---
title: "Tesla promotes 1.99% APR financing offer for Model 3 and Model Y in US"
description: "Tesla is promoting a 1.99% APR financing offer for the Model 3 and Model Y in the US to encourage buyers to take delivery by the end of Q3 2024. The offer is available for certain trims and financing "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/210601863.md"
published_at: "2024-08-02T14:29:07.000Z"
---

# Tesla promotes 1.99% APR financing offer for Model 3 and Model Y in US

> Tesla is promoting a 1.99% APR financing offer for the Model 3 and Model Y in the US to encourage buyers to take delivery by the end of Q3 2024. The offer is available for certain trims and financing plans up to 72 months. Other promotions include free Supercharging and free FSD transfer. Elon Musk has expressed optimism about surpassing Tesla's 2023 sales record this year.

Tesla has started promoting a 1.99% APR financing offer for the Model 3 and Model Y in the United States. The incentive seems designed to encourage potential buyers to take delivery of a new Tesla by the end of the third quarter of 2024.

Tesla announced the promotion on its official Tesla North America account on social media platform X. As could be seen in the Model 3’s order page, the 1.99% APR financing offer is available for the Model 3 Long Range Rear Wheel Drive (RWD), Model 3 Long Range All Wheel Drive (AWD), and the Model 3 Performance. The offer is not available on the base Model 3 RWD, which is financed with a 5.99% APR.

> 1.99% APR financing now available for Model 3 Long Range & Performance trims in the US
> 
> Applies to new orders placed before 8/31, must take delivery by 9/30https://t.co/eqpjGuewQ2
> 
> — Tesla North America (@tesla\_na) August 2, 2024

For the Model Y, the 1.99% APR financing offer is available across the all-electric crossover’s full lineup — the Model Y Long Range RWD, Model Y Long Range AWD, and the Model Y Performance.

For both the qualified Model 3 variants and the Model Y, the 1.99% APR offer is applicable for financing plans of up to 72 months. A look at the order pages for the Model 3 and Model Y shows that customers would get an 3.99% APR if they opt for Tesla’s longest financing option of 84 months.

It should be noted that the 1.99% APR offer for the Model Y is valid for orders that are placed that are placed from July 18 to August 31, 2024. For Model 3 customers, the 1.99% APR financing offer is valid for orders placed from August 1-31, 2024. Customers must also take delivery of their Model 3 or Model Y by September 30, 2024 to qualify for the promotion.

Tesla watchers have observed that the electric vehicle maker seems to be running several promotions to encourage sales this quarter. These include free Supercharging for Model S, 3, X, and Y orders, free FSD transfer, free paint options for the Model 3 Performance, and free seating layout for the Model X AWD, among others.

> Updated list of all the promotions @Tesla is currently running in the US:
> 
> • 3 free months of Supercharging (take delivery of an S/3/X/Y by August 15th, finance purchases are not eligible for Supercharging Incentive)  
> • Free FSD transfer (take delivery by Sept 30th)  
> • 1.99%… pic.twitter.com/Qgv7EFJq8A
> 
> — Sawyer Merritt (@SawyerMerritt) August 2, 2024

Elon Musk has previously noted that Tesla could beat its 2023 sales record this year. Tesla delivered 1,808,561 vehicles worldwide last year, and as of the end of the second quarter, the company had delivered 830,776 vehicles globally. For Tesla to exceed FY 2023’s global sales, the company would have to deliver about 978,000 vehicles between Q3 and Q4 2024.

*Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.*

The post Tesla promotes 1.99% APR financing offer for Model 3 and Model Y in US appeared first on TESLARATI.

### Related Stocks

- [TSLL.US - Direxion Daily TSLA Bull 2X Shares](https://longbridge.com/en/quote/TSLL.US.md)
- [TSLA.US - Tesla](https://longbridge.com/en/quote/TSLA.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Slate pricing to be revealed in June, ‘Blank Slate’ truck still expected in the mid-$20k range | Slate Auto, an EV startup, will reveal pricing for its "Blank Slate" electric pickup in June. The model is expected to b | [Link](https://longbridge.com/en/news/276367534.md) |
| Official Slate Truck Pricing Is Coming In Late June | Slate Auto is set to reveal pricing for its affordable electric pickup truck, the "Blank Slate," in late June. CEO Chris | [Link](https://longbridge.com/en/news/276389542.md) |
| Tesla Paid No Federal Income Tax While Elon Musk Could Earn $3 Billion More Than U.S. Teachers Combined, Says Robert Reich —'See the Problem?' | Tesla reported paying no federal income tax in 2025, despite having $5.7 billion in pretax income. Former Labor Secretar | [Link](https://longbridge.com/en/news/276133290.md) |
| ANALYSIS-US automakers caught in crossfire of Trump, California EV battle | A legal battle between the Trump administration and California over auto-pollution regulations could have significant fi | [Link](https://longbridge.com/en/news/276323878.md) |
| L & S Advisors Inc Has $464,000 Position in Tesla, Inc. $TSLA | L & S Advisors Inc reduced its stake in Tesla, Inc. (NASDAQ:TSLA) by 93% in Q3, holding 1,043 shares valued at $464,000. | [Link](https://longbridge.com/en/news/276442380.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
