To further stimulate demand in the U.S. electric vehicle market, electric car maker Tesla is offering an additional $7,500 discount for owners who pick up their Model S and Model X in the last two days of 2022. This year, Tesla has already delivered 200,000 units in the U.S. market, meaning the company is no longer eligible for the current U.S. federal electric vehicle tax credit this year.
Since the new U.S. electric vehicle tax credit will not take effect until January 1 next year, buyers of Tesla’s Model 3 and Model Y electric vehicles will need to pick up their vehicles next year to continue to receive the price break.
This situation has prompted many buyers in the U.S. market to wait until after the New Year to consider buying a Tesla electric car, resulting in many buyers canceling existing orders. Because Tesla does not allow buyers to delay the pickup of the car.
Earlier this month, Tesla began offering a $3,750 discount for buyers of Model 3 and Model Y cars to address the problem, which is half of the $7,500 tax credit offer.
Now Tesla is also offering a $7,500 discount for Model S and Model X owners who pick up their cars in the last two days of the year, according to people familiar with the matter. Previously, Model S and Model X buyers could only get 10,000 free Supercharging miles instead of a direct discount.
In fact, Tesla’s limited-time offer for the Model S and Model X is unrelated to the new U.S. federal electric vehicle tax credit incentive, as both the Model X and Model S start at more than the maximum suggested retail price for an electric vehicle and are not eligible for the tax credit incentive.
Since this limited-time offer is only available for two days and only for the Model S and Model X, it will also not have much of an impact on the company’s total deliveries.
Tesla is trying to clear all of its inventory at the end of the quarter, a practice often referred to as the “end-of-quarter delivery wave.
The company’s CEO Elon Musk admitted that the practice isn’t really working, but it will make the balance sheet look a little better at the end of the quarter.
