Tesla Model Y Inventory Surge: Deals, Incentives, and Predictions for 2023

Hey everyone, DennisCW here! Welcome back to another update on all things Tesla. Today, we're diving deep into the latest trends surrounding Tesla Model Y inventory, current incentives like the 1.99% financing offer, and what we might expect in terms of deals and discounts in the coming quarters. I've got some juicy data charts, predictions, and insider tips to share, so buckle up and let’s get started!

Model Y Inventory on the Rise: What It Means for Buyers

If you've been keeping an eye on Tesla's inventory, you might have noticed a significant uptick in Model Y availability. According to our favorite inventory tracking charts, the numbers are climbing fast for both the rear-wheel drive (RWD) and all-wheel drive (AWD) trims. This surge in inventory often signals one thing: more incentives and better deals for potential buyers.

Right now, Tesla is offering an incredible 1.99% financing on both Model Y trims, but there’s a catch. For the AWD variant, you need to lock in your order with a credit application by the 16th of this month. The RWD trim, however, gives you until the end of the month to take delivery. With inventory levels increasing—especially for RWD units flooding tesla.com—it’s clear Tesla is pushing to move these vehicles before the end of Q2.

So, what’s next? I predict we’ll see inventory discounts becoming more aggressive in the coming weeks. While I don’t expect discounts on the newer long-range RWD due to limited demo mileage, I do think Tesla might extend the 1.99% financing for AWD to the end of the month to align with their delivery goals. What are your thoughts? Let me know in the comments!

Stacking Incentives: Maximize Your Tesla Deal

Tesla is currently rolling out a variety of incentives that can stack up to save you big bucks. Here’s a quick refresher on what’s available:

• America’s Heroes Discount: Get $1,000 off by verifying with ID.me.
• Lift Driver Program: Sign up, pass the background check, and snag a $1,000 credit upfront, plus another $1,000 after completing drives.
• Full Self-Driving (FSD) Trial: Use a Tesla referral code (like mine in the description below) to get 3 months of FSD for free while supporting the channel.

Many of these offers end by the close of this month, so if you’re in the market for a Tesla, now’s the time to act. Plus, with inventory rising not just for Model Y but also for Model 3 (check the pink line on our charts), there’s plenty of opportunity to snag a deal. For the latest discounts on Model 3 and Model Y, be sure to check out our deal spreadsheet linked below.

Financing Predictions: Will Rates Drop Further?

Looking ahead, I’m betting we’ll see the 1.99% financing extended through the end of the month for both trims. But what about Q3 and Q4? If inventory continues to climb, I wouldn’t be surprised if Tesla drops rates even lower—perhaps to 0.99% in Q3 and potentially 0% in Q4, especially for the Model Y, Tesla’s highest-volume vehicle. Psychologically, the difference between 0% and 0.99% isn’t huge, but it could be enough to drive sales as we approach the end-of-year push. Given the Model Y’s popularity, Tesla needs to keep these units moving. Do you think we’ll see 0% by year-end? Drop your predictions below!

Tesla Lease Deals: Lower Payments, But What’s the Catch?

Tesla recently slashed lease payments for the Model Y, with RWD at $399/month and AWD at $499/month for 36-month terms with just $1,000 down. However, digging into the interest rates (or money factor) reveals a less exciting story. The RWD lease rate dropped to 7.3% from 9.49%, while AWD remains at 8.28%. Compare this to Model 3 lease rates (2.7% for RWD and 3.6% for AWD on a 2-year term), and there’s clearly room for improvement on the Model Y side.

Could these rates drop further in Q3 or Q4? Possibly, especially if inventory pressure persists. For now, though, stacking state incentives (like Colorado’s crazy low $99-$200/month deals) with these lease offers could still net you a fantastic payment. If you’ve scored a killer lease deal recently, share your experience with the community!

Spotted: Camouflaged Model Y Performance and More

In other exciting news, a camouflaged Tesla Model Y—likely the Performance variant—has been spotted. Tesla seems to be teasing this refresh, with rumors pointing to a release around September or October. Meanwhile, Model S and Model X refreshes have been seen uncovered, hinting at an imminent reveal, possibly as early as tomorrow or next week. Are you hyped for the updated Model Y Performance? Let me know what you’re most excited about!

Protect Your Credit Before Financing with Aura

If you’re planning to finance or lease a Tesla, protecting your credit is crucial. Did you know Bank of America recently had a data breach and didn’t notify customers for a month? On average, companies take 277 days to report breaches, leaving your personal info vulnerable. That’s why I use Aura, today’s sponsor, to safeguard my data. Aura scans the dark web for my info, reduces spam calls, removes my data from sketchy broker sites, and offers $5 million in identity theft insurance—all in one app. Try it free for 14 days at aura.com/denniscw (link below). Don’t wait until it’s too late—protect your credit now!

New Tesla Accessories and Adapters

Picked up a new Tesla recently? You might be surprised to find it comes with a CCS Combo 1 adapter—at least in California, as reported by a friend. This adapter, alongside the included J-plug and mobile connector ($300 value), is a nice bonus, though it’s unclear if this is region-specific. Have you received a CCS adapter with your new Model Y? Let us know!

Speaking of must-haves, new Teslas don’t come with accessories like floor mats or phone mounts. My top recommendations include:

• All-Weather Floor Mats by 3W Liners: My favorite set, used in my Model X, 3, Y, and Cybertruck. Use promo code DENNIS35 for 35% off (link below).
• Jowua Accessories: From phone mounts to center console organizers, they’ve got it all. Use our promo code for a discount and free shipping on orders over $120 (link below).

Check out page two of our deal spreadsheet for more accessory recommendations and discount codes!

Selling Your Trade-In? Get Maximum Value with Chip

If you’re buying a Tesla and have a trade-in, my friend Chip, who runs a dealership in Tennessee, is looking to buy your vehicle for top dollar—especially hybrids and EVs. Submit your info via the link below and mention “Dennis Deal” in the form comments for the best offer. If you’re on the East Coast or Central US, this is a great option to maximize your trade-in value. Chip also offers discounts on his inventory with the “Dennis Deal” mention, so check it out!

Rob taxi Profitability and CyberCap Updates

Ever wondered if your Model Y could be a profitable robotaxi? According to Test Calendar’s calculations, it would take about 9,499 days (3 years) and 378,000 miles of continuous use to turn a profit, factoring in costs like insurance ($300/month) and Tesla’s fees. With a daily profit of around $49, it’s a long road—literally. Wear and tear is a concern, and while Tesla’s battery warranty is solid, it caps at 120-150k miles for most models. For now, I’d caution against leasing a Model Y solely for robotaxi purposes. Maybe the upcoming CyberCap, with production starting in 2026 and prototypes this summer at Giga Texas, will be a better bet with its 50 kWh battery and 10 km/kWh efficiency.

High-Mileage Tesla Deal: 316,000 Miles for $13,000?

Lastly, shoutout to Cheap Tesla for spotlighting a 2020 Model Y Long Range AWD with 316,000 miles for just $13,000. With a clean title, no accidents, FSD included, and a battery replaced in 2022, it’s a steal—especially if you qualify for the $4,000 used EV tax credit, dropping the price to $9,900. Located in Colorado, this deal sold quickly, but if you’re hunting for cheap Teslas, hit up Cheap Tesla on Twitter or Instagram and mention “Dennis Deal” for a hookup. Would you buy a high-mileage Tesla like this? Let me know!

Wrapping Up

That’s all for today, folks! From soaring Model Y inventory and financing predictions to lease deals, accessories, and robotaxi math, we’ve covered a lot. If you’re in the market for a Tesla, now’s a great time to act with current incentives, but waiting until Q3 or Q4 could yield even better offers. Check out all the links and promo codes below for deals on vehicles, accessories, and credit protection with Aura. Don’t forget to like, comment, and subscribe for more Tesla deal-hacking content. What do you think Tesla’s next big incentive will be? Let’s chat in the comments, and I’ll see you in the next one!

Links & Resources:

• Tesla Deal Spreadsheet: [Link in Description]
• Aura 14-Day Free Trial: aura.com/denniscw
• 3W Liners Floor Mats (35% off with DENNIS35): [Link in Description]
• Jowua Accessories (Discount & Free Shipping): [Link in Description]
• Sell Your Vehicle to Chip (Mention Dennis Deal): [Link in Description]
• Tesla Referral Code (3 Months FSD): [Link in Description]

Thanks for supporting the channel, and stay tuned for more updates!