Tesla Model S and Model X Discounted By $7,500 and Offer Free Supercharging
For a while, it seemed like Tesla would never stop raising prices, but earlier this year, the numbers started falling. It appears Tesla isn’t done offering discounts, as it’s giving buyers up to $7,500 off Model S and Model X vehicles in its inventory and is handing out three years of free charging as a cherry on top.
Tesla CEO Elon Musk has noted that the company is ready to deliver more vehicles at the expense of profit as it looks to grow sales by 50 percent globally. The automaker often offers price cuts and bonuses as it nears the end of a sales quarter to boost numbers.
InsideEVs tracks Tesla pricing and shared that the Model S and Model X were already discounted by $5,000 a few weeks earlier, so this latest $2,500 bump adds to the price cut. The free Supercharging offer could be worth thousands, though it’s not like these discounts are making either EV particularly affordable.
The discounted Model S still exceeds $84,000, and the Model X reaches almost $93,000 after the discount. While both are positioned as premium EVs, the number of lower-cost options offering a similar experience is growing, putting pressure on Tesla to be more competitive on price. The good news for the automaker is that the Model 3 and Model Y both qualify for federal EV tax credits, making their far lower prices even more reasonable.
[Image: Tesla]
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Chris grew up in, under, and around cars, but took the long way around to becoming an automotive writer. After a career in technology consulting and a trip through business school, Chris began writing about the automotive industry as a way to reconnect with his passion and get behind the wheel of a new car every week. He focuses on taking complex industry stories and making them digestible by any reader. Just don’t expect him to stay away from high-mileage Porsches.
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I can see a few reasons for the price cut:
Make no mistake, they'll still be the #1 selling EV, but as of now the ICE masses (80% of the car market) see no reason to buy them and the rich have moved on to other toys. The fad has worn off a bit so they need to move some metal.
ToolGuy likes price decreases.
If someone can find me a 400 mile range car for around $80K, please tell me! If someone can find me a 400mile car with access to a supercharger network, please, please do tell. If someone can find me a 400mile car, with 6 years of free access to a supercharger network - all for just over $80K, don't wait, shout it out to me NOW!!!
I finally decided to bite the bullet and replace my 2015 Model S with a new 2023 Model S. I was able to get 3 more years (total of 6) of free super charging as I forfeited my unlimited super charging on my old S. For roughly the same price as what I originally paid for previous Model S, I get a car that has 80% more range, 5% less weight, 90% more horse power, double paned windows, adjustable suspension, vented seats, heat pump..... There are some changes in the new car that I do not like as much. The absence of buttons, stalks and vents are some, but I think I will get used to it. Thank goodness they got the steering wheel back!
I looked at Mercedes EQS and Lucid. Both have much better interiors, but are also far more expensive and dont have the supercharger network. I have 2 supercharger networks within just a 5 mile radius of my home. In contrast, there is just 1 Electrify charger within a 100 mile radius. It is not even a contest. The network is the car.
I do not use my level 2 charging at home. I have low cost subscription to level 2 charging at work ($50/yr), so I mainly use that. I do use a lot of supercharging as well, including those close to my home - it is free after all! About 65% is level 2 at work and 35% is level 3 supercharging. To reduce battery degradation, I usually charge to 80-90%, but yeah, I can imagine that excessive supercharging could accelerate battery degradation. After 7 years, I think I have lost around 7% of my battery capacity.
The Model S is not subject to any tax rebates, so not too sure about it being a "government" car.