Tesla Offers Discounts on Model S and Model X Vehicles

Tesla has been known for its high prices, but the company has been offering discounts on its Model S and Model X vehicles in its inventory. Buyers can get up to $7,500 off and three years of free charging. This move is part of Tesla’s efforts to grow sales by 50 percent globally, even if it means sacrificing profit.

Price Cuts and Bonuses

Tesla often offers price cuts and bonuses as it nears the end of a sales quarter to boost numbers. InsideEVs tracks Tesla pricing and shared that the Model S and Model X were already discounted by $5,000 a few weeks earlier, so this latest $2,500 bump adds to the price cut. The free Supercharging offer could be worth thousands, though it’s not like these discounts are making either EV particularly affordable.

Premium EVs

The discounted Model S still exceeds $84,000, and the Model X reaches almost $93,000 after the discount. While both are positioned as premium EVs, the number of lower-cost options offering a similar experience is growing, putting pressure on Tesla to be more competitive on price. The good news for the automaker is that the Model 3 and Model Y both qualify for federal EV tax credits, making their far lower prices even more reasonable.

Tesla CEO Elon Musk has noted that the company is ready to deliver more vehicles at the expense of profit as it looks to grow sales by 50 percent globally. The automaker often offers price cuts and bonuses as it nears the end of a sales quarter to boost numbers.

Tesla’s Future

Tesla has been a leader in the electric vehicle market, but with more competition entering the market, the company needs to stay competitive on price. The company is also facing challenges with production and delivery of its vehicles. However, Tesla’s future looks bright with the upcoming release of its Cybertruck and Semi truck.

Conclusion

Tesla is offering discounts on its Model S and Model X vehicles in its inventory, with buyers getting up to $7,500 off and three years of free charging. This move is part of Tesla’s efforts to grow sales by 50 percent globally, even if it means sacrificing profit. While the discounted prices are still high, the Model 3 and Model Y both qualify for federal EV tax credits, making their far lower prices even more reasonable. Tesla needs to stay competitive on price as more competition enters the electric vehicle market, but the company’s future looks bright with the upcoming release of its Cybertruck and Semi truck.