Tesla’s Q4 2024 earnings call is behind us, and that means it’s time to look ahead to potential deals and discounts in Q1 2025. If you’re considering a Tesla, now might be a good time to buy.
Global tariffs are a significant factor in current financial news and could soon impact vehicle pricing. Since Tesla, like many manufacturers, sources parts internationally (including from Canada and Mexico), tariffs could increase prices, even within the United States. While tariffs on Mexico are currently paused, the situation remains fluid. It’s estimated that Tesla sources roughly 15-25% of its parts from Mexico, and a similar amount from Canada, making them susceptible to these changes. Price increases from Tesla and other manufacturers are anticipated.
Currently, Tesla is offering several discounts that can be used before potential tariff-related price increases take effect on 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.
