Tesla has unleashed significant new discounts on its flagship Model S sedan and Model X SUV currently sitting in existing inventory across the United States, with savings reaching as high as $12,000. The move, spotted across Tesla's official inventory listings over the past 24 hours, signals a major push to clear out current stock ahead of potential updates and as the end of the quarter approaches.
The Discount Details:
- Model S: Inventory discounts are widespread, often ranging between $5,000 and $8,000 off the listed price. However, deeper cuts are available on specific configurations, with some examples showing savings exceeding $10,000 and hitting the $12,000 mark on higher-end Plaid models.
- Model X: Similar aggressive pricing is seen on the SUV side. Base Model X vehicles commonly show discounts around $7,000-$8,000, while Plaid variants and specific configurations are seeing reductions up to $12,000.
- Combined Savings: Crucially, these inventory price cuts stack on top of Tesla's existing referral program discount of $1,000. Furthermore, qualifying buyers can potentially combine these savings with the $7,500 federal EV tax credit, bringing the total potential price reduction to over $20,000 for eligible vehicles.
The Why Behind the Cuts:
Industry analysts point to several converging factors:
- Impending Refresh: Persistent rumors and sightings of potential Model S and Model X updates codenamed "Project Juniper" (for S) and an unnamed update for X suggest Tesla is preparing revised versions. Clearing existing inventory before introducing changes is standard industry practice.
- End-of-Quarter Push: Tesla is well-known for aggressive end-of-quarter delivery pushes to meet targets. Significant discounts on high-margin vehicles like the S and X are a powerful lever to drive immediate sales.
- High Inventory Levels: Reports indicate inventory levels for the S and X have been building, particularly for the Model X. These discounts are a direct response to move metal.
- Hertz Effect: The ripple effects from Hertz's decision to sell off a large portion of its Tesla fleet, primarily Model 3s but impacting the broader EV market perception and residuals, may also be playing a role in Tesla's strategy to maintain sales velocity on its premium models.
What This Means for Buyers:
For consumers in the market for a luxury EV, this represents one of the most significant discount opportunities on new Tesla's flagship vehicles in recent memory. While inventory discounts fluctuate regularly, the current depth and breadth are notable.
- Act Fast: Inventory moves quickly, especially with discounts this steep. Specific high-savings vehicles may sell within hours or days.
- Check Local Inventory: Discounts vary by specific vehicle configuration (trim, paint, interior, wheels) and location. The deepest discounts are often on less common configurations or vehicles in specific geographic areas.
- Tax Credit Eligibility: Remember the $7,500 federal EV tax credit has income and MSRP caps. For Model S and X sedans/SUVs, the MSRP cap is $80,000. Crucially, Tesla's inventory discounts apply before this cap is assessed. This means a Model S originally priced at $88,490 but discounted to $78,490 in inventory would qualify for the full $7,500 tax credit, significantly amplifying the savings. Always verify the specific vehicle's final price against the IRS requirements.
Where to Find the Deals:
The best place to track these real-time inventory discounts is directly on Tesla's official website. The inventory listings constantly update, showing available vehicles and their specific discounts.
For the latest details and analysis on these price cuts, see the report from Drive Tesla Canada: Tesla Slashes Model S and Model X Inventory Prices in the U.S. Following Refresh?
To browse available U.S. inventory and see the exact discounts near you, visit Tesla's official inventory page: Tesla New Inventory (Use the "Arrange by: Savings" filter).
The Bottom Line:
Tesla is making a decisive move to clear out its current stock of Model S and Model X vehicles. With discounts reaching up to $12,000, combined with potential referral savings and the federal tax credit, the effective price on a new flagship Tesla has dropped substantially. Whether driven by an imminent refresh, quarter-end goals, or inventory management, this creates a prime buying opportunity for those looking to get into a high-performance Model S or Model X at a significantly reduced cost. As always with Tesla pricing, the deals are dynamic, so interested buyers should act promptly.
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