougher for Tesla. I’m predicting we might see low-interest financing offers (think 1.99% or even 0%) for the Cybertruck, Model S, and Model X soon to boost sales.

Model Y: Low-Interest Financing at 1.99%

While inventory data for the Model Y is limited, Tesla is offering 1.99% financing on this popular model. However, read the fine print—most of these financing deals require a 15% down payment, which translates to $5,000–$10,000 upfront depending on the vehicle’s price.

Is Tesla Demand Dropping? Industry Insights

There’s been a lot of chatter lately about Tesla’s demand relative to its production capacity. A recent post by James on social media pointed out that Tesla’s vehicle demand is at an all-time low compared to its production capacity. Tesla’s strategy seems to be releasing more affordable vehicles to address both low demand and excess supply. The success of this approach will depend on the pricing of these new vehicles and whether Tesla can improve its brand image in the coming months.

Additionally, Troy Tesla shared a stat showing that Tesla sales in the US dropped by 5.7% in 2024, while the overall passenger vehicle market grew by 2.8%, and other battery electric vehicles surged by 27%. This lag in Tesla’s sales—despite massive incentives—could signal tougher times ahead. However, with the current offers and inventory levels, I believe we’re just at the beginning of even more aggressive incentives throughout the year.

My Advice: Should You Buy Now or Wait?

If you’re itching to get a Tesla, my advice remains the same: if you can wait, hold off until the end of this quarter, the next quarter, or especially Q4. Historically, the best deals always drop toward the end of the year. However, if you need a vehicle now, the current offers—especially the 0% financing on Model 3—are some of the best we’ve seen all year.

Tesla Safety: A Quick Note

On a different note, I came across a post showing a Tesla Model Y involved in a severe accident with a bus. Thankfully, the vehicle held up remarkably well, showcasing Tesla’s commitment to safety. While I hope none of you ever find yourselves in such a situation, it’s reassuring to know that Teslas are among the safest vehicles on the road.

Protect Your Credit Before Financing

If you’re planning to finance a Tesla, there’s one crucial step you need to take first: protect your credit. Recently, Bank of America had a data breach and didn’t notify customers for a month. On average, companies take 277 days to report breaches, leaving your personal information exposed for months. That’s why I use Aura, today’s sponsor, to keep my data safe.

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What Do You Think?

I’d love to hear your thoughts! What do you make of Tesla’s inventory surge and these incentives? Are you planning to snag a deal now, or are you holding out for better offers later in the year? Drop a comment below, and don’t forget to check out the full video for all the charts and details. If you found this post helpful, share it with a friend who’s in the market for a Tesla. Until next time, this is DennisCW signing off!

Disclaimer: This content is for informational purposes only and not financial advice. Always do your own research before making purchasing decisions.