Tesla is already offering low 1.99% financing on six-year loans for customers looking to buy the $48,990 long-range, all-wheel-drive Model Y, the series production version of the newer car that debuted in early April. Gone are the days when Tesla had to keep hiking prices to avoid being hopelessly swamped by demand. Now CEO Elon Musk has to fight for every new customer.

Just weeks after the launch of the Model Y refresh, a slightly newer version of the five-year-old crossover, Tesla informed buyers on Sunday they can already have the car at a discounted financing rate. Interested buyers can qualify for a six-year loan at 1.99% if they put down $3,999 for the purchase of a long-range all-wheel-drive version. By contrast, financing rates for some of Tesla’s upscale models top 6%.

Non-paywall link

  • TheDemonBuer@lemmy.world
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    18 days ago

    It’s actually kind of tragic. Tesla would have been, no, should have been a key domestic EV maker. They should have been our global offering in a strategically important industry. But instead, they’re rapidly becoming a pariah. And it’s all because of one man. One terrible, terrible man.

    This is a very, very important lesson that America MUST learn: just because someone is rich, that does not mean they are smart, or good, or trustworthy. Personality matters, a lot. I am certain that if Martin Eberhard and Marc Tarpenning could go back, they would tell Mr. Musk “no thank you, we’re not interested in your investment,” even though they really needed the money. It wasn’t worth it, it came with strings attached. Within just a few years of taking Musk’s money, both men were forced out of the company, and Musk was well on his way to convincing millions of Americans that we was a super genius who singlehandedly invented the electric car.

    In this country, we have not only tolerated megalomaniacal narcissists like Musk, we’ve celebrated them. That has to stop. Look at where it has gotten us. One of them is president now! If we don’t learn from this, and start to see men like Trump and Musk as the disease that they are, we are doomed. If we don’t get these men under control, they will control us.

    • GregorGizeh@lemmy.zip
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      18 days ago

      I think the education needs to go further. Being billionaire rich is in itself a huge red flag; and people having this much money should immediately cause people to distrust them on every level because nobody gets that rich from honest work, from paying their employees fairly, from caring about the environment and general wellbeing of mankind.

      Being a billionaire should disqualify people from owning and/or having shares in any economical sector deemed essential to societal wellbeing, not to mention from holding any kind of public office or even from exercising any kind of political agenda at all. They’re rich, they don’t need representation. They actually can take care of themselves.

      • Pup Biru@aussie.zone
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        17 days ago

        australia has the opposite in many ways… we have a thing called tall poppy syndrome where we internally believe everyone should be equal so much that we sometimes tend to tear people down for doing better than others

        a middle ground would be nice

    • 9point6@lemmy.world
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      18 days ago

      just because someone is rich, that does not mean they are smart, or good, or trustworthy

      The richer someone is seems to correlate with the absence of one or more of those traits.

      Don’t need to be smart to be born into money, which is where basically all the richest have come from.

      Don’t need to learn to treat people with compassion if you can afford to entirely opt out of public society

      Don’t need to be trustworthy if you have enough to pay people to be around you.

      Past a certain bank balance, a person loses their humanity.

      • Ledericas@lemm.ee
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        17 days ago

        maybe if one is truely from rag to riches they will understand, and not to pretend “im poor and made lots of money” people, that come from well off family but not super rich.

        • 9point6@lemmy.world
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          17 days ago

          Literally no one goes from rags to billionaire.

          That’s just a lie they try to sell so enough people think they could be in the group that benefits one day.

          • Ledericas@lemm.ee
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            16 days ago

            yea, until thone appears, which it will never.

            its almost always the 2nd point in my original comment, pretending to be poor to look relatable. this was taylor swift shtick for a while when her parents move to Tennessee before her music career was jumpstarted, they think by moving to a “poorer” state will make her look more relatable.

    • ExLisper@lemmy.curiana.net
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      18 days ago

      Except Tesla never made good cars. It was always clear that real car manufacturers will learn to make good EVs before Tesla learns to make good cars. For some time Tesla was supported by fans who could ignore major design flaws and investors looking for short term profits. Long term best case scenario for Tesla was always to just become another, normal car maker.

      • futatorius@lemm.ee
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        3 days ago

        Except Tesla never made good cars.

        The Roadster was pretty damned good. Of course it was the model that Musk had no influence over.

      • orclev@lemmy.world
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        17 days ago

        For a brief window Tesla was the only company making a “good” EV in that all their competition was making cars with sub 150 mile range (sometimes significantly so). Teslas have always been bad cars, but they were the best EV. Then all the other manufacturers finally got the memo that they couldn’t keep ignoring the EV market and grudgingly made decent EVs which almost by default made Tesla the worst EV on the market.

        • Ledericas@lemm.ee
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          17 days ago

          i lot of people like the ioniq 5, im guesisng people are waiting for rivian to come out. anyone outside of the us, is probably going for BYDs.

      • Ledericas@lemm.ee
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        17 days ago

        i remember at the time he bought XITTER, some idiot on reddit i believe went ahead and purchased a 140k version of tesla, eventhough many people said it was such poor quality and warned him from buying it, and he later posted a video of how cheap the insides were, you could easily rip the cheap plastic linings of the inside of car.

      • Ronno@feddit.nl
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        17 days ago

        That’s simply not true, the last couple of years quality is up massively. The highland Model 3 is fine really, sure there are some things Tesla could’ve done better, but that goes for most manufacturers. I drive one and I haven’t had any big issues, I do have some annoyances though, but there are also things the car does way better than its competition. People also seem to forget that Tesla was pushing out over the air feature updates while VW was manually updating their ID3 range on the parking lot in the docks.

        The Model 3 and Y in its current state, at its prices before these wild discounts and 0% financing, is objectively a very competitive car and would probably made the top 3 list in every country in 2025 and possibly 2026. Let me put it differently, if Ford sold the Model 3 and Y, it would outsell any other vehicle on the planet. The only reason the Model Y will not be the best selling car this year is Musk and by extension the direction the US took with the elections. At least here in Europe, people don’t really want to buy a Nazi symbol of a car. And frankly, if I could get rid of mine today, I would, not because the car is bad, but because of the Nazi in charge.

    • bean@lemmy.world
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      17 days ago

      You have to KEEP TEACHING the lesson. Because when you’re 25 years older, and kids are just coming into the world, they don’t ‘get’ how bad it is. They just hear it. I heard all about how WWII went, who was bad who was good blah blah.

      Look now, we have Gaza. Look now, we have Trump. AfD in Germany.

      Where do you think we failed (globally)? Like, how have we (seemingly) made a 180 in just under 100 years?

    • Ledericas@lemm.ee
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      17 days ago

      teslas have always been defective, its only because Elon was able to market it better.

  • Ronno@feddit.nl
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    17 days ago

    “But the low sales numbers were just potential buyers delaying their purchase, because the new Model Y will release soon.”

    Safe to say that we finally have evidence that people weren’t delaying. It’s also not the car either, the car is fine and very competitive. I drive a Model 3 and I drove a couple competitor cars, therefore I know Tesla is up there with the competition. That is Volkswagen, Toyota and the large volume brands, I don’t view Tesla as a luxury brand like BMW and Mercedes though.

    So what else is there? I’d wager having a Nazi as CEO doesn’t help sales at all. I’m in a mid class bubble in The Netherlands where many in my bubble can afford or even actively looked at purchasing a Tesla, all of them say the same thing: I do not support Nazi’s and by extension try to buy as little US made products as I can. This is the same customer base that 5 years ago would definitely have bought a Tesla in a heartbeat. Tesla will continue to lose with Musk at the helm.

  • Kurious84@eviltoast.org
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    17 days ago

    Just seeing a Tesla reminds me of the arrogance of musk saying he “deleted” jobs. The choice of words tells you what he thinks of us.

    Eff him. Never again.

    • Lucky_777@lemmy.world
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      17 days ago

      Yep, he killed the brand. He probably doesn’t care in the end. But everyone working for Telsa will.

      If Musk really cared about Telsa he would have never sided with a Republican lol.

      • Ledericas@lemm.ee
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        17 days ago

        i think he only released the truck because he needed to show the board/shareholders hes worth that 56billion package hes been eyeing since '18

  • Rookeh@startrek.website
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    17 days ago

    I’m not sure why anyone expected a new facelift would improve sales. It’s clear the overall decline is associated with Musk going full mask-off fascist, given this, driving around in a car that looks unlike any previous Model Y just makes it completely obvious that you knew this and decided to buy one anyway. If they want to bolster sales, maybe they should have kept producing the pre-facelifted versions for a while.

    Full disclosure, I used to own a Model 3. I had it for 5 years and was generally very happy with it - it was a great daily driver, cost very little to run and maintain, and (aside from a few issues later in my ownership, which was one of the reasons I decided to sell it) in general it was very easy to live with.

    There are clearly some very skilled engineers at Tesla who know how to build a great product. It is a shame their efforts are being undermined by a fascist lunatic with a narcissist complex.

    • urandom@lemmy.world
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      17 days ago

      aside from a few issues later in my ownership, which was one of the reasons I decided to sell it

      I’m curious, what kind of issues did you face?

      • Rookeh@startrek.website
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        17 days ago

        The main issue was a catastrophic failure of the VC_FRONT module which is one of the critical onboard computers that manages things like the 12v battery and low voltage power distribution (basically a “smart” fuse box). Without it the car is bricked and cannot be driven.

        That took several weeks and some back and forth around the extended warranty to resolve, and then even after that module was replaced, on my first drive after the repair it went straight into limp mode and then spent another week at the service centre having that diagnosed.

        During this time I decided it might be time to start looking for a new car, ended up selling it a few months later and took delivery of a new Polestar 2.

    • Ledericas@lemm.ee
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      17 days ago

      they are death traps, even thier regular models are lacking QC in many places. there is a reason you never hear people buying a used one. i only heard of a Clout chaser doing this once.

      • futatorius@lemm.ee
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        3 days ago

        In the highly saturated market of the South Bay in California, word of mouth was that it was better to buy a 1-year-old Tesla because then someone else spent the time and money to sort out the most obvious production defects. I don’t know if people are still buying them at all, though.

  • kreskin@lemmy.world
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    17 days ago

    I’m constantly floored that institutional investors are keeping the TSLA stock price from cratering. They dont think of the pressures on the brand like we do. I think they are pricing in future patronage by trump.

  • Neuromorph@lemm.ee
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    17 days ago

    The fact he dismantled all the agencies overlooking tesla safety weighs in to his overtime fascism.

    Even if replaced as CEO and fully diverted from Tesla, I don’t think I could trust their safety going forward.

  • Widdershins@lemmy.world
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    17 days ago

    The only reason I’d be caught driving a tesla is if it had a completely true bumper sticker that said “I bought it after he blew his brains out.”

  • selkiesidhe@lemm.ee
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    17 days ago

    A swastikar will park in front of my house when I get groceries on Sunday and I HATE IT. I don’t want anyone thinking that’s our dumpster or going to vandalize it and accidentally hit my sweet cute lil car. 🤬

  • Jo Miran@lemmy.ml
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    18 days ago

    The Tesla brand is dead to me. In 2018 I wanted a Tesla EV but when in came time to buy a new car (2024), I got a BMW instead. In 2018 I wanted a Tesla Powerwall but I just bought a Jackery system instead. Between the two, that’s well over $100k lost to Tesla from that purchase. Countless more given that I will never buy anything Tesla ever. I won’t even ride an Uber/Lyft if the driver is on a Tesla.

  • Geobloke@lemm.ee
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    17 days ago

    Don’t live in the US, but you’d probably have to pay me to be seen driving one of those. I can afford not to and dignity has a price

      • Ledericas@lemm.ee
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        17 days ago

        people liked the ioniq 5, my parent is driving a leased ioniq 5. the only thing is the flimsy looking door handles, why cant they just make a normal handle.

    • SaintOwlPizza25@lemm.ee
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      18 days ago

      I’m trying to buy a car, Tesla hasn’t been on the list for good reasons. A Kei truck is very tempting.

        • datavoid@lemmy.ml
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          17 days ago

          I dislike Slate based solely on the fact that their video has appeared at the top of my YouTube home page several times, even though I generally don’t interact with videos about cars.

          • crank0271@lemmy.world
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            17 days ago

            Point taken but it reminds me of an old proverb: hate not the player, as the game is that which should be despised.

            I appreciate that it’s the first different take on an EV or cars in general since, well, Tesla? The customizability options, low starting price, and they’ve done some fun marketing stunts so far. There may be plenty of reasons to be skeptical about it and perhaps it’ll even flop or be ghostware, but (the option for) a non-fastback crossover SUV with physical buttons has me, again, hopeful.

  • Paddzr@lemmy.world
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    17 days ago

    I’ll continue to drive mine. I’ll get a used one once I drive this one into the ground.

    If you want to make political stance and go for inferior car? Go right ahead. I don’t give a shit what some CEO does. I’m sure all of you stopped playing blizzard games and avoid everything owned by nestle and for sure aren’t recommending cars running literal slaves camps, right???

    • ThinkBeforeYouPost@lemmy.world
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      17 days ago

      What a weird thing to say! It must be fun living in your goof troop world with the other morally bankrupt incels.

      Do you lie to women and say, “I’m not interested in politics”?

    • Hacksaw@lemmy.ca
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      17 days ago

      Inferior car? Tesla has some of the weakest reliability metrics in the industry which is shocking considering electric drivetrains are far more reliable than ICE.

      Modern electric car manufacturing has far surpassed what Tesla can provide at any price point (range, reliability, comfort, you name it) unless you still believe FSD is coming in “just 2 more years bro, and it’ll be free and backwards compatible”

      • Paddzr@lemmy.world
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        17 days ago

        That’s why Tesla has the most cars on the road, the best efficiency, one of the best safety ratings and has countless of people getting +200k miles on them, right? If only we had all these exmples…

        You’re gonna pull one of two things, random examples of defect, because no other car has does or BUT CYBERTRUCK THO???

        So which one is it?

        • Hacksaw@lemmy.ca
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          17 days ago

          None of those. I don’t disagree that they USED TO BE the best electric cars.

          But that’s in the past. There are very few markets where Tesla has the most market share anymore in 2025. It’s not just because of protests, they’re just not that great compared to the competition anymore. The trend has been worsening for years and Tesla hasn’t brought anything new to counter it.

          • Paddzr@lemmy.world
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            17 days ago

            As I said in my other comment. I’ve tried so many other cars… Unless there’s a car I’m not aware of / got no access to, I strongly disagree. Tesla didn’t release any major updates and they’re still ahead.

            • Frostbeard@lemmy.world
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              17 days ago

              Well, I strongly disagree. The metric for complaints and outright hostile customer treatment from Tesla is far larger for any competitor. Even taking into account how many cara they sell. I tries an model 3 and a Y and they did not feel superior to the Kia EV6, Mustang eMach, Hyundai iOniq 5 or tbe ID4, and I did not even look at Chinese cars, or what you call premium from MB, BMW or Audi. I am looking forward to the Mazda e6 and the Ioniq 9 tbh. I have had a Mazda6 2.2L estate for years as a second car and have been satisfied with the performance.

    • rbesfe@lemmy.ca
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      17 days ago

      Why are you already committed to buying a used Tesla, years before your current one dies? Why make this comment at all?

      • Paddzr@lemmy.world
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        17 days ago

        Because I’ve test driven what’s out there right now. Nothing comes close to my old Tesla and I’m not going to buy a new car from a different brand when used model 3 of the current models will be better value.

        People genuinely are ignorant to how advanced the Tesla system is vs the competition. I’m very fortunate to live in dealership hotspot and I’ve driven plenty. Be it byd, kia, Hyundai, Volvo, polestar, mg etc. (Fun thing to do over weekend to kill an hour).

        Tesla’s from 2018 are genuinely better than competitors coming out right now. You add the better battery and heat pump from 2021 and your efficiency is basically as good as it gets. I’ve driven enough in my car to understand what makes for a good “range”. It’s all about that efficiency. The latest model 3 is a minor improvement, but still one I’ll happily upgrade to in 5 years time or so when I get close to 170k miles.

        But hey, that cybertruck! Or earlier models panel gaps! It’s such useless noise bashing what is the best car anywhere near that price.

        Maybe Merc’s, lucid and Rivian have it beat, but they aren’t available here or more than double the cost…

        I hope it makes sense. I get outrage at Musk coming from valid places, but I’m not letting a twat ruin something for me. He has more money that god, me buying used car has next to no impact. So why bother?