Tesla Is Offering Some Big Discounts On The Model X And Model Y

Perhaps in a last-minute effort to bolster its 2024 sales, Tesla is offering some pretty big discounts on its current stock of vehicles. According to reporting by Forbes – piggybacking off of an X post from Tesla investor Sawyer Merritt – the company is offering deep discounts on its existing stock of new, pre-owned, and demonstrator vehicles, with some examples seeing their prices chopped by around $10,000.

Demonstration Derby

In a post on X, the social media site formerly known as Twitter, Merritt aggregated the company’s current discounts on its new vehicles. Buyers of a Model Y can get up to $4,280 off of their purchase, bringing the starting price down to $40,710 before any tax incentives. In one example, a Model Y Performance carries a price of $48,290 thanks to a $4,200 price adjustment (Tesla-speak for discount), making it a pretty impressive buy considering its 277-mile range and 3.5-second sprint to 60 miles per hour. Among the other discounts on new vehicles is a $5,300 price cut on the Model X and a $5,280 price cut on the Model S, while buyers and lessees of either the Model S or the Cybertruck Foundation Series will also get free access to the Supercharger network for life.

If, however, you’re willing to purchase a car with some miles under its belt already, Tesla has an array of demonstrator vehicles in stock, which are used at the company’s retail locations and local activations for test drives. One nicely equipped Model X seven-seater with an upgraded interior and cost-option paint carries an $8,940 price adjustment thanks to its 1,749 miles on the odometer, but at $78,050, it still seems like a decent deal – especially since the buyer would technically be its first owner, with all the warranties that implies. Forbes even found a Model X demo with a $9,230 price adjustment.

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There Are A Few Caveats

Tesla’s products traditionally enjoy a better price-to-range ratio than many of their competitors, and these year-end discounts are no different. However, the company has the unsavory distinction of being the most recalled automaker of 2024, and while many of those recalls had to do with relatively painless software updates, some of them represented significant safety hazards.

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Regardless, the automaker remains bullish about its future prospects. It was the most popular EV brand in 2023, delivering nearly 2 million cars last year. The proliferation of the iconoclastic Cybertruck should only help the company going into 2025 despite that vehicle’s recall woes.

Source:
Forbes
,
Sawyer Merritt