Tesla (TSLA) is raising the discount, or price adjustment, on all Model 3 and Model Y vehicles delivered this month to $7,500.
As we previously reported, Tesla has been experiencing some unusual demand issues recently, particularly in the United States, due to unusual circumstances.
Tesla last delivered 200,000 vehicles in the United States years ago, which means the company is no longer eligible for the US federal tax credit for electric vehicles. However, Tesla buyers are expected to regain access to the incentive, worth up to $7,500, shortly.
Because the incentive is only valid until 2023, buyers must take delivery of their vehicles on or after January 1, 2023.
This situation encourages customers to postpone buying a Tesla vehicle in the US until after the new year. As Tesla does not permit customers to postpone orders to receive them the following month, we noted last month that it also contributed to an increase in cancellations.
Earlier this month, we discovered that Tesla began providing buyers with a $3,750 discount to address this problem. The amount was intriguing, given that it represents half of the $7,500 tax credit.
Later, the automaker also began giving customers who took December’s delivery 10,000 free supercharging miles.
According to sources familiar with the situation, Tesla has now given staff permission to increase the discount to $7,500 for Model 3 and Model Y vehicles supplied by the end of the month.
Tesla doesn’t offer discounts, according to Elon Musk’s infamous statement. The automaker, however, is referring to this as a price adjustment.
As we previously reported, Tesla intends to implement a hiring freeze and a new round of layoffs as investors grow more concerned following the stock price’s more than 60% decline this year.