Courtesy of Tesla

You Can Get A New Tesla Model 3 For $20,000 In New Jersey (Maybe)

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

There’s been much discussion this year about bringing down the upfront price of a Tesla, and about how much demand actually exists for cars that have an upfront price of $40,000 or $50,000. As we’ve pointed out approximately half a million times, if you take subsidies into account (not to mention lower operational costs), the “price” of a Tesla can be much lower than we typically assume. However, someone on Twitter who goes by the name “Sami” has gone beyond the norm in order to show that you can actually get a Tesla Model 3 in New Jersey for just $19,590 at the moment. Here’s his tweet:

To spell that out a little more, he’s using the lowest starting price he can find from inventory vehicles in New Jersey ($35,090), then subtracting the $7,500 federal EV tax credit, then subtracting a $4,000 New Jersey tax credit for EVs, then subtracting a new $4,000 discount from Tesla for Uber drivers, and then including the $1,000 discount for Cybertruck reservation holders. The result is a $19,590 price tag. Add in basic fees and it comes to $21,230.

Now, I’m not 100% sure you can stack all of those incentives. But if you can, you can genuinely get a Tesla Model 3 for just about $20,000! Well, in New Jersey.

There’s also one potential hitch. It seems the state is running out of its pool of money for the $4,000 NJ tax credit. One person responded, “The $4K NJ isn’t available anymore otherwise would get the LR Model 3.” However, Sami contends that it is. He sees the following:

I see the same thing.

So, yes, it seems some humans could theoretically get a brand new Tesla Model 3 for just $20,000, presuming the $4,000 NJ tax credit is still available, presuming you are looking to use the car for Uber driving, presuming you have a Cybertruck reservation, and presuming you could use the whole $7,500 federal EV tax credit. Good luck shopping!


Have a tip for CleanTechnica? Want to advertise? Want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Latest CleanTechnica TV Video


I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it!! So, we've decided to completely nix paywalls here at CleanTechnica. But...
 
Like other media companies, we need reader support! If you support us, please chip in a bit monthly to help our team write, edit, and publish 15 cleantech stories a day!
 
Thank you!

Advertisement
 
CleanTechnica uses affiliate links. See our policy here.

Zachary Shahan

Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], ChargePoint [CHPT], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], Albemarle Corporation [ALB], Nouveau Monde Graphite [NMGRF], Talon Metals [TLOFF], Arclight Clean Transition Corp [ACTC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.

Zachary Shahan has 7286 posts and counting. See all posts by Zachary Shahan