Tesla Sparks Sales Surge with Price Plunge on Model S, X

As we approach the end of the second quarter, Tesla ramps up its game, dishing out an array of attractive discounts on select inventory vehicles. Among these offerings, the price tags on Model S and Model X cars have plummeted by a notable $7,500. Add to this the pre-existing offers of an additional $1,000 off using a referral code, three free months of Full Self-Driving, and a whole three years of free Supercharging. This brings forth a tantalizing package of incentives on two of the highest-performing EVs today.

Inventory vehicles under Tesla encompass brand new models straight off the production line as well as service loaners and demonstration cars. Vehicles clocking a few miles even qualify for a larger discount. Interestingly, despite being pre-owned, these inventory models receive equal treatment as brand-new custom-ordered vehicles in terms of warranties and tax credits.

Here’s the rundown: With this newly announced discount, you can drive home a Model S AWD for $83,490, or if speed is your thing, a ludicrously swift Model S Plaid for $101,490, referral discount included. Fans of the Model X’s added size, utility, and ride height can snag a Model X AWD for $92,740 after applying the referral discount. A $6,000 discount, a combination of a $5,000 inventory discount and $1,000 referral discount, applies to the Model X Plaid, pegging it at $103,990 after the referral bonus.

While the Model S and Model X are priced above the threshold for federal tax credits, all Model 3s and Model Ys qualify for the full federal tax credit. For the Model 3, the inventory discount ranges from $2,410 to $3,190, depending on your chosen option.

Earlier this month, Tesla announced that all versions of Model 3 and Model Y are eligible for a full $7,500 tax credit for qualifying buyers. Combined with state incentives in select areas, this brings the net price of a Model 3 below $30,000 for many U.S. buyers. Three months of free Supercharging and 1,500 Reward Points serve as cherries on top, further reducing the actual ownership cost.

3 Years Free Supercharging – Customers who order and take delivery of a new Model S or Model X vehicle between April 20, 2023 and June 30, 2023, are eligible for unlimited three years of free Supercharging on their new vehicle. Free Supercharging is tied to your Tesla account and cannot be transferred to another vehicle or person in case of an ownership transfer. Tesla does not guarantee vehicle availability or delivery by June 30, 2023 and will not grant exceptions. Used vehicles, business orders and vehicles used for commercial purposes are excluded from this promotion. Promotion is subject to change and cannot be combined with other promotions.

Bear in mind, these offers are liable to change and most are set to expire on June 30, 2023. Tesla frequently adjusts its pricing to balance supply and demand. The Model Y, Tesla’s most popular model, has seen multiple price reductions this year and is currently available with a modest inventory discount of about $500. Buyers using a referral link or code can also earn 1,500 Tesla Reward Points.

With the Model Y already fulfilling Elon Musk’s prediction as the world’s top-selling car in Q1 this year, these competitive discounts and incentives on the Model 3, Model S, and Model X suggest a likely surge in Tesla deliveries this quarter.