Tesla has recently made an exciting announcement that has captured the attention of both shareholders and fans. Amid discussions concerning the ability to freely transfer the Full Self-Driving (FSD) feature when purchasing a new vehicle, CEO Elon Musk has conceded to extending this benefit for another quarter. This means that Tesla customers can now transfer their FSD feature to a newly acquired vehicle until the end of September, a move that has been met with enthusiasm from the Tesla community.
In an effort to boost sales as the second quarter draws to a close, Tesla has decided not to increase the Annual Percentage Rate (APR) for the Model 3, instead opting to continue its promotional offer of 1.99% financing until June 30th. This strategic decision appears to be a transparent push to encourage sales at the quarter’s end and improve shipment numbers, which will be publicly reported soon.
The promotional financing rate, which was initially set to expire on June 16th, effectively reduces the monthly payment for a Model 3 by an estimated $200 from the earlier rate of 6.39%. This makes it an opportune time for potential buyers to consider a purchase.
Additionally, Tesla has made a price adjustment to the All-Wheel Drive (AWD) version of the Model 3 by removing a $250 order fee. While not a steep reduction, it still signifies an intent to make the Model 3 AWD more attractive to consumers, particularly since the high-performing Model 3 Performance version now stands at a similar price range to the Long Range (LR) AWD Model 3, after accounting for potential tax credits.
For those comparing the two vehicles, the Model 3 Performance offers a remarkable 510 horsepower and is seen as delivering a more sports car-like experience, with a monthly payment on a 60-month financing plan of approximately $815. In contrast, the Model 3 LR now has a monthly payment of around $793. The choice comes down to preference, whether it’s the additional driving excitement of the Performance version or the extra 40 miles of range provided by the Model 3 LR.
In keeping with the trend of making Tesla ownership more convenient, there’s also an option available for home charging solutions, such as the 80A Tesla Gen 2 Wall Connector with a 24′ cable, which can provide efficient charging for Tesla owners.
The recent announcements by Tesla highlight the company’s focus on creating appealing financial options for customers and improving the accessibility of advanced vehicle features. These moves come as part of Tesla’s ongoing efforts to maintain strong sales momentum and customer satisfaction.
For those interested in purchasing a Tesla, the current offers provide an excellent opportunity to acquire a cutting-edge electric vehicle with favorable financial terms, along with the added bonus of transferable FSD capabilities—a compelling proposition for both existing and new members of the Tesla family.
