Will 0.99% come to Model S?

[Nb1277]

What do you think?

 

[fholbert]

What do you think?

I don't even know what you're asking?

 

[NeuroRad]

Doubtful.

 

[jjrandorin]

What do you think?

"No" (is what I think). That is, unless you can point to parking lots full of unsold model S vehicles that need to be sold.

 

[Nb1277]

"No" (is what I think). That is, unless you can point to parking lots full of unsold model S vehicles that need to be sold.

Serious question - was there massive Y inventory? I figured it was a production capacity - demand mismatch but didn’t realize anything so significant

 

[airborne spoon]

Ask an actual question people can understand, like WTF are you talking about‽

 

[TBrownTX]

Easy to understand question, and no, I don't think so.

 

[karkrazy]

No. Sales of the S/X doesn’t move the needle much, if at all. Miserly 4-5% of total sales YTD…

And Elon needs to sell as many cars as possible asap

Tesla Vehicle Production & Deliveries and Date for Financial Results & Webcast for First Quarter 2024

AUSTIN, Texas, April 2, 2024 – In the first quarter, we produced over 433,000 vehicles and delivered approximately 387,000 vehicles. We deployed 4,053 MWh of energy storage products in Q1, the highest quarterly deployment yet.

ir.tesla.com

 

[ucmndd]

No. S/X sales are a rounding error at this point. They don’t care.

 

[darkjedi]

I wouldn't hold your breath. Only time there might be some hope is likely fiscal year end.

 

[cwerdna]

Ask an actual question people can understand, like WTF are you talking about‽

OP is very likely asking about whether Tesla will offer a well below market interest rate on a loan on the Model S. https://www.tesla.com/ currently lists 0.99% APR which is well below market. Automakers/their financing arm offering below market rates is a form of incentive and enticement to get people to buy.

 

[terranx]

Serious question - was there massive Y inventory? I figured it was a production capacity - demand mismatch but didn’t realize anything so significant

Yes.

 

[TomServo]

The S/X are like Corvette's to Chevy, a HALO vehicle with a limited number built each year. So my guess is the best we can hope for might be a free bone like FREE paint every once in a while. They sell everyone they make as it is. We are considering trading UP to an LR S sometime in the next 12 months and are more interested in any UPGRADES they might introduce before we trade in our 2022 MYP.

 

[racerx2005]

What do you think?

No … you’ve got to pay up for premium models, so that Tesla can give .99% financing for the entry levels … it was part of Tesla’s plan all along.

 

[rjenson54]

Don't know but my guess is no. Model S is too small a percentage of overall production and sales.

 

[doug]

Nope

 

[DukeofURL]

Unlikely, but that would 100% motivate me to upgrade. Now I'm just in a wait-and-see kinda feeling. Every month I don't upgrade is better for my bank account, and worse for Tesla's

 

[CapeOne]

What do you think?

It wouldn't be unheard of for Tesla to offer lower rate financing on the MS, although maybe not 0.99%. A year ago, they offered limited time 3.99% APR financing on MS and MX models.

 

[terranx]

Not to mention they discounted the car by $20k and made colors free in one swoop due to declining sales. The car isn't enough of an afterthought for them to not want to move inventory.

 

[CapeOne]

The S/X are like Corvette's to Chevy, a HALO vehicle with a limited number built each year. So my guess is the best we can hope for might be a free bone like FREE paint every once in a while. They sell everyone they make as it is.

Similar can be said about other cars, eventually, but they get incentives. Tesla has hundreds of new unsold MS models in inventory right now.