Key Takeaways
1. Tesla has not introduced 0% APR financing for the Model Y in the US, unlike in China, but is running promotions to boost shipments after Q1 earnings disappointment.
2. New Model Y buyers in the US will receive a complimentary FSD transfer from their previous Tesla, applicable to various models.
3. The Model Y Launch Series and Cybertruck Foundation Series are excluded from the FSD transfer offer.
4. Tesla offers a $2,000 discount for older Model Y owners considering the Juniper facelift, with specific conditions for eligibility.
5. The free FSD transfer promotion has been offered in four of the last five quarters and does not apply in Europe.
Tesla has not yet introduced 0% APR financing for the new Model Y in the US, similar to what it did in China, but is currently running a new promotion to boost lagging shipments after disappointing Q1 earnings.
Free FSD Transfer for New Buyers
While buyers of the new Model Y in the US won’t enjoy zero interest rates on their payments, they will receive a complimentary FSD transfer from their previous Tesla. This applies to owners of any model, including the Model 3, older Model Y, Model S, Model X, or even the Cybertruck.
Exclusions in Promotions
However, the Model Y Launch Series and Cybertruck Foundation Series editions are not included in this offer, as they originally came with FSD as part of their expensive packages.
Legacy Model Y owners can pass on the FSD option they previously purchased to their new Model Y. Additionally, to encourage owners of older models who are undecided, Tesla is providing a $2,000 discount on the price of the Juniper facelift.
Important Details to Note
Tesla states that the price reduction is aimed at owners who purchased its first SUV early on, although the specific production cutoff date isn’t clear. Therefore, those interested in this promotion will need to wait for an official announcement from Tesla, which can be viewed below.
“Used vehicles are not included,” Tesla warns, adding that “the promotional credit must be linked to an order under the same Tesla account as your current Model Y by June 30, 2025, or it will be lost.”
Tesla appears to be making free FSD transfers a regular offering, as this promotion has been available in four of the last five quarters and is now back on the Tesla deals list for the US and Canada. However, this does not apply to Europe, where customers who paid for FSD still cannot use it.
On another note, the market value of a used legacy Model Y has decreased since the introduction of the new Juniper refresh. Consequently, the trade-in value Tesla gains can be offset by the free FSD transfer offer without causing significant impact to its core business.
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