After offering a $7,500 delivery discount in the U.S. for Model 3 and Model Y in its Q4 year-end push, Tesla has now reportedly extended this offer to its flagship Model S and Model X.
Update: Tesla’s website has been updated and this discount has been confirmed. “Take delivery of limited local Model S and Model X new inventory now through December 31 for $7,500 credit and 10,000 miles of free Supercharging,” reads the Tesla website. There’s also a $10,000 CAD discount for Model S and Model X in Canada.
That’s according to an unnamed source speaking with Electrek, which says the $7,500 price cut for Model S and Model X is only good for Friday and Saturday, the final 48 hours of 2022.
As of writing, there’s existing 2022 Model S and Model X inventory available in the U.S. (including demos), starting from $99,130 USD and $122,990 USD respectively. Tesla’s website has yet to be updated to indicate the $7,500 discount, but the free 10,000 Supercharging miles perk is listed:
Here’s existing Model X inventory as of writing:
So this means you could buy a Model S demo from $91,630 USD or Model X from $115,490 USD with the existing inventory noted above.
The Model S and Model X were previously offered the free 10,000 Supercharging miles incentive, but no discount on the cars. There’s also a $5,000 CAD discount on Model 3 and Model Y in Canada, to go with the free Supercharging perk, which is also available in Europe.
The $7,500 discount mirrors what eligible Tesla and other EV customers can apply for with their 2024 tax return in the U.S., as part of an upcoming federal EV tax credit. But only Tesla Model 3 vehicles and the 7-seater Model Y are eligible, and there are income limits for both individuals and couples. The Model S and Model X do not qualify for the U.S. federal tax credit.
This last-minute price cut is likely Tesla’s push to sell all final Model S and Model X inventory to push up its 2022 total deliveries. Tesla’s goal of increasing annual deliveries by 50% or so, should be at 1.125 million, instead of current expectations of 1.4 million, as detailed by @TeslaLarry.
In 2020 Tesla delivered 353 cars short of the 500,000 goal they had set for themselves in 2014, a goal considered impossible by critics and analysts alike. With this milestone behind them, they set themselves a new, and equally challenging goal 🧵
— Larry Goldberg (@TeslaLarry) December 29, 2022
Tesla will likely share its final Q4 production and deliveries on January 2, 2023.
