Tesla Increases Discount on New Model S & Model X in Inventory to $7,500

Image: Tesla

Tesla has increased the discount on all new Model S and Model X inventory to $7,500. With this move, the company will be able to stimulate car sales in the final weeks of Q2 2023.

Tesla is once again delighting its customers ahead of the end of the quarter. North American customers get increased stimulus to buy Model S and Model X vehicles. @SawyerMerritt/Twitter found that the company has increased discounts on new Model S and Model X in existing inventory by $2,500. This means that the previous $5,000 discount has now been increased to $7,500. In Canada, the incentive reached CA $10.000.

BREAKING: @Tesla has increased the discount on all new Model S & Model X inventory by $2,500 to $7,500 total (up from a $5k discount implemented a few weeks ago). pic.twitter.com/jQLIcPDtbE

— Sawyer Merritt (@SawyerMerritt) June 17, 2023

Such a stimulus increase is indeed significant and may encourage those who were on the fence to buy a car. The $7,500 incentive is also added to unlimited Supercharger charging for three years, according to Tesla's website. This stimulus will only take effect if the ordered vehicle is delivered by June 30. Obviously, such a move will encourage some customers to buy now, which will ultimately boost Tesla's Q2 2023 delivery figures.

A few days ago, the manufacturer announced it will give three months of free charging for Model 3 purchased from existing inventory. It could indicate that Tesla is aiming to achieve an increase in sales ahead of the end of the quarter. Such a move could also show that the company is in a rush to clear stock, possibly before deliveries of the updated Model 3 begin.

© 2023, Eva Fox | Tesmanian. All rights reserved.

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Article edited by @SmokeyShorts; follow him on Twitter

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