electrek:

Tesla is leveraing the attention around the Cybertruck by offering reservation holders a $1,000 discount on its other electric vehicles.

During the Electrek Podcast watch party ahead of the Cybertruck presentation yesterday, I was discussing the possibility of Tesla leveraging the attention around the Cybertruck to sell its current vehicle lineup amid the end-of-quarter delivery push.

I was partly basing this on the fact that Tesla already brought Cybertruck units in showrooms even before the launch.

Sure enough, Tesla is trying to leverage the popularity of the truck to boost sales of its current vehicles.

Cybertruck reservation holders are reporting receiving the following email from Tesla:

Cybertruck is here and your reservation is in the queue. While you await delivery of your Cybertruck, get $1,000 off the lease or purcharge of a new Tesla/ Place your new order by December 21, 2023, to qualify.

The automaker is offering a $1,000 discount on new Model 3, Model Y, Model S, and Model X orders to Cybertruck reservation holders.

The time limit indicates that Tesla is trying to boost orders by the end of the year.

Tesla is trying to deliver a record number of vehicles this quarter in order to delivery on its annual delivery guidance of 1.8 million vehicles.

Electrek’s Take

The delivery event was a bit of a bust. The Cybertruck looks like a solid vehicle, but the roughly 50% price increase on all versions compared to the 2019 prices is a bit higher than most people expected.

It’s going to be a harder sell now.

But one thing that the Cybertruck is not lacking in is the attention around. Therefore, it makes sense for Tesla to try to take advantage of that.

Will it work though? A $1,000 discount is nice, but if you are on the market for a pickup truck, it doesn’t necessarily mean that you will settle or need a sedan or SUV.

What do you think? Let us know in the comment section below.

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MuskWire TLDR:

Tesla is offering a $1,000 discount on its other electric vehicles to reservation holders of the Cybertruck, in an effort to leverage the attention around the new truck and boost sales of its current lineup. The discount applies to new orders of the Model 3, Model Y, Model S, and Model X, and reservation holders have until December 21, 2023, to place their orders. Tesla is trying to deliver a record number of vehicles this quarter to meet its annual delivery guidance of 1.8 million vehicles. However, despite the attention the Cybertruck has received, the roughly 50% price increase compared to 2019 prices may make it a harder sell. The effectiveness of the $1,000 discount remains to be seen, as it may not necessarily appeal to customers specifically looking for a pickup truck.