Tesla has alerted customers about the imminent expiration of the $7,500 new EV tax credit and the $4,000 used EV credit, which will end at the close of Q3. As a result, EV companies are trying to make their vehicles more affordable. Tesla has implemented various incentives for Q3 deliveries, such as 0% APR financing and free upgrades, to stimulate early orders. CFO Vaibhav Taneja highlighted the urgency for customers to order early to ensure delivery by the tax credit deadline, as incentives will not be extended further during the quarter.
Tesla has rolled out numerous incentives for Q3 deliveries, including 0% APR on select purchases, lease deals, and free upgrades on certain inventory units.
The $7,500 EV tax credit will only apply to deliveries completed by the end of September, impacting many consumers' ability to purchase EVs.
CFO Vaibhav Taneja confirmed that Tesla's incentives for this quarter will not expand and urged customers to place orders soon to ensure timely delivery.
As the end of Q3 approaches, Tesla is working to encourage early orders due to a limited supply of vehicles available in the US.
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