New Discounts on 2024 Cybertrucks

[Chris Jeorghes]

That $69,600 price probably includes 5-years of fuel savings.

You can order a freshly assembled 2025 Cybertruck for $71,490 with a $1k referral code and the $7500 tax credit.

That is correct, $75100 before gas savings. But it qualifies for 7500$ tax credit. So it is $67,600 after tax credit. Still a good deal ?

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[voxel]

That is correct, $75100 before gas savings. But it qualifies for 7500$ tax credit. So it is $67,600 after tax credit. Still a good deal ?

Plus $1995 destination fee.

it’s about $3K cheaper than in Dec where the referral discount was $2K.

I’ve been suffering health issues and barely drive these days so I sold two of my cars. One of which was the leased CT AWD. CarMax offered $71K. I sold for a tad more than that to a dealer. Tesla’s dynamic pricing matches real world values. I will get another CT probably late fall if I recover by then. The CT is an amazing vehicle.

 

[Chris Jeorghes]

Plus $1995 destination fee.

it’s about $3K cheaper than in Dec where the referral discount was $2K.

I’ve been suffering health issues and barely drive these days so I sold two of my cars. One of which was the leased CT AWD. CarMax offered $71K. I sold for a tad more than that to a dealer. Tesla’s dynamic pricing matches real world values. I will get another CT probably late fall if I recover by then. The CT is an amazing vehicle.

sorry to hear. hope you recovers quickly. Today referral discount was $1k. I just need someone to refer me?

 

[voxel]

sorry to hear. hope you recovers quickly. Today referral discount was $1k. I just need someone to refer me?

It's not life threatening but I am unable to sit in upright positions for more than 15-20mins so driving is just... painful.

There are plenty of YouTubers with referral links but if you need one here's mine - ts.la/nelson63006

 

[Mini2nut]

No need to watch a YT video for a $1,000 CT referral discount code.

https://ts.la/dave38815

 

[happy intruder]

In California, Tesla Inventory is now showing increased discounts on 2024 Cybertrucks.

Foundation Cyberbeast: $6,000 off, now $113,990
Foundation AWD: $5,000 off, now $94,990
Non-Foundation Cyberbeast: $5,000 off, now $94,900
Non-Foundation AWD: $4,000 off, now $75,940

The "Complimentary Wrap" offer is still available for FS as well.

do you still get the $7,500 ev credit in addition to the discount

 

[YDR37]

do you still get the $7,500 ev credit in addition to the discount

No. The discounts are on 2024s, which are not eligible for the $7,500 ev credit.

The discounts are less than the $7,500 tax credit. If you don't understand why someone would want a discounted 2024, instead of a 2025 with the credit, see this previous post.

 

[voxel]

- If you want a CT with a base price above $80,000, then the tax credit doesn't apply. So a discounted 2024 will always be cheaper than a 2025.

- If you want a CT that costs $79,990 (base model AWD), then the 2025 with tax credit is cheaper. So if you qualify for the tax credit, then yes, it makes zero sense to get a discounted 2024. However, some people are too wealthy to qualify for the tax credit, and for those people the discounted 2024 is cheaper.

Minor correction.

If you lease (with Telsa or Chase) a 2024 with the $4-6K discount on top of the $7500 commercial lease incentive that is passed through.. the 2024 will always be cheaper than the 2025.

I just sold my leased (Chase Auto) to a dealer who paid off my lease. I showed them my buyout price via Chase app (and website) that was $64K (I put $10K down).

 

[flyhigh123]

Prices for 2024 need to be much lower than 2025 to get them sold. Basic math. If Tesla is counting on those who don’t quality for the tax credit to buy 2024, it’s a very limited pool of buyers as those who don’t qualify probably can afford the 2025 anyways. Every month that passes is increased depreciation on a 2024 regardless if it’s new. If Tesla wants to clear the 2024 books they need to drop the price significantly or offer a significant accessory add on to get 2025 buyers to get the 2024.

 

[YDR37]

Prices for 2024 need to be much lower than 2025 to get them sold ... If Tesla wants to clear the 2024 books they need to drop the price significantly or offer a significant accessory add on to get 2025 buyers to get the 2024.

Well, Tesla has dropped the prices on 2024s -- the question is whether 5% off is "significant" enough to move the needle. Maybe prices do need to be "much lower."

And Tesla is offering an accessory add-on: buy a 2024 Foundation Series and get a free wrap. Again, the question is whether this is "significant" enough. Seems like people here were more excited about the lifetime Free Supercharging that Tesla was offering before the free wrap (and which Tesla is still offering on the Model S and Model X).

My hunch is that the current offers may not be "significant" enough to clear the 2024s out of inventory. But it's hard to be sure, because no one outside of Tesla knows exactly how many unsold 2024s are still out there, or how fast they are selling with the current incentives.

If you are prepared to consider a 2024 CT, might not hurt to wait until March to see if Tesla gets more aggressive with the incentives as the end of the quarter approaches.

 

[Mini2nut]

If you’re considering a 2024 I suggest waiting. The discounts will only get sweeter as we approach Q2.

 

[CyberTruckz]

If you’re considering a 2024 I suggest waiting. The discounts will only get sweeter as we approach Q2.

I agree and as others have said you are buying an “old” model year 2024 and that is a valuation hit IMO. They need better discounts to move these or at least a promo interest rate. A promo interest rate with current incentives would probably get me to buy a 2024.

 

[CyberT1]

if you add all the things you get with the Foundation Series than it looks like the difference is more like $4,000.00

 

[HaulingAss]

Prices for 2024 need to be much lower than 2025 to get them sold. Basic math. If Tesla is counting on those who don’t quality for the tax credit to buy 2024, it’s a very limited pool of buyers as those who don’t qualify probably can afford the 2025 anyways. Every month that passes is increased depreciation on a 2024 regardless if it’s new. If Tesla wants to clear the 2024 books they need to drop the price significantly or offer a significant accessory add on to get 2025 buyers to get the 2024.

Tesla has a lot of very immediate sales data that you could never hope to have. They know how many people are browsing their site looking at Cybertrucks, how that has been changing from day to day, how their production is going, how much it costs to build more, how many people are test driving them per day and a pretty good idea of what percent of Cybertruck buyers are eligible for the tax credit. My advice to you, don't think you can out guess them. You can't.

I'm not eligible for the tax credit, and I can easily afford any vehicle that touches my fancy including Lambos, etc. But let's be realistic about this, contrary to what many people who are on fixed budgets think, that doesn't mean I'm automatically going to go buy a 2025. I still want a good deal and the 2024 is essentially the exact same vehicle in any way that matters.

I also care more about the upfront cost, a lot more, than I care about resale value. Because I understand the time value of money. A thousand dollars today is worth a lot more to me than a thousand dollars in 4-7 years (or whenever I chose to sell it). It's not just possible inflation, it's how much I'm going to make off that $1000 before I sell it. It could easily double. It might even come down to whether I could walk into a Delivery Center and buy one off the lot and drive it away.

TLDR: A lot of people who aren't eligible for the tax credit still like to save money and Tesla knows what they are doing when it comes to moving vehicles.

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