Reported product changes
Lease & financing
- Model 3 lease price listed as ‘Lease From $419/mo’, down from $429/mo previously
- The previously advertised ‘1.99% APR Available’ offer on Model 3 Premium & Performance no longer appears
- Model Y page now advertises ‘1.49% APR Available’
Pricing/configurations
- The ‘Model Y L Premium Starting at $61,990’ price callout has been removed from the page header, replaced by the APR financing message
Incentives
- New offer: ‘Trade In Your Gas Car and Receive 2,000 Free Supercharging Miles’
- Same 2,000 free Supercharging miles trade-in offer also appears on the Model Y page
Energy storage
- Powerwall’s additional energy capacity can now come from ‘Powerwall 3 Expansion units’ or from ‘Powershare-capable Model Y and Cybertruck vehicles’, whereas previously only the Powerwall 3 Expansion was listed
Sources: Model 3 page (tesla.com) · Model Y page (tesla.com) · Powerwall page (tesla.com)
-5.92% to $354.08 from $376.37
What moved TSLA
- Tesla began offering limited driverless Cybercab rides within a geofenced area of Austin, with the company’s AI head saying round-the-clock availability wouldn’t arrive until “next month or so.”
- The National Highway Traffic Safety Administration opened an inquiry into Tesla’s certification of the driverless Cybercab following the launch.
- Wells Fargo analysts published a note titled “TSLA Cybercab Launch Event Underwhelms,” saying Tesla’s Austin robotaxi service is facing early execution issues.
- GLJ Research analyst Gordon Johnson noted Tesla failed to provide a rollout timeline, pricing, or a consumer ordering option at the event.
- The Thursday event in Austin was invite-only, was not streamed, and CEO Elon Musk did not appear.
Sources: CNBC · Bloomberg · Invezz
Reported product changes
Incentives
- The promotional banner offering 2,000 free Supercharging miles for trading in a gas car was removed from the top of the page
Sources: Model X page (tesla.com)
Reported product changes
Availability
- Model S page now states “Model S is no longer in production. Pre-owned non-Signature Edition inventory vehicles may still be available,” with ordering replaced by “Browse Inventory”; the standard (non-Plaid) Model S trim’s spec listing was removed, leaving only the Plaid variant.
Sources: Model S page (tesla.com)
Reported product changes
Availability
- The page no longer includes the prior disclaimer stating ‘Model S is no longer in production. Pre-owned non-Signature Edition inventory vehicles may still be available,’ nor the related description of the limited-release Signature Edition.
- Tesla added detailed terms to the ‘Trade In Your Gas Car and Receive 2,000 Free Supercharging Miles’ offer: the promotional miles expire two years after delivery and cannot be postponed, assigned or redeemed for cash; Supercharging-related fees such as congestion fees still apply; and used-car purchases and B2B sales are not eligible.
Sources: Model S page (tesla.com)
Reported product changes
Lease & financing
- The Cybertruck page now displays a lease offer starting at $1,129/month
Sources: Cybertruck page (tesla.com)
Reported product changes
Lease & financing
- The previously advertised lease starting price of $1,129/mo is no longer shown on the page
- New promotion: trading in a gas or hybrid vehicle for a Tesla now earns 2,000 free Supercharging miles, expiring two years after delivery
Configurations/trims
- Page now lists separate full specs for all three trims; Dual Motor All-Wheel Drive shows a towing capacity of 7,500 lbs versus 11,000 lbs for Cyberbeast and Premium AWD
- Dual Motor All-Wheel Drive spec lists a top speed of 112 mph, EPA-estimated range of 325 miles, and wheel options of 18“ or 20“, versus 130 mph top speed and 20“ wheels for Cyberbeast
Sources: Cybertruck page (tesla.com)
Reported product changes
Lease & financing
- Cybertruck advertised lease rate increased from $949/mo to $1,129/mo
Sources: Cybertruck page (tesla.com)
+0.37% to $350.25 from $348.95
What moved TSLA
- Tesla shares jumped as investors weighed a planned event tied to the company’s autonomous Cybercab program.
- The company is promoting an invitation-only gathering in Austin, Texas to showcase the steering-wheel-free vehicle; customers who used Tesla’s existing Austin robotaxi service through August 23 could enter a drawing for invitations, with winners selected August 25.
Sources: Yahoo Finance
Reported product changes
Lease & financing
- Model 3 Premium lease pricing rose from “Lease From $399/mo” to “Lease From $429/mo”
Sources: Model 3 page (tesla.com)