Tesla Has No Incentives for Any Models in June Yet – Are They Coming Soon?

After the 0.99% loan APR ended on May 31st, 2024 for the Model Y, Tesla has been silent in the US market with no new loan interest incentives or price discounts.

Historically, Tesla has promoted special offers such as inventory discounts, low loan interest rates, free supercharging, free color options, referral programs, and various other promotions to boost sales. These incentives are typically most substantial during the final month of each quarter.

Following disappointing first-quarter delivery results in 2024, Tesla needs a strong second quarter to prevent further declines in its stock price, which has already dropped over 30% year-to-date.

Current inventory levels for the Model S, X, and 3 are rapidly increasing. Notably, the Model X inventory has surpassed that of the Model Y and has even exceeded last September’s levels, which led to significant price cuts.

Given Tesla’s practice of reporting delivered cars within the quarter, we expect new incentives soon to encourage sales. If Tesla wants customers to take delivery of their cars within second quarter, they should launch new incentives on their inventory as soon as possible.

What are your thoughts? Are you waiting for incentives? What kind of incentives are you hoping for?

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