Tesla is already offering low 1.99% financing on six-year loans for customers looking to buy the $48,990 long-range, all-wheel-drive Model Y, the series production version of the newer car that debuted in early April. Gone are the days when Tesla had to keep hiking prices to avoid being hopelessly swamped by demand. Now CEO Elon Musk has to fight for every new customer.
Just weeks after the launch of the Model Y refresh, a slightly newer version of the five-year-old crossover, Tesla informed buyers on Sunday they can already have the car at a discounted financing rate. Interested buyers can qualify for a six-year loan at 1.99% if they put down $3,999 for the purchase of a long-range all-wheel-drive version. By contrast, financing rates for some of Tesla’s upscale models top 6%.
Don’t live in the US, but you’d probably have to pay me to be seen driving one of those. I can afford not to and dignity has a price
I’m constantly floored that institutional investors are keeping the TSLA stock price from cratering. They dont think of the pressures on the brand like we do. I think they are pricing in future patronage by trump.
Just seeing a Tesla reminds me of the arrogance of musk saying he “deleted” jobs. The choice of words tells you what he thinks of us.
Eff him. Never again.
Yep, he killed the brand. He probably doesn’t care in the end. But everyone working for Telsa will.
If Musk really cared about Telsa he would have never sided with a Republican lol.
Same. I look at all them in disgust.
$3k, $5k, $20k. What’s democracy mean to you?
I say let’s make him the next Juliani.
A swastikar will park in front of my house when I get groceries on Sunday and I HATE IT. I don’t want anyone thinking that’s our dumpster or going to vandalize it and accidentally hit my sweet cute lil car. 🤬
50k is way too expensive for a car in 2025.
BYD sells theirs for 12k.
Bring them to the US or compete you fucking nepobaby fascists.
I mean… if you want a 12k car you can have a 12k car, but don’t expect it to be as good as a 50k car, even if the 50k car is only as good as a 40k car.
Edit: But also the new Y RWD is going for like 38k after rebates, so it’s not even a 50k car.
A Tesla probably has more issues out of the factory than my 2001 RWD Toyota Tacoma which is rust bitten because it was owned by a water company on the coast. That is to say a Tesla is barely worth its weight in scrap.
28k value at best. It’s a damn Tesla not some spaceship with the ability to be your housewife.
You think a Tesla is only as good as top trim Corolla sedan?
Edit: To be clear, I’m not knocking the Corolla, it’s a great car.
Well the Corolla will be built better, for sure.
What can a Tesla do that a BYD can’t?
OP was talking about a 12k BYD vehicle.
If you want to get a similarly priced BYD you can get similar features, but in terms of that 12k car OP wants
A model 3/Y has
bigger battery (more range)
better sound system
more HP/Torque
more storage capacity
more airbags
multi zone climate control
bigger touch screen
I’m sure the list goes on and on. You get what you pay for.
Edit: I think the BYD Seal is the model 3 competitor in price/features.
Lol
No thanks Leon Hitler, you can shove your vehicles where the sun does not shine. I will stick with my Leaf and it will not burn down my garage.
Offering low interest rate finance is not a “discount” lol
Yes it is. Low interest rates are literally a discount on high interest. Lower interest reduces the overall cost of the loan by a shitload.
Interest is an increase in price*. Lower interest isn’t a discount, it’s a smaller increase. Calling it a discount is like punching you instead of stabbing you and calling it nonviolence.
*In exchange for better payment conditions, but that’s not relevant to the point.
I’m really not sure you understand how discounts work. Or interest rates.
Tesla’s do not come with interest. Interest that you get by taking out a loan to purchase one is a price increase. You’re paying more. A lower interest rate doesn’t mean you’re getting a discount, it just means that you’re only paying a smaller amount increase. The car itself is still the same price it was before - what is changing is how much extra interest you’re repaying on top of the cars price. The interest isn’t on the car’s price, it’s on the amount of money you borrowed.
You’re just playing semantics. Lots of customers finance cars. Before the “discount” they had to pay $X/month, now they pay $(X-discount)/month. They literally pay less each month because of the discounted, subsidized rates. It’s a discount for folks that finance through Tesla. I’m not sure why you think you’re the only person that understands the simple concept of interest here. You’ve just decided that the definition of discount only applies to MSRP arbitrarily. Is a point of sale tax credit not a discount either?
The only reason I’d be caught driving a tesla is if it had a completely true bumper sticker that said “I bought it after he blew his brains out.”
“car company discounts car” is not a news story. “Fucking Nazi car company discounts car” sort of is.
new headline:
“proven nazi, elon musk, discounts overpriced cars to make people forget he’s a nazi”
But they didn’t discount the car, just the finance rate, so yeah, not a news story.
People that finance literally will pay less each month for the car. I don’t understand the semantics game here to avoid calling this a “discount”. If you pay less each month it’s ok to call it a discount. I’d argue neither scenario justifies a news story, but the Tesla demand cliff is trendy (justifiably so of course, fuck Nazis) so here we are.
If they use in-house financing (which most car companies do) they’re still losing money overall. And it is indicative that they’re feeling the squeeze so that’s nice to know.
It’s actually kind of tragic. Tesla would have been, no, should have been a key domestic EV maker. They should have been our global offering in a strategically important industry. But instead, they’re rapidly becoming a pariah. And it’s all because of one man. One terrible, terrible man.
This is a very, very important lesson that America MUST learn: just because someone is rich, that does not mean they are smart, or good, or trustworthy. Personality matters, a lot. I am certain that if Martin Eberhard and Marc Tarpenning could go back, they would tell Mr. Musk “no thank you, we’re not interested in your investment,” even though they really needed the money. It wasn’t worth it, it came with strings attached. Within just a few years of taking Musk’s money, both men were forced out of the company, and Musk was well on his way to convincing millions of Americans that we was a super genius who singlehandedly invented the electric car.
In this country, we have not only tolerated megalomaniacal narcissists like Musk, we’ve celebrated them. That has to stop. Look at where it has gotten us. One of them is president now! If we don’t learn from this, and start to see men like Trump and Musk as the disease that they are, we are doomed. If we don’t get these men under control, they will control us.
I think the education needs to go further. Being billionaire rich is in itself a huge red flag; and people having this much money should immediately cause people to distrust them on every level because nobody gets that rich from honest work, from paying their employees fairly, from caring about the environment and general wellbeing of mankind.
Being a billionaire should disqualify people from owning and/or having shares in any economical sector deemed essential to societal wellbeing, not to mention from holding any kind of public office or even from exercising any kind of political agenda at all. They’re rich, they don’t need representation. They actually can take care of themselves.
australia has the opposite in many ways… we have a thing called tall poppy syndrome where we internally believe everyone should be equal so much that we sometimes tend to tear people down for doing better than others
a middle ground would be nice
You have to KEEP TEACHING the lesson. Because when you’re 25 years older, and kids are just coming into the world, they don’t ‘get’ how bad it is. They just hear it. I heard all about how WWII went, who was bad who was good blah blah.
Look now, we have Gaza. Look now, we have Trump. AfD in Germany.
Where do you think we failed (globally)? Like, how have we (seemingly) made a 180 in just under 100 years?
Capitalism
He also forced some dumb features in the electric car…like the stupid door handles, and lack of buttons.
Full “self” driving that only uses cameras and nothing else such as radar/lidar.
“delete!”
just because someone is rich, that does not mean they are smart, or good, or trustworthy
The richer someone is seems to correlate with the absence of one or more of those traits.
Don’t need to be smart to be born into money, which is where basically all the richest have come from.
Don’t need to learn to treat people with compassion if you can afford to entirely opt out of public society
Don’t need to be trustworthy if you have enough to pay people to be around you.
Past a certain bank balance, a person loses their humanity.
Except Tesla never made good cars. It was always clear that real car manufacturers will learn to make good EVs before Tesla learns to make good cars. For some time Tesla was supported by fans who could ignore major design flaws and investors looking for short term profits. Long term best case scenario for Tesla was always to just become another, normal car maker.
For a brief window Tesla was the only company making a “good” EV in that all their competition was making cars with sub 150 mile range (sometimes significantly so). Teslas have always been bad cars, but they were the best EV. Then all the other manufacturers finally got the memo that they couldn’t keep ignoring the EV market and grudgingly made decent EVs which almost by default made Tesla the worst EV on the market.
The fact he dismantled all the agencies overlooking tesla safety weighs in to his overtime fascism.
Even if replaced as CEO and fully diverted from Tesla, I don’t think I could trust their safety going forward.
I wouldnt drive a Tesla if they paid me to drive it.
better a broke bitch than a fascist
Yeah bruh, I am in the market for an EV to replace my old Camry. Zero chance I’d ever look at Tesla. Zero.
We just got a good deal on a used Kia Niro EV. Pretty happy with it so far.
Toyota makes excellent EVS. Also the Hyundai Ioniq 6 looks pretty hot.
I’m trying to buy a car, Tesla hasn’t been on the list for good reasons. A Kei truck is very tempting.
I dislike Slate based solely on the fact that their video has appeared at the top of my YouTube home page several times, even though I generally don’t interact with videos about cars.
Point taken but it reminds me of an old proverb: hate not the player, as the game is that which should be despised.
I appreciate that it’s the first different take on an EV or cars in general since, well, Tesla? The customizability options, low starting price, and they’ve done some fun marketing stunts so far. There may be plenty of reasons to be skeptical about it and perhaps it’ll even flop or be ghostware, but (the option for) a non-fastback crossover SUV with physical buttons has me, again, hopeful.
