"Tesla is offering 0% APR financing for up to 72 months on select Model Y Standard purchases and is also advertising the option to lease a Model Y without a down payment on its website. Buyers can also trade in a gas car to receive 2,000 miles of free supercharging, and Tesla is offering complimentary upgrades, including premium paint jobs, tow hitches, and 19-inch "Nova" wheels valued at up to $1,500 on select inventory vehicles."
"That's a tall order, with Tesla facing difficulties in all its main markets. The Cybertruck maker's sales have cratered in Europe amid backlash over Musk's politics. In China, Tesla has been squeezed by a wave of competition from local rivals. Tesla also faces major headwinds in the US after the Trump administration scrapped the $7,500 tax credit for new EVs in September."
Tesla has rolled out multiple year-end incentives in the US to accelerate EV sales, including 0% APR for up to 72 months on select Model Y Standard purchases and lease options without a down payment. Buyers who trade in gas cars receive 2,000 miles of free supercharging. Select inventory vehicles receive complimentary upgrades such as premium paint, tow hitches, and 19-inch 'Nova' wheels valued up to $1,500. The incentives aim to prevent a repeat of 2024's year-over-year sales decline. Sales challenges include political backlash in Europe, intense competition in China, and the loss of the $7,500 US tax credit.
Read at Business Insider
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