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In an effort to stimulate sales, Tesla has reintroduced 0% APR financing for the Model 3, making it a compelling option for buyers in light of the current high-interest-rate environment. This financing is available for new orders placed from March 3rd onward, with various terms to accommodate different buyer needs. This move comes at a critical time as Tesla seeks to increase sales and stay competitive against rival brands, which are also struggling with sales declines.
The Model Y, while not currently offering the same financing incentive, has significant inventory discounts available for older versions. These financial strategies are indicative of Tesla's adaptive methods to maintain their sales volume, especially as they transition to newer vehicle models.