As a company, Tesla has seen a decline in global sales and Elon Musk at the helm of the company is trying to induce people to buy cars by offering them incentives. Some of the guarantees that Tesla is now offering in a bid to boost sales include zero interest loans and a lifetime free Supercharger. As reported by Autoblog, Tesla is now offering a 1.99% interest rate loan for Cybertrucks financed through Tesla. Furthermore, Tesla is giving free Supercharger access for the entire life of the vehicle, which will save the owner a lot of money on charging. Among Tesla’s 60,000+ Superchargers around the world, it takes just 15 minutes to charge a Tesla for up to 200 miles, making this a very compelling offer.
To purchase the Cybertruck, the company is offering a 1.99% interest rate on loans for Cybertrucks financed through Tesla. In addition, for buyers, Tesla is offering free Supercharging for the vehicle for the entire life of the vehicle, which is a great advantage in terms of future costs. The company’s 60,000+ Superchargers, around the world, can charge Teslas up to 200 miles in just 15 minutes, making this a highly attractive incentive.
For buyers of the Model 3, Tesla is offering zero percent interest loans to those eligible for a $7,500 federal tax credit. Customers with credit scores of 700 and above, according to Tesla, are termed as ‘well qualified’ and can avail these financing options. If a buyer decides not to claim the tax break, then he or she can still get a 0.99% loan, which is in line with Tesla’s price marketing strategies.
These incentives come at a time when Tesla faces widespread backlash, with some owners placing stickers on their cars stating, “I bought this before we knew Elon was crazy.” In addition, Tesla showrooms have been vandalized and set on fire lately as the public opinion shifts.
The sales of Tesla’s cars plummeted by 76% in Germany, 48% in Norway and Denmark, 55% in Italy, and 66% in Australia. On the other hand, sales of Chinese-made Teslas decreased by 49% owing to competition from other Chinese automakers.
While fighting the trend of decreasing sales, these financial measures show that Tesla is fighting to keep its position as the leader of the EV market.
