• News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Thursday, June 5, 2025
  • Login
Auto Journal Africa
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Ask Autojorunal AI
No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
No Result
View All Result
Morning News
No Result
View All Result
Home Electric Vehicles

Tesla launches major incentives campaign after sales tumble to three-year low

Michael Olabode Williams by Michael Olabode Williams
June 3, 2025
in Electric Vehicles
0
Tesla launches major incentives campaign after sales tumble to three-year low
3.1k
SHARES
14.6k
VIEWS
Share on FacebookShare on Twitter

Tesla is offering aggressive new discounts and incentives after suffering its worst quarterly sales results since mid-2022. The EV giant reported a significant decline in global deliveries during Q1 2025, forcing the automaker to retool its sales strategy in the face of growing competition and consumer fatigue.

According to Yahoo Finance, Tesla’s first-quarter sales dropped sharply, marking a major retreat for a company once seen as the undisputed leader in electric vehicles. Analysts say the shift comes as Tesla faces increasing consumer hesitation, in part due to CEO Elon Musk’s political commentary and polarising public image.

READ ALSO

Hyped, Reserved, Forgotten: Why electric pickups failed to win over American truck buyers

Hyundai opens $7.6bn EV megaplant in Georgia

The company has responded by rolling out a series of buyer perks, including reduced prices on several models, interest rate subsidies, and special financing offers for gig drivers such as those on Lyft. Tesla representatives are also reaching out directly to past leads, encouraging them to test drive or revisit purchase options. One prospective buyer described the current efforts as “truly pulling all demand levers.”

Tesla remains the only automaker to currently qualify for full federal EV tax credits, a competitive edge that is now under threat. The Trump administration has signaled a potential rollback of EV-related incentives under the Inflation Reduction Act. For buyers looking to maximise savings, this could be the last window of opportunity to combine tax relief with Tesla’s new financial offers.

Despite Tesla’s domestic troubles, EVs continue to gain popularity globally. The Southwest Energy Efficiency Project reports EV owners can save around $1,000 annually on fuel costs alone. Advances in battery technology and a cleaner mining process have also helped counter early criticisms of the EV supply chain’s environmental impact.

With growing market competition from Chinese automakers and legacy car brands, Tesla’s current strategy may only buy time. Experts say the company’s heavy reliance on short-term incentives raises concerns about long-term demand. As Electrek noted, “These are end-of-quarter incentives, yet we’re not even halfway through the quarter.”

Read more on Tesla slashes Cybertruck prices by over $10,000 amid profit drop, weak demand

Tags: electric vehiclesHeadlineTesla

Related Posts

electric pickup trucks
Electric Vehicles

Hyped, Reserved, Forgotten: Why electric pickups failed to win over American truck buyers

June 5, 2025
Hyundai’s $7.6 Billion EV Megaplant That’s Gunning for Tesla
Electric Vehicles

Hyundai opens $7.6bn EV megaplant in Georgia

June 3, 2025
Toyota transforms RAV4 into all-hybrid SUV starting 2026
Cars/SUVs

Toyota transforms RAV4 into all-hybrid SUV starting 2026

May 31, 2025
Why Cadillac’s new electric Escalade comes with a built-in intercom
Cars/SUVs

Why Cadillac’s new electric Escalade comes with a built-in intercom

June 3, 2025
Tesla in Europe
Electric Vehicles

Tesla loses ground in Europe as EV rivals surge amid cooling sentiment over Model Y

May 27, 2025
China’s BYD tops Tesla in European EV sales for the first time
Electric Vehicles

China’s BYD tops Tesla in European EV sales for the first time

May 25, 2025
Next Post
The 3 greatest muscle cars ever: Power, Legacy, and Pure Americana

The 3 greatest muscle cars ever: Power, Legacy, and Pure Americana

POPULAR NEWS

Inferno at Toyota 1000 Desert Race consumes 49 cars

Inferno at Toyota 1000 Desert Race consumes 49 cars

July 3, 2023
Mobius Motors

Mobius Motors: Rising taxes, competition ends Kenyan SUV maker’s journey

August 7, 2024
Autojournal car race

Get ready for the biggest RACE show this December in Nigeria

August 12, 2024
From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

October 25, 2024
Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

August 22, 2023

EDITOR'S PICK

Why Jaguar lovers in the UK must wait until 2026 for the all-new electric models

Why Jaguar lovers in the UK must wait until 2026 for the all-new electric models

November 13, 2024
Dubai floods bring transportation in world’s 2nd busiest airport to standstill

Dubai floods bring transportation in world’s 2nd busiest airport to standstill

April 23, 2024
2023 Toyota Land Cruiser SUV

Luxury on wheels: Nigerian Lawmakers to cruise in N300 million bulletproof vehicles

July 17, 2023
Morocco rolls out AI-driven ‘AMANE’ patrol vehicle to boost public safety

Morocco rolls out AI-driven ‘AMANE’ patrol vehicle to boost public safety

May 24, 2025

About

Auto Journal Africa is the leading online and print magazine for automobiles in Africa.

Follow us

Recent Posts

  • Hyped, Reserved, Forgotten: Why electric pickups failed to win over American truck buyers
  • Exclusive: Mercedes-AMG unveils ultra-rare GLS 63 Arctic Silver edition
  • Tesla Cybertruck drops about $35,000 in value in a year
  • At $99K, BMW’s 2026 M2 CS is its most powerful rear-wheel drive M car yet

Links

  • Privacy Policy
  • About Us
  • Contact Us
  • News
  • Reviews
  • Events
  • Tools
  • For Sale

© 2023 Auto Journal

No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa

© 2023 Auto Journal

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In