Prices on 2024 Inventory Were Just Dropped

[flyhigh123]

$10k off ‘24 FS with free supercharging plus the referral discount good enough for me…..37k VIN so here’s hoping it’s a decent build. Passed on a delivery last month due to fitment/damage issue on a 25 model, hoping this is better.

What’s the current referral discount amount?

Sponsored

 

[AU742]

What’s the current referral discount amount?

$1000 loyalty. If you are not a current Tesla owner and buying using someone else's link, I believe it is just 3 months of free FSD right now.

 

[Mini2nut]

Correct. The $1k refer all discount has disappeared. Only Tesla owners qualify for $1k off MSRP.

 

[YDR37]

I wonder how many Foundation series they have total to sell?

As of right now, Tesla-info reports 5,832 Cybertrucks in inventory in North America (the number fluctuates constantly as vehicles are made or sold). They don't have a filter for Foundation Series vs. non-Foundation. However, I just noticed that they do have a filter for FSD. Since all Foundation Series CTs come with FSD, and non-Foundation CTs don't, the number of FSD CTs should reveal the number of Foundation CTs.

Applying the FSD filter drops the number of CTs in inventory to 2,018. Looks like 1,642 Foundation AWDs (priced at $90K to $94K) and 376 Foundation Cyberbeasts (priced at $108K to $114K). So as of right now, Tesla apparently still has about 2,000 Foundation CTs that they need to move.

 

[YDR37]

So as of right now, Tesla apparently still has about 2,000 Foundation CTs that they need to move.

In addition, the total number of 2024s in inventory is 2,860. This implies there are also about 800-900 non-Foundation 2024s in inventory, in addition to the 2,000 Foundation Series.

The 2024s are already discounted, and the FS also get Free Supercharging. But it would not be surprising to see further discounts or incentives on 2024s as the end of 2Q approaches. There are still a lot of 2024s in inventory and they aren't getting any fresher.

 

[Gigahorse]

As of right now, Tesla-info reports 5,832 Cybertrucks in inventory in North America (the number fluctuates constantly as vehicles are made or sold). They don't have a filter for Foundation Series vs. non-Foundation. However, I just noticed that they do have a filter for FSD. Since all Foundation Series CTs come with FSD, and non-Foundation CTs don't, the number of FSD CTs should reveal the number of Foundation CTs.

Applying the FSD filter drops the number of CTs in inventory to 2,018. Looks like 1,642 Foundation AWDs (priced at $90K to $94K) and 376 Foundation Cyberbeasts (priced at $108K to $114K). So as of right now, Tesla apparently still has about 2,000 Foundation CTs that they need to move.

2,000 is a lot of trucks, I am kind of surprised that with the 10k discount, fsd, and free supercharging more are not moving, especially to business owners who could get another 7.5k off with the tax credit

 

[VAF84]

Not everyone is getting the $10k, it's a misleading statement. The only ones getting $10k area located in (I say this as unpolitically as possible) liberal areas that currently hate Elon and CT. I say this because when I change my zip to San Francisco, I can get a Dual motor for about $72-73k which would put it in play for me. However, you have to put in the zip you will register it in, and if I use my zip in central Texas, the least expensive option is about $76k.

I still think the next tranche of buyers bites around $72k across the nation assuming the tax credit brings vehicle price to $65k for dual motor.

 

[Simicyber]

I’m waiting for a financing offer to make a move.

 

[Bridgeboy69]

They are two completely different models of business Tesla vs a Dealership.

And? Business survival of the fittest doesn't care. Tesla's business model is superior to the ancient pack-all-lots across-the-world-with-maximum-inventory business model. The old busines model will go by the way of the dinosaurs.

The FACT remains that the numbers of unsold Cybertrucks are miniscule compared to their TAM (Total Addressable Market) and could disapear in an instant with any minor fluctuation in macro USA economic trends (and world-wide trends too if they ever market to other countries).

 

[YDR37]

Not everyone is getting the $10k, it's a misleading statement. The only ones getting $10k area located in (I say this as unpolitically as possible) liberal areas that currently hate Elon and CT. I say this because when I change my zip to San Francisco, I can get a Dual motor for about $72-73k which would put it in play for me. However, you have to put in the zip you will register it in, and if I use my zip in central Texas, the least expensive option is about $76k.

I agree with you about the difference -- but it's not only about "liberal" areas. Yes, there are currently discounted $72K CTs in San Francisco, but there are currently also $72K CTs in "red state" places like Oklahoma City, Boise, and Memphis. Try changing your zip to one of those places.

The difference probably just boils down to demand, or the lack of it. People in Oklahoma City and people in San Francisco aren't buying CTs, so Tesla is discounting there. The folks in OKC and the folks in SF may have different reasons for their choices, but demand is low in both places regardless.

 

[hemiarch]

So, does having excess inventory mean production is slowing down at the gigafactories. Are they in tune enough with inventory to adjust on the fly like that?

 

[YDR37]

And? Business survival of the fittest doesn't care. Tesla's business model is superior to the ancient pack-all-lots across-the-world-with-maximum-inventory business model. The old busines model will go by the way of the dinosaurs.

Tesla's "just-in-time" system actually is better than the traditional "pack the dealer's lot with inventory" system. The problem is that Tesla seems to have switched to the traditional "high inventory" system, at least for the Cybertruck.

The FACT remains that the numbers of unsold Cybertrucks are miniscule compared to their TAM (Total Addressable Market) and could disapear in an instant with any minor fluctuation in macro USA economic trends (and world-wide trends too if they ever market to other countries).

I'm apparently not seeing the same facts that you are. Here's what I see:

- Tesla sold 6,406 CTs in the US in 1Q 2025. Add several hundred for Canada, and the total is more like 7,000.

- Tesla currently has around 5,700 CTs in inventory in North America. If Tesla is selling 7,000 per quarter, then that inventory is not going to disappear in an instant. It would take most of a quarter to clear it out, assuming no further CT production.

- There are few foreign markets for the CT. Tesla's single biggest market is in China, but it would be impossible to sell the US-made CT in China under current tariffs. Tesla has already stopped selling the US-made Model S and Model X in China for that reason. The next biggest foreign market is Europe, but Europeans are not interested in large pickups. Probably only realistic options are the Middle East (already announced) or Australia/New Zealand (maybe someday?), but these are much smaller markets than China, North America, or Europe.

 

[YDR37]

So, does having excess inventory mean production is slowing down at the gigafactories. Are they in tune enough with inventory to adjust on the fly like that?

In theory, yes. And some analysts believe that Cybertruck production has now slowed at the Texas factory (which is the only factory that makes CTs).

In practice, though, Tesla doesn't always slow production when demand slows. Maybe they notice that demand is slowing, but assume that it will pick up again. If that assumption turns out to be wrong, then you could wind end up with excess inventory.

 

[Mini2nut]

My calculations show that Tesla is currently manufacturing 133 Cybertruck's per day based on Q1 deliveries.

That calculates to just over 2,100 vehicles per month based on the plants 4 day workweek.

 

[djoutrageous]

We were sold on the price and specs as announced and what we have is FAR from that. I am the biggest Tesla fan and this is not what we as consumers were expecting. I been holding and waiting for the prices to go down to more realistic numbers. I currently own a Model Y Performance and I love the car and tech.

The information from the spreadsheet was from the Tesla Website.

SINGLE MOTOR	Announced	Actual
PowerTrain:	Single Motor AWD	Rear Wheel Drive Only WORST
Price:	$39,900	$69,990 WORST ($30k More expensive)
Range:	250+ miles	350 miles BETTER
0-60/s:	6.5	6.2 BETTER
Top Speed mph:	110 mph	112 mph BETTER
Payload lbs:	3,500 lbs	2,006 lbs with Cyberwheels WORST
Towing Rating:	7,500 lbs	7,500 lbs SAME

DUAL MOTOR	Announced	Actual
PowerTrain:	Dual-Motor AWD	Dual-Motor AWD SAME
Price:	$49,900	$79,990 WORST ($30k More expensive)
Range:	300+ miles	325 miles BETTER
0-60/s:	4.5	4.1 BETTER
Top Speed mph:	120 mph	112 mph WORST
Payload lbs:	3,500 lbs	2,500 lbs with Cyberwheels WORST
Towing Rating:	10,000 lbs	11,000 lbs BETTER

TRI MOTOR	Announced	Actual
PowerTrain:	Tri-Motor AWD	Tri-Motor AWD SAME
Price:	$69,900	$99,990 WORST ($30k More expensive)
Range:	500+ miles	320 miles WORST
0-60/s:	2.9	2.6 BETTER
Top Speed mph:	130 mph	128 mph WORST
Payload lbs:	3,500 lbs	2,271 lbs with Cyberwheels WORST
Towing Rating:	14,000 lbs	11,000 lbs WORST

Sponsored