If you want to take delivery of a Tesla Model 3 or Model Y between Wednesday and December 31, the EV maker says that you’ll get a $7,500 “credit” in addition to free Supercharging for up to 10,000 miles. I’m sure this has nothing to do with Tesla trying to hit a quarterly sales target or falling demand for Teslas.
The actual text of the two offers is:
Teslas were supposed to be eligible for a $3,750 tax credit starting in January thanks to the Inflation Reduction Act. But the U.S. Treasury Department said this week that it , meaning that cars not eligible for the full $7,500 tax credit, like Teslas, may temporarily be eligible for the full credit starting in January. (The rules on all of this are very much fluid, so talk to a tax professional before buying.)
What this may be is: Tesla knowing that its customers will be getting $7,500 off anyway in a couple of weeks and encouraging people who might wait to buy now instead. That would goose sales for 2022 a little bit more, and all the better for when Tesla announces its 2022 delivery numbers, which are already expected to be less than the 50% increase compared to 2021 that Tesla had previously said was its goal for this year.
It could also be: Demand for Teslas is down, and Tesla would simply like to sell a few more Teslas, which would make it like every other carmaker in the world, especially in December. Either way, the Model 3, on paper, starts at $46,990, though the cheapest Model 3 within 200 miles of me listed in Tesla’s online inventory is $59,490 at the moment, and at the moment I am in Southern California, where there are lots of Teslas.
The Model Y, meanwhile, starts at $65,990, and, in the same search, the cheapest is in fact $65,990, suggesting to me that there are plenty of Model Ys to go around, but not so many Rear-Wheel Drive Model 3s, if any. At any rate, it seems like it’ll be difficult to buy a Tesla for less than $50,000 in the near term, even with the discount.
All of this has made me more excited than ever to see Tesla’s full-year 2022 delivery numbers, which it’ll announce in early January. On a perhaps related note, Tesla’s stock is down almost 10 percent today as of this writing.