Tesla introduced aggressive incentives to boost year-end sales figures. The company offers 0% APR financing for up to 72 months on both the Model 3 and Model Y.
For the Model Y, Tesla provides $0-down payment leasing options. Additionally, the automaker promotes free upgrades on select inventory, including premium paint colors and wheel enhancements.
This strategy follows a decrease in sales across several key global markets. Tesla seeks to regain consumer confidence and address challenges posed by the increasingly competitive electric vehicle landscape, where more manufacturers offer a wider variety of competitively priced EVs.