Latest news with #TeslaCanada
Yahoo
19-05-2025
- Automotive
- Yahoo
An Over $4K Discount on Tesla Model 3 Could Be on the Horizon — Should You Start Budgeting for One?
Tesla just rolled out a 'Tesla Bonus' discount in select European countries, slashing prices by as much as €4,000 on new and in-stock Model 3s. When paired with local government electric vehicle subsidies, the final cost drops significantly, lower than most luxury sedans. Be Aware: Read Next: Tesla hasn't said how long the bonus will last or whether it will expand to other models or regions, but it's clear this move is designed to jump-start sales in areas with strong demand and intense competition. Here's everything you need to know about this Tesla discount and if you should start budgeting for one now. The Tesla Bonus isn't available everywhere yet, but according to Drive Tesla Canada, here's where the Model 3 discounts are active: Italy: €4,000 discount on new Model 3s. Luxembourg: €4,000 discount on both new and inventory cars. Spain: €3,290 discount on new orders. Portugal: €3,800 discount, currently for inventory only. According to DriveGreenLiveGreen on X, in Luxembourg, the price of a rear-wheel-drive Model 3 drops to just €29,996 after stacking the Tesla Bonus with a €6,000 government incentive. Each country has its own eligibility and structure, so the exact savings will depend on where you live and what's available. Consider This: The European electric vehicle (EV) market is now crowded. Chinese automakers are flooding in with sleek, cheaper models, and homegrown brands like Volkswagen and Renault are digging in with strong lineups and local loyalty. Tesla's once-unmatched appeal is being challenged hard, especially in price-sensitive segments. With rumors swirling about incoming updates to the Model 3, Tesla likely has more stock than it's comfortable holding. Moving that inventory quickly keeps things lean and avoids backlogs when new trims roll out. While the bonus is only available in a few countries, Tesla could be testing the waters. If it sparks a sales bump, similar discounts could sweep across Europe and maybe even hit North America. If you're a first-time EV buyer, live somewhere with strong government subsidies or just want a premium electric car without blowing your savings, this discount is a big deal. A few thousand dollars off, especially when stacked with national incentives, can close the distance between 'maybe someday' and 'I could actually buy this.' So yes, if you love Tesla vehicles and have wanted a Model 3 for a while, this is a great time to start saving. But temper your expectations for now since these discounts are country-specific. Some only apply to in-stock vehicles, not custom orders. There's also no promise that Tesla will roll this out across the United States. A steep Tesla discount paired with government subsidies can shave thousands off the Model 3's price, enough to finally tip the scales for budget-conscious buyers. Even if you're outside Europe, this may be the first sign of broader cuts ahead. If prices drop near you, would you be ready? More From GOBankingRates Here's How Much Cars Made in the US Cost Compared to Mexico, Canada and China How Much Money Is Needed To Be Considered Middle Class in Every State? 4 Grocery Items To Buy Now Before Tariffs Raise Prices This Summer How Much Money Is Needed To Be Considered Middle Class in Every State? Sources Drive Tesla Canada, 'Tesla Offers Up to €4,000 Off Model 3 in Select European Markets with New 'Tesla Bonus'.' X, 'DriveGreenLiveGreen.' This article originally appeared on An Over $4K Discount on Tesla Model 3 Could Be on the Horizon — Should You Start Budgeting for One?
Yahoo
19-05-2025
- Automotive
- Yahoo
An Over $4K Discount on Tesla Model 3 Could Be on the Horizon — Should You Start Budgeting for One?
Tesla just rolled out a 'Tesla Bonus' discount in select European countries, slashing prices by as much as €4,000 on new and in-stock Model 3s. When paired with local government electric vehicle subsidies, the final cost drops significantly, lower than most luxury sedans. Be Aware: Read Next: Tesla hasn't said how long the bonus will last or whether it will expand to other models or regions, but it's clear this move is designed to jump-start sales in areas with strong demand and intense competition. Here's everything you need to know about this Tesla discount and if you should start budgeting for one now. The Tesla Bonus isn't available everywhere yet, but according to Drive Tesla Canada, here's where the Model 3 discounts are active: Italy: €4,000 discount on new Model 3s. Luxembourg: €4,000 discount on both new and inventory cars. Spain: €3,290 discount on new orders. Portugal: €3,800 discount, currently for inventory only. According to DriveGreenLiveGreen on X, in Luxembourg, the price of a rear-wheel-drive Model 3 drops to just €29,996 after stacking the Tesla Bonus with a €6,000 government incentive. Each country has its own eligibility and structure, so the exact savings will depend on where you live and what's available. Consider This: The European electric vehicle (EV) market is now crowded. Chinese automakers are flooding in with sleek, cheaper models, and homegrown brands like Volkswagen and Renault are digging in with strong lineups and local loyalty. Tesla's once-unmatched appeal is being challenged hard, especially in price-sensitive segments. With rumors swirling about incoming updates to the Model 3, Tesla likely has more stock than it's comfortable holding. Moving that inventory quickly keeps things lean and avoids backlogs when new trims roll out. While the bonus is only available in a few countries, Tesla could be testing the waters. If it sparks a sales bump, similar discounts could sweep across Europe and maybe even hit North America. If you're a first-time EV buyer, live somewhere with strong government subsidies or just want a premium electric car without blowing your savings, this discount is a big deal. A few thousand dollars off, especially when stacked with national incentives, can close the distance between 'maybe someday' and 'I could actually buy this.' So yes, if you love Tesla vehicles and have wanted a Model 3 for a while, this is a great time to start saving. But temper your expectations for now since these discounts are country-specific. Some only apply to in-stock vehicles, not custom orders. There's also no promise that Tesla will roll this out across the United States. A steep Tesla discount paired with government subsidies can shave thousands off the Model 3's price, enough to finally tip the scales for budget-conscious buyers. Even if you're outside Europe, this may be the first sign of broader cuts ahead. If prices drop near you, would you be ready? More From GOBankingRates Here's How Much Cars Made in the US Cost Compared to Mexico, Canada and China How Much Money Is Needed To Be Considered Middle Class in Every State? 4 Grocery Items To Buy Now Before Tariffs Raise Prices This Summer How Much Money Is Needed To Be Considered Middle Class in Every State? Sources Drive Tesla Canada, 'Tesla Offers Up to €4,000 Off Model 3 in Select European Markets with New 'Tesla Bonus'.' X, 'DriveGreenLiveGreen.' This article originally appeared on An Over $4K Discount on Tesla Model 3 Could Be on the Horizon — Should You Start Budgeting for One? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-05-2025
- Automotive
- Yahoo
Elon Musk Threatens to Sue Canada After Tesla Was Caught Doing Something Incredibly Sketchy
It's not a great time to be an attorney for Tesla. In recent months, the floundering electric vehicle company has been bombarded with dozens of lawsuits, like the California class-action that alleges Tesla's manipulated odometers to get out of warranties, or the Australian class-action that alleges the company misled consumers with claims about its so-called "Full Self-Driving" software. As if that weren't enough for the company's lawyers, Tesla execs are dishing out their fair share of legal threats in return. Following a recent freeze in Canadian EV tax credits, Tesla is now threatening to sue the Canadian government, alleging the move cuts the company off from $30 million in tax credits. The whole shooting match kicked off back in January, when Canada abruptly stopped issuing rebates under its Incentives for Zero-Emission Vehicles program (iZEV), sending auto dealers and manufacturers into a frenzy. The program was viewed as a major boost for EV sales, offering Canadian consumers up to $3,590 in rebates for qualifying fully-electric and hybrid vehicles. Later in March, Musk's Tesla came under fire after placing suspicious claims for tens of millions of dollars worth of iZEV rebates right before the January freeze. Most of those claims came from just four dealers, with a single Tesla showroom in Quebec City claiming it had sold some 4,000 eligible vehicles over a single weekend. Altogether, Tesla filed over 8,600 claims in 72 hours, at a cost of C$43 million (US$30.9 million), or about 60 percent of the remaining iZEV budget. A few weeks later, Canadian Transport Minister Chrystia Freeland announced a freeze on iZEV payments for Tesla specifically, a move seen as retaliation for Donald Trump's unprecedented tariff threats. In addition, she directed her office to ban the EV giant from eligibility for future tax credit programs so long as "illegitimate and illegal US tariffs are imposed against Canada." Now, Tesla is claiming that the tax credit freeze was "inappropriate," because "Tesla Canada has been fully compliant with its participation in the program," according to the Toronto Star. The EV mammoth is demanding iZEV payouts start "in the immediate term" for those rebates filed before the January cutoff, despite the fact that they were almost certainly fudged. If a legal battle kicks off in full, Tesla will have to successfully argue that it was allowed to file rebate claims after vehicles were delivered — a distinction which the Canadian government has evidently flip-flopped on in the past. While Canada is probably safe to kick back and let Tesla spin its wheels, the EV company needs all the help it can get. As sales tank to record lows around the world, government handouts in the form of EV tax credits — Tesla's bread and butter — have become all but critical if the company wants any hope of surviving. That said, it'll likely be an uphill battle for the carmaker to claw anything out of the new Canadian government — but even then, there's reason to believe tax credits won't be enough to plug the holes. More on Tesla: Tesla Is Sitting on an Enormous Pile of Unsold Cybertrucks as Crisis Deepens Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
