Tesla Offers Stimulus to Model 3 Sales Amid Global Plunge
Tesla has introduced a 0% APR financing rate deal for its Model 3, aiming to boost sales as the company's global demand for the compact sedan has plummeted. The move comes at an inopportune time, with the release of the new Model Y Juniper refresh and Elon Musk's increased engagement on politics, which has also affected the brand's overall performance. With the US average monthly car payment being $737, Tesla's 0% APR offer seems attractive, but it remains to be seen how many buyers will take advantage of it.
- This 0% financing rate deal may signal a strategic shift in Tesla's approach to model sales, potentially prioritizing affordability over other factors that have driven demand for the Model 3.
- Will this short-term sales boost help Tesla regain its market momentum before more significant challenges arise from ongoing global economic uncertainty?