Elon Musk’s Tesla Inc. has announced a set of new offers on various vehicles in its lineup as the EV giant grapples with lackluster sales figures in the U.S.
What Happened
The EV giant took to social media to announce a new offer on Tesla vehicles in the U.S. The company stated that up to $10,000 in interest on auto loans is now deductible. This offer can be availed on top of the $7,500 EV credit that’s valid until September 30.
Key Offer Details
- Up to $10,000 in interest on auto loans is now deductible
- Offer can be combined with the $7,500 federal tax credit
- Applies to various Tesla models, including the Model 3, Model Y, and Cybertruck
New Incentives for Tesla Models
The company is also offering other incentives for customers on vehicles like the Model 3, Model Y, and the Cybertruck. These incentives include:
- Cybertruck: Free 20” wheel upgrade on lease purchases
- Model Y: Free upgrade on eligible new inventory, 3.49% APR, and lease starting from $349/month
- Model 3: Free upgrade, 18 months of free supercharging on cash purchases, and 0% APR for up to 60 months with the purchase of FSD (Supervised)
Why It Matters
The news comes as the EV incentives, like the $7,500 federal credit on electric vehicles, were axed by the Trump administration. Despite this, Tesla sales are still down in the U.S., with a 6% year-over-year decline in domestic sales. However, the company remains the segment leader with a 44% market share.
Recent Developments
Tesla has recently entered the Indian market with the Model Y, priced at $70,000 in the base-spec Rear-Wheel Drive trim. The company also released data showcasing a better-than-expected performance in Q2 2025, with 384,212 deliveries driven by the Model Y and Model 3.
Conclusion
Tesla’s new offers and incentives aim to boost sales in the U.S. market, which has been affected by the cancellation of EV incentives. With its competitive pricing and features, Tesla remains a leading player in the electric vehicle market.