Tesla Is Offering $5,000 For Model S & X Owners With Unlimited Supercharging Who Trade In Their Vehicle

When Tesla first launched the Model S back in 2012, electric vehicles were still a novel technology and there was a lot of confusion as to how they could be charged.

To alleviate this concern, together with the Model S back in 2012, Tesla also launched the supercharger network. Tesla started out with 6 supercharger stations located throughout California.

As of Q4 2022, Tesla’s supercharger network has grown to over 40,000 superchargers in more than 4500 stations. And electric vehicles have also interred the mainstream, with Tesla Model Y last year becoming the best-selling vehicle in the world by revenue and reaching annual deliveries of over 750,000 units.

However, before Tesla reached its current state, in the early days of the Model S, the EV maker had to offer several incentives to convince people to buy their first electric vehicle.

Related News: Tesla Begins 4680 cell Manufacturing At Giga Berlin Less Than A Year Since Start Of Construction

Two of the substantial incentives that Tesla no longer offers are, first, Elon Musk with his own money used to guarantee every Model S owner that their vehicle will at least hold 50% of its value after 3 years, and second, Tesla used to offer free, unlimited, lifetime supercharger access to anyone who bought the Model S and later the Model X.

However, after electric vehicles started to gain mass acceptance, in late 2016, Tesla decided free supercharging was not sustainable and decided that new cars would only receive 400kwh included per year, the rest paid for.

This was disappointing for several Tesla owners and some early Model S & X owners have even refrained from upgrading their vehicles in order to not lose their unlimited free supercharger access.

However, today Tesla has sweetened the deal for these owners to upgrade their vehicles by offering $5,000 towards their trade-in value for a Model S or Model X with active unlimited free Supercharging.

BREAKING: Current Tesla Model S or Model X owners with active unlimited free Supercharging are now eligible for an additional $5,000 toward their trade-in value. To qualify, owners must trade in their Model S or X with unlimited free Supercharging & purchase a new Model S or X. pic.twitter.com/332ZR5F59j— Sawyer Merritt (@SawyerMerritt) February 16, 2023

According to Tesla’s official announcement, owners are only eligible to receive the $5,000 if they purchase the refreshed Model S & X, meaning Model 3 & Y buyers who chose to trade in their vehicle with free, unlimited supercharger will not get the offer.

Although it differs from individual to individual, this offers seems very generous on Tesla’s part and will likely convince a lot of owners to finally pull the trigger and update their vehicle.

This will be especially apparent when we take into consideration that every eligible trade-in vehicle is 7 to 11 years old and that $5,000 is equivalent to over 40,000 miles in supercharger use.

Currently, in addition to the US Tesla is also offering a similar incentive program to early Model S & X owners in Canada. And we will be sure to keep you posted if this move spurs demand for Tesla’s higher-end vehicles.

Until then make sure to visit our site torquenews.com/Tesla regularly for the latest updates.

So what do you think? Is $5,000 enough to forego free unlimited supercharging? Also, what do you think this offer says about demand for the refreshed Model S & X? Let me know your thoughts in the comments below.

Image: Courtesy of Tesla, Inc.

For more information check out: Upgrading Production Lines for the New Tesla Model 3 In Giga Shanghai

Tinsae Aregay has been following Tesla and The evolution of the EV space on a daily basis for several years. He covers everything about Tesla from the cars to Elon Musk, the energy business, and autonomy. Follow Tinsae on Twitter at @TinsaeAregay for daily Tesla news.