New Discounts on 2024 Cybertrucks

[HaulingAss]

It’s called The Musk Effect. It has turned many shoppers away from owning a Tesla.

Just think how many cars Tesla would be selling if Musk had never been born! Oh, .....wait a minute....

Of course, many moderates, independents and conservatives are buying a Tesla who wouldn't have considered one when Musk was viewed as a liberal environmentalist.

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[ABILISK]

I pre-ordered in 2021. The only reason I don't have a CT in my garage is because of Musk. It's the best EV truck on the market and an exact fit for my needs. I just don't see change in the next 4+ years for buyers like me. It doesn't matter what the price drops to anymore, that's not the issue.

That’s pretty pathetic. What’s he done that offended you so much that you won’t own something his employees made? Oh wait, you own a Model 3.

The 4 year thing makes me think it has something to do with DOGE, but that’d be politics and we can’t discuss such things here.

Whatever your reason, hope it helps you sleep at night. Have fun with your decisions.

 

[TripleB]

I pre-ordered in 2021. The only reason I don't have a CT in my garage is because of Musk. It's the best EV truck on the market and an exact fit for my needs. I just don't see change in the next 4+ years for buyers like me. It doesn't matter what the price drops to anymore, that's not the issue.

What has Musk done to make you not want a CT?

 

[Cyberostachu]

- 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.

If you are too wealthy, why would you sacrifice to save a few bucks and get an older model? The new one is quieter and smoother, I heard. Just got my 2025 AWD yesterday but I don't have time to compare both.

 

[Cyberostachu]

What has Musk done to make you not want a CT?

I have the same bad.feeling about teenager Elon but I bought the CT anyway.

 

[CyberTruckz]

There's a guy in FL who leased and immediately bought out the lease and then claimed 179 - essentially making the CT around $54K. Check with your accountant.

Correct me if I’m wrong but this doesn’t make sense. If you truly own a business you are better off buying outright under 179 then get the full $7500 business credit which is not income limited. If you do is the way above you end up losing out on lease fees, etc.

 

[YDR37]

If you are too wealthy, why would you sacrifice to save a few bucks and get an older model?

Well, maybe you wouldn't. I only said that for some people, a discounted 2024 would be cheaper than a newer 2025. I didn't say that the cost difference was compelling.

If you want a basic AWD Cybertruck, and if you are too wealthy to qualify for the tax credit, then a 2025 would cost $79,990 and a discounted 2024 would cost $75,490. So you would save $4,000 with the 2024. Maybe that 5% discount is enough to move the needle, or maybe not.

It looks to me like there are still plenty of 2024 CTs in Tesla inventory, and they aren't getting any fresher. My hunch is that the existing offers aren't attractive enough to clear out the 2024s, and so I wouldn't be surprised to see additional discounts or incentives as the end of the quarter approaches. But that's just a hunch.

 

[voxel]

Correct me if I’m wrong but this doesn’t make sense. If you truly own a business you are better off buying outright under 179 then get the full $7500 business credit which is not income limited. If you do is the way above you end up losing out on lease fees, etc.

Again check with your accountant. All I know is he received the $7500 commercial EV tax credit and whether that was through a lease like he said or he meant purchase with his company for the same commercial EV tax credit (45W) I don’t know the exact details.

 

[CyberTruckz]

Again check with your accountant. All I know is he received the $7500 commercial EV tax credit and whether that was through a lease like he said or he meant purchase with his company for the same commercial EV tax credit (45W) I don’t know the exact details.

Knowing that maybe he was able to double down and also claim the $7500 for the business as well if it can be used for used vehicles. Agree an accountant needs to be consulted.

 

[Macgreiner]

Just think how many cars Tesla would be selling if Musk had never been born! Oh, .....wait a minute....

Of course, many moderates, independents and conservatives are buying a Tesla who wouldn't have considered one when Musk was viewed as a liberal environmentalist.

Nowhere near the amount of customers he has lost along with those who now will actively not consider a Tesla. But that's not all . . . the joy of not knowing whether your car is going to be vandalized. Nett loss.

 

[HaulingAss]

Nowhere near the amount of customers he has lost along with those who now will actively not consider a Tesla. But that's not all . . . the joy of not knowing whether your car is going to be vandalized. Nett loss.

Don't be ridiculous. I have four Tesla, none of them have ever been vandalized in more than 7 years. But my Volvo was vandalized in the first two weeks of ownership with a full-length key scratch. Vandals have emotional problems and are not known to be very selective as to what they vandalize.

You never know if your car will get vandalized regardless of what kind of car it is (it has more to do with where you park it) and if I was worried about it I would probably move to an area of the country where there was a lower rate of mental illness so it wouldn't even be a concern.

 

[ABILISK]

Don't be ridiculous. I have four Tesla, none of them have ever been vandalized in more than 7 years. But my Volvo was vandalized in the first two weeks of ownership with a full-length key scratch. Vandals have emotional problems and are not known to be very selective as to what they vandalize.

You never know if your car will get vandalized regardless of what kind of car it is (it has more to do with where you park it) and if I was worried about it I would probably move to an area of the country where there was a lower rate of mental illness so it wouldn't even be a concern.

Fully agree. Over 10 years ago, I had a brand new Tundra get keyed shortly after I got it. No clue who did it or why. Now I daily my CT - Supposedly a much more risky truck, but nothing has happened to it.

 

[Macgreiner]

Let's all drink to never having to share one of those stories.

 

[FLlovesCyberTrucks]

He’s made It embarrassing to own and drive a CT. Unfortunately. I don’t really care what other people think but it still has real negative social consequences for something that’s a want item and not a need. So passing. I rented and drove one for 300+ miles mid-2024 and people had issues with the looks. No problem, don’t care. It’s different now though and for all the wrong reasons imo. I think this is widely known.

Still think it’s the most interesting vehicle out there. Just watching from a distance until if/when the above changes. Not holding my breath but remain a fan.

I hear everything you're saying, and your comments make total sense to me -and I respect your opinion.

You said twice in your post that you don't care what people think.

Still, you are worried about "negative social consequences" and "people [having] issues with the looks".

That my friend is the VERY DEFINITION of caring what other people think!

Don't be ashamed to say you want to fit in with the crowd, and you are swayed by social pressure because WE ALL ARE, just to different extents, and about different things! But above all, be honest with yourself.

The CT is new, and new is scary, especially to the common folk out there that don't understand engineering, automotive and EV technology, and don't ever want to. Mix in a bit of jealousy (many can't afford any vehicle that nice, CT, or not), and then choose the CT as a symbolic target for all things they hate politically (the President, Republicans, conservatism, E.M.) and you have a recipe for the innocent truck becoming the focus of scorn for people with generalized discontent.

Everyone [should] know that Tesla generates most of its auto revenues from Model 3's and MYs - and they are EVERYWHERE (Model Y best selling car among all cars in the world, EV or not). They should also know that 85% of Tesla is not owned by Musk, but by shareholders, most of them probably American. On the CNN message board, some guy said he wasn't buying a Tesla specifically because of his concerns about politics in America today, and giving his money to E.M. etc. So what did he then do? He bought a Chinese E.V. to send his money overseas instead of helping out an American company with American factory workers in California, New York (solar and supercharger parts) and Texas.

I guess extending that scorn to target Model Y's and 3's, or hating, vandalizing, and boycotting companies like X, Neuralink, SpaceX and xAI, while pointless, would still require too much nuanced thought, especially since EVs and products of those other companies aren't owned solely by Musk and actually help America. Haters just want to hate, not to think.

 

[YDR37]

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

That was my thinking as well. Tesla commonly does offer discounts and incentives as the end of the quarter draws near, and they certainly did at the end of 4Q 2024. So why not again in 1Q 2025?

But I was discussing this with a friend and he had a counterargument. Tesla management is obviously concerned about the stock price. For 2024, Wall Street expected to see growth in Tesla deliveries (in fact, Elon reiterated that goal as late as October). So Tesla was very aggressive with incentives and discounts in 4Q 2024, in an attempt to meet that goal. They were ultimately unsuccessful, but they certainly tried.

But the situation is different in 1Q 2025. Tesla has redesigned the Model Y, which accounts for nearly two-thirds of Tesla deliveries. And Model Y production and sales are going to take a major hit this quarter, as Tesla factories worldwide stop producing the old version and switch over to the new version.

So everyone already expects 1Q 2025 to be weak for Tesla. Realistically, there are no promotions or incentives on the Models S/X/3 or Cybertruck (which combined are only like one-third of Tesla deliveries) that couid make up for the loss of Model Y production.

So maybe Tesla doesn't have to make an end-of-quarter push for sales this time. It will be a weak quarter no matter what they do, and Wall Street has already factored that into the stock price..

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