Per Electrek.co "As we previously reported, Tesla has been suffering from a notable drop in demand due to the coronavirus crisis and economic downturn. "It is bad timing for the company since it happened right at the start of Model Y deliveries, which was expected to greatly increase sales for Tesla – thanks to an existing large backlog of orders. "However, we are hearing that many people are canceling their orders." ________________________________________________________________________ So, with the drop in demand and possible Model Y order cancellations, would Tesla offer 0% financing to increase sales?
If you lost your job and your 401k has become a 101k, it is hard to justify a new car purchase. With gasoline so cheap, even older cars are affordable to operate although there is no where to go. Bob Wilson
It's hard to know the future, but it is certainly possible we will see financing at some credit unions at 1% for a three year loan for the those with excellent credit. It's also possible that we will see some kind of federal tax credit for the purchase if any new vehicle once this virus gets under control.
In the early months of the pandemic, many businesses and consumers faced financial uncertainty and economic challenges, which led to reduced demand for new vehicles. It's possible that some Tesla customers may have canceled or postponed their orders during this period due to financial concerns or other factors related to the pandemic.
