Tesla announces: Model Y limited time delivery, final payment immediately reduced by 10000 yuan
On November 25th, Tesla announced a limited time discount policy, with a final payment of 10000 yuan off the Model Y for limited time delivery, and an additional 5-year interest free policy. This promotion is applicable to the Model Y rear wheel drive version and the long-range all wheel drive version.
Tesla announces price reduction
On November 25th, Tesla announced that the final payment for Model Y's limited time delivery will be reduced by 10000 yuan, and a 5-year zero interest financial plan can be added.
According to the new policy, from November 25th to December 31st, 2024 (inclusive), if consumers order and complete the delivery of Model Y during this period, the final payment will be reduced by 10000 yuan, and a 5-year zero interest financial plan can be added. This promotion is applicable to the Model Y rear wheel drive version and the long-range all wheel drive version.
At present, the Model Y rear wheel drive version starts at 239900 yuan. If you choose the 5-year zero interest financial plan, the monthly payment starts at 2667 yuan.
To achieve its annual sales target, Tesla has recently launched a series of promotional activities worldwide. In the United States, customers who pick up Tesla before December 31st can enjoy 3 months of free supercharging and FSD (fully autonomous driving capability); In Europe, if you choose Model Y before the end of the year, you can enjoy one year of free supercharging service, etc.
In terms of pricing, China is one of the lowest priced markets for Tesla globally, with a maximum discount of 185000 yuan compared to other regions.
The delivery data for the first three quarters has steadily improved
According to relevant data, Tesla's delivery data in the first three quarters of this year showed a steady growth trend. In the third quarter of this year, Tesla delivered approximately 463000 electric vehicles globally, setting a new quarterly delivery record.
In the earnings conference call, Tesla expects a slight increase in delivery volume for the full year of 2024, with delivery volume expected to increase by 20% to 30% year-on-year next year. In addition, Tesla plans to launch more affordable models in the first half of 2025, priced below $30000, and will not produce any models lacking autonomous driving capabilities. Cybercab is expected to be mass-produced by 2026, with the goal of producing at least 2 million vehicles annually.
The market generally believes that Trump's election is expected to bring good news to the Tesla industry chain. Shanghai Securities stated that since July, Musk has invested heavily in supporting the Trump team. Trump mentioned Musk 11 times in his victory speech. With Trump's election, Musk's firm stance will reap rewards. Trump has promised a more relaxed regulatory environment and plans to reduce corporate and personal taxes, which is expected to have a positive impact on the operation of Musk's companies such as Tesla. In addition, if Trump cancels the high subsidies for electric vehicles, although it is not conducive to the overall electric vehicle market, Tesla, which dominates the market, may actually consolidate its market leading position.
Guosen Securities believes that Tesla's fundamentals remain strong and have enormous potential for future growth. Trump's re-election as the President of the United States may bring more policy support to Tesla, which is beneficial for the company's long-term development. Tesla's autonomous driving and robotics businesses have enormous market and valuation potential, which will bring new growth points and profit model transformation to Tesla, laying a solid foundation for the company's long-term development.
As of press time, Tesla's stock price is reported at $352.56 per share, with a total market value of $1.13 trillion.
