Tesla is increasing the discount or price adjustment to $7,500 for all Model 3 and Model Y cars delivered this month. We have reported that Tesla has been having some rare demand issues lately, especially in the United States. This is due to unique circumstances.
It has been years since Tesla hit 200,000 deliveries in the United States, which meant the company no longer qualified for the US federal tax credit for electric vehicles.
Tesla buyers will soon be able to access the incentive, worth up to $7,000. Buyers must take delivery by January 1, 2023, to be eligible for the incentive. This encourages buyers to delay buying a Tesla car in the United States until after the new year.
Last month, we reported that this also led to an increase in cancellations because Tesla does not allow buyers to delay their orders for next month. We learned earlier this month that Tesla began offering a $3750 discount to customers to help with this issue. It is half the $7,500 tax credit. This was quite interesting.
The automaker offered 10,000 supercharging miles for those who took delivery in December. Tesla staff has authorized an increase in the discount to $7500 for Model 3 or Model Y vehicles.
Tesla does not offer discounts, as Elon Musk famously stated. The automaker calls this a price adjustment. We reported that Tesla would implement a hiring freeze and a new round of demotions, following investor concerns after the stock dropped over 60% this year.