Tesla Drops Prices Up to 30%

If you're in the market for a new electric vehicle, now looks like the best time to purchase a Tesla, especially the Model Y. Earlier this month, Tesla reduced prices by up to 20% (30% including EV tax credit) in order to help vehicles qualify for federal tax credits and also increase demand as they ramp up their factories.

These reduced prices may not last long because of a current loophole in the federal EV tax credit, which allows all vehicles meeting a price threshold to qualify for the full $7,500 rebate. In March, many vehicles including Teslas may not qualify for the full credit once battery sourcing requirements take effect. Therefore, there is a good chance Tesla may increase prices and/or the federal tax rebates may be reduced.

On January 12th, Tesla cut the price of the Model Y Long Range from $65,990 to $52,990, a whopping $13,000. When you include the $7,500 tax credit the Model Y now qualifies for, you're looking at a 30% discount off MSRP compared to just a month ago. (Note: Tesla just raised the price of this Model Y by $500 this week, further proof that prices may rise as time goes on).

New Tesla Discounts

In my opinion, Teslas are by far the best electric vehicles in their class. I've owned a Model 3 for almost 5 years now and can honestly say it's the best car I've ever owned.

There is basically zero maintenance, the vehicle software and user interface is the best on the market, autopilot is awesome, Tesla's charging network is far better than any other network (long road trips in any other EV are terrible), and best of all, you can buy the vehicles online, no scammy dealers - everyone pays the same price! And now with the reduced prices, there's really no reason to consider the competitors, check out the prices and comparison table below:

Tesla Compared to the Competition