endofquarter

Tesla has announced that it will increase Model Y prices by $1,000 on April 1st, as a new end-of-quarter incentive. Tesla has been knowing to use “end-of-quarter incentives” to try to deliver as many vehicles as possible off of its inventory before the quarter ends. The automaker is incentivized to do so due to its direct-to-consumer approach, which differs from the franchise dealer model employed by most other automakers. With this model, Tesla owns all its vehicles from the moment it produces them…

Tesla has started discounting new inventory Model Y and Model 3 vehicles again in an apparent new end-of-quarter delivery push. While Tesla has historically often used price reductions as a way to create demand, but until recently, the automaker has refrained from straight discounts on vehicles. That changed when Tesla started discounting new inventory vehicles earlier this year. In recent months, prices have stabilized, and Tesla stopped offering discounts on new inventory vehicles. But…

Tesla’s new car inventory in the US has plummeted to a new low not seen since the beginning of the discounts as the automaker appears to successfully liquidate its inventory for the end of the quarter. Due to its direct-to-consumer model, Tesla manages inventory in a very different way than the rest of the industry. It can’t sell its inventory to third-party franchise dealerships and can only recognize revenue from vehicles sold once customers take delivery. It means that it needs to…

Tesla has added a discount to new inventory Model S and Model X vehicles and three years of free Supercharging for deliveries by the end of the quarter. With the end of the quarter approaching, Tesla is looking to deliver better-looking financial results by not ending it with many vehicles in inventory. To achieve this recently, Tesla has regularly applied special discounts or incentives to take delivery of new inventory vehicles by the end of the quarter. We reported that Tesla recently…

After sending untrained sales workers to work on vehicles amid a service crisis, we now learn that Tesla is bringing the workers back to sales for another end-of-quarter push. Earlier this year, we reported on Tesla CEO Elon Musk renewing efforts to improve the automaker’s service, especially in North America where many Tesla owners are experiencing long wait times to get their cars into service in some markets. Electrek exclusively reported that Tesla was launching a new effort to ‘revolutionize’ service with…

Elon Musk told Tesla employees to expect a “nutty” end-of-quarter delivery wave this quarter at a new company-wide meeting. The automaker has been trying to move away from quarterly delivery waves, but special circumstances made one inevitable at the end of this quarter. Tesla has been known to have intense end-of-quarter delivery pushes due to its distribution system, which is very different from other automakers that use third-party dealerships. Since Tesla sells directly to customers, the automaker owns the…