Get a Discount on Tesla Model 3 & Y Vehicles in the US - Take Advantage Before the $7,500 Tax Credit Expires!
Tesla has recently issued massive price cuts in the US, allowing more Model 3 and Model Y vehicles to qualify for the $7,500 US tax credit. The Model Y Long Range saw a 20% drop from its previous price of $65,990 to $52,990 and the Model Y Performance saw an 18% decrease from $69,990 to $56,990. This is great news for those looking to purchase a Tesla vehicle as it will save them thousands of dollars.
The move was likely made due to the IRS classifying the five seat variants of the Model Y as passenger cars (with a $55,000 MSRP threshold) instead of SUVs (with an $80,000 MSRP threshold). Instead of waiting for the federal government to potentially update their rules, Tesla took matters into their own hands and slashed the prices accordingly.
It appears that Tesla's decision is based on both its ability to produce batteries and stockholders' reactions to the company's stock crash. With production ramping up at Austin and Berlin factories and battery production increasing significantly, Tesla feels confident in its ability to produce enough vehicles. Additionally, with stockholders panicking over the low stock price, Tesla decided there was no point in being careful with pricing when inventory was piling up and they could keep prices low until 2024.
Overall this is great news for potential buyers who can now take advantage of these lower prices and get a much better deal than before. Furthermore, it shows that Tesla is taking steps towards becoming a mass-market car manufacturer by making their vehicles more accessible to everyone.The price cuts are also a sign that Tesla is confident in its ability to produce enough vehicles and batteries for the upcoming years. With production ramping up at Austin and Berlin factories, as well as battery production increasing significantly, it appears that Tesla has faith in their own capabilities.
It's important to note that these prices only apply to US customers; international buyers will still have to pay full price for their Model 3/Y vehicles. Additionally, the $7,500 tax credit won't be available after 2024 so those looking to take advantage of this offer should do so soon before it expires.
Overall this move by Tesla shows they're serious about becoming a mass-market car manufacturer and making their cars more accessible for everyone. It's great news for potential buyers who can now get an even better deal on one of these amazing electric cars!
What has Tesla done in the US on Thursday night?
Tesla has made the Model 3 Rear-Wheel Drive (RWD) and more variants of the Model Y qualify for the $7,500 US tax credit.
Why didn't the five seat variants of the Model Y qualify for the tax credit?
The IRS classified it as a passenger car (with a $55,000 MSRP threshold) and not an SUV (with an $80,000 MSRP threshold) due to a number of factors, including its weight.
How did Tesla take matters into their own hands?
Tesla has decided to slash the price to below the passenger car limit. The Model Y Long Range is now priced at $52,990, a massive 20% drop from its previous price of $65,990. The Model Y Performance also saw a massive 18% price cut from $69,990 to $56,990.
Is there any other information about Giga Texas Model Y AWD with 4680 cells?
Yes, it has also seen a massive 21% price drop from $61,990 to $50,990. These are still pre-order prices.
What could be the reason behind this huge price decrease?
It could be because Tesla feels confident in their ability to produce and buy enough battery cells finally or because of the stock crash or both.
Is this price decrease temporary?
It looks like they mean to keep it there at least until 2024 so it doesn't seem to be temporary.
Is there any information available about qualifying for tax credit?
Yes, there is a blurb at the bottom of the order page which lets you know if your config qualifies or not. More details can be found here: A Y that's < $55k: Perf Y that's just over $55k: RWD Model 3 that's < $55k: AWD Model 3 that's < $55k.
What other benefits does this price decrease bring?
This price decrease brings a number of benefits, such as making the cars more affordable for those who are on a budget, and allowing more people to qualify for the $7,500 US tax credit. It also allows Tesla to compete better with other electric vehicle manufacturers in the US market.