Tesla Inc (TSLA.O) has been a leader in the electric car market since its founding in 2003. However, the electric car market has become increasingly competitive, especially with traditional automakers producing their own electric cars. To entice buyers amid economic uncertainty, rising competition, and the upcoming redesign of its mainstay model, Tesla has doubled discounts on some already made new Model 3 electric cars and offered discounts on the Model Y and others in its U.S. inventory. In this blog post, we will explore these discounts and what they mean for prospective Tesla buyers.

One of the most significant discounts that Tesla has offered recently is doubling the discount on some already made new Model 3 electric cars. A Model 3 variant in inventory was priced at $42,060, a discount of $2,680 to the price of newly ordered cars, according to its website. That is double the $1,300 discount on Model 3 cars offered less than two weeks ago. This move may be an attempt to clear inventory of these models, especially since Tesla is planning to redesign the Model 3 for 2022.

Tesla has also resumed discounts on some Model Ys of nearly $600 off each. While this discount may be lower than the discount on the Model 3, it still represents a good deal for buyers. Discounts on these vehicles may mean that Tesla is trying to boost Model Y sales, which have been lower than expected compared to the Model 3.

In addition to these discounts, Tesla offered steeper discounts of $6,330 and $5,000 on some higher-priced Model X and Model S vehicles, respectively. These discounts may indicate that Tesla is trying to move its higher-priced models and focus on increasing sales of lower-priced models.

It is worth noting that these discounts do not apply to all Tesla vehicles. Tesla has stated that these discounts apply only to cars that are already in its inventory. If you want a customized vehicle, you will not receive the same discounts.

Furthermore, it is important to note that buying a Tesla comes with additional costs beyond the base price of the car. These costs may include taxes, delivery fees, and charging installation. As with any major purchase, buyers should do their own research and calculate the total cost of owning a Tesla before making a decision.

In conclusion, the discounts that Tesla is offering on its inventory of Model 3, Model Y, Model X, and Model S vehicles represent a good deal for prospective buyers. However, it is important to do your own research before making a decision and to calculate the total cost of owning a Tesla. These discounts may also indicate that Tesla is trying to boost sales of lower-priced models and clear inventory of vehicles that are scheduled for redesign. Regardless of the reasoning, these discounts represent a good opportunity for those interested in owning a Tesla.