Final day of additional discounts for Tesla Model S and Model X

It has been some time since Tesla surpassed the 200,000 delivery mark in the United States, resulting in the loss of the federal tax credit for electric vehicles for the company. However, it is expected that Tesla vehicle owners will soon regain access to the credit, which can be worth up to $7,500.

To be eligible for the incentive that will be available in 2023, customers will need to take ownership of their cars on or after January 1st of that year. This means that in order to qualify for the credit, customers must simply wait until tomorrow.

Due to this situation, potential buyers in the United States are encouraged to wait until after the start of the new year to make a purchase of a Tesla vehicle. It was previously reported that this has also led to an increase in cancellations, as Tesla is not allowing buyers to defer their purchases until the following month.

Earlier this month, it was reported that Tesla has started offering customers who purchase a Model 3 or Model Y a discount of $3,750 in an attempt to address this issue. The amount is significant as it represents half of the $7,500 tax credit available to electric vehicle buyers.

According to a source, Tesla is now offering a $7,500 discount on the Model S and Model X for new orders that can be delivered today or tomorrow. Previously, buyers of a Model S or Model X were only eligible for a free bonus of 10,000 free Supercharging miles, but did not receive a direct discount on the vehicle price.

Since their starting prices are higher than the maximum price allowed for sedans and SUVs, the Model X and Model S from Tesla will not qualify for the upcoming tax credit for electric cars. This means that the credit will not apply to these models, regardless of the planned tax credit for electric vehicles.

This shows that Tesla's demand issues go beyond the tax incentive. In other words, the company is facing challenges with customer demand that are not solely related to the tax credit available for electric vehicles. It seems that there are other factors at play in the company's struggle to attract buyers. However, there is only one day left in the year, and this discount only applies to the Model S and Model X, so it will not impact a significant number of deliveries.

At this stage in the quarter, Tesla is trying to sell off any remaining inventory it has. This type of activity, known as an "end-of-quarter delivery push," is a common practice that has been in place for a while. It involves increasing efforts to deliver and sell as many vehicles as possible before the end of the quarter.

Elon Musk, the CEO of Tesla, has acknowledged that this practice is not necessarily efficient, but it can make the company's balance sheet look better at the end of the quarter. Essentially, the goal is to sell as many vehicles as possible before the end of the quarter in order to boost the company's financial performance for that period. While this may temporarily improve the appearance of the company's financial position, it does not necessarily address any underlying issues with demand or sales.

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