Tesla Incentives Are Ending Soon: What You Need to Know
Hey everyone, DennisCW here! If you're in the market for a Tesla, you might want to sit up and pay attention because big changes are coming. In my latest video, I broke down the recent announcements from Tesla execs about incentives rolling back on a weekly basis. It looks like the era of crazy deals is winding down, and this could be your last chance to lock in some sweet perks. Let's dive into the details and what it means for you.
The Scoop on Tesla's Incentive Rollback
Tesla has been dropping hints—and now confirmations—that their incentives are starting to phase out. According to Tesla exec Raj, the free Supercharging offer for cash orders on the Model 3 in the US is being removed "very very soon." This makes sense because most folks are opting for leasing or financing to snag that $7,500 federal tax credit, especially with low APR options like 0% or 2.49% on the Model 3.
But it's not just Supercharging. APR incentives in the US will be gradually phased out on a weekly basis for new orders. Saw from Tesla echoed this, noting that Model Y and Model 3 incentives will phase out weekly. The reason? Tesla is seeing strong demand right now, largely driven by the federal EV credit expiring on September 30th. To qualify for that $7,500 credit, you need to take delivery before the deadline— so if you're on the fence, time is ticking!
What else could disappear? We're talking potential cuts to things like:
- The Tesla referral discount (don't forget to use mine in the description for 3 months of Full Self-Driving!)
- Free Full Self-Driving transfers
- Attractive lease payments (e.g., Model Y leases might jump from $399 to $459)
- Other perks like free Supercharging or upgrade offers
Cybertruck incentives are likely safe for now since demand is high, and Tesla won't touch Model S or X—they need to move those units. But for Model 3 and Y, demand is solid, so Tesla feels confident pulling back.
Why This Matters: Should You Order Now?
With delivery times at 3-5 weeks, placing an order soon could lock in current rates and incentives before they worsen. If you're waiting for the tax credit to end, you might miss out on low-interest financing or other deals. On the flip side, post-September prices could drop, but it's a gamble.
Essentially, there are two camps right now:
- Those rushing to order and secure the tax credit + incentives.
- Those waiting it out for potential post-credit deals.
What's your plan? Drop a comment below—I'm curious to hear if you're jumping in now or holding off.
And if you're financing, protect your credit first! Speaking of which...
Sponsor: Protect Your Identity with Aura
Before you apply for that Tesla loan, make sure your credit is secure. Bank of America recently had a data breach and didn't notify customers for a month—your info could be out there without you knowing. Most companies take an average of 277 days (that's 9 months!) to report breaches.
That's why I use Aura, today's sponsor. Aura scans the dark web for your personal info—like your social, bank details, or email—and alerts you immediately. Plus, it reduces spam calls, removes your data from shady broker sites, and includes $5 million in identity theft insurance. All in one easy app!
Try Aura free for 14 days at aura.com/denniscw (link in the description). Don't wait until it's too late—protect yourself like I do.
Final Thoughts
Tesla's incentive rollback is a clear sign of confidence in their demand, especially with the tax credit deadline looming. If you've been eyeing a Model 3 or Y, now's the time to act. Use my referral code for those extra perks, and let's chat in the comments about your Tesla plans. Thanks for reading—stay charged!
Don't forget to subscribe to my channel for more Tesla updates, and hit that like button if this helped!
#Tesla #EVIncentives #Model3 #ModelY
