With the Q4 2024 earnings call completed, it's time to look forward to Q1 2025 - and that also means new discounts and deals from Tesla. If you’re in the market for a Tesla, now may be a great time to order one.
Tariffs
Whether you’re in North America, Europe, or the Asian-Pacific, tariffs are the line item in financial news lately. As such, if you’re planning to get a new vehicle, it may be best to buy it soon, as tariffs could have a heavy impact on Tesla’s prices, even within the United States.
Like most large manufacturers, Tesla sources parts for its vehicles from several countries. This means that its vehicles will be impacted by tariffs targeting Canada, Mexico, and potentially other countries. While the tariffs for Mexico have been paused for a month, it seems like all of this could change at a moment’s notice.
Tesla sources ~15-25% of its vehicle parts from Mexico and likely an equivalent but undisclosed amount from Canada for its entire vehicle line-up, which means it will be impacted by tariffs.
We expect Tesla and other manufacturers to increase vehicle prices, potentially globally.
Discounts
Tesla is offering several new discounts to take advantage of, which you can use before the tariffs begin impacting prices by Tuesday, February 5th.
Lower Lease Prices
Tesla has reduced lease pricing for several vehicles in its lineup. Tesla also recently introduced the ability to buy out the lease in the future, giving you added flexibility. These leasing deals are only available in the United States.
Cybertruck AWD: $749/mo (down from $899/mo)
Model 3 LR RWD: $249/mo (down from $299/mo)
Model 3 LR AWD: $349/mo (down from $399/mo)
Referrals
Tesla is now offering buyers in the United States only a $2,500 USD discount on all versions of the Model 3 when using a referral code. This only applies to the new Model 3, which is one of Tesla’s best vehicles. Other vehicle discounts when using a referral code remain at $1,000 off.
The referrer bonus remains at $500, regardless of which vehicle the buyer orders.
Free Wrap for Cybertrucks
Tesla has opened up a lot of demo unit Cybertrucks - mostly the Foundation Series. All these vehicles are being provided with a $1,000 to $2,000 discount and are also eligible for a free wrap with XPEL Vinyl - of your choice - in both Canada and the United States. The XPEL wrap offer is available until March 31st, 2025.
This is likely one of the last chances to get into a Foundation-Series Cybertruck, so now is your opportunity if you’re interested in getting a fully loaded vehicle. While Lifetime Supercharging is gone, the XPEL wrap may be an even better deal if you don’t plan on traveling much with your Cybertruck.
It looks like Tesla is starting off 2025 the way they ended 2024, with a ton of attractive promos. If you’re interested in the Cybertruck or the new Model 3, these offers may be hard to beat.
