Episode 502: Out With the Old (Model Y), in With the New (Model Y)
Mar 16, 2025
auto_awesome
Tesla has discontinued custom orders for the classic Model Y, marking the transition to its new generation. Exciting financing options for the Model 3, including a zero-percent loan, are unveiled. The Cybertruck's potential launch in Australia is on the horizon, while Rivian steps up with a buyback program for stranded Fisker Ocean owners. The podcast also dives into quirky EV innovations, like USPS delivery vehicles and the joy of personalizing Tesla features, all with plenty of listener interaction and insights on Tesla's future.
Tesla has discontinued custom orders for the classic Model Y, marking the transition to the second generation and reduced pricing for existing inventory.
The Model 3 financing incentive now features 0% interest for five years, enhancing accessibility against a backdrop of limited referral discounts.
Plans for the Cybertruck's launch in Australia highlight Tesla's strategy to fill market gaps with unique vehicle offerings in new regions.
Deep dives
End of Custom Orders for Model Y
Tesla has discontinued custom orders for the classic Model Y, signifying the end of the first generation of this best-selling vehicle. Customers interested in the older Model Y can only purchase existing inventory at discounted rates until stocks run out. Meanwhile, the new Model Y has launched with several enhancements, but currently only fully loaded versions are available for order in North America. This represents a unique transition phase where consumers can benefit from lower prices on older models while also pondering the high cost of launching the new version.
Model 3 Financing Incentives
The company has introduced a compelling financing incentive for the Model 3, featuring 0% interest rates for up to five years, a significant improvement over previous offers. This incentive aims to boost deliveries as Tesla moves toward the end of the first quarter, with a down payment requirement of 15%. Although the referral discount for the Model 3 has significantly dropped, the tax credit and financing deal help make the vehicle more accessible to a broader audience. This strategy could drive increased sales as potential buyers reevaluate the affordability of the Model 3.
Cybertruck's Expansion Plans
Tesla is actively pursuing plans to introduce the Cybertruck to the Australian market, identifying a gap for a full EV that meets the needs of Australian buyers. The country director noted that their discussions focus on launching the Cybertruck due to its unique capabilities compared to other vehicles currently available. The anticipated arrival of the Cybertruck in Australia is positioned as a strategic move to expand Tesla's fleet in markets with great potential. As production ramps up, customers may also expect the introduction of a more affordable variant to accompany its launch in new markets.
Discontinuation of Model S and Model X Sales in Japan
Tesla plans to cease new orders for the Model S and Model X in Japan by the end of March 2025 and will only sell from existing inventory after this date. This decision follows diminishing sales of the larger models, which have struggled to find traction in a market that typically favors smaller vehicles. The company has already stopped producing right-hand drive versions of these models, complicating sales in the region. Closing this market segment reflects Tesla's broader goal of optimizing its operations and resources to achieve a target of selling 20 million vehicles annually by 2030.
Rivian's Support for Fisker Ocean Owners
In a noteworthy move, Rivian has announced a buyback program for Fisker Ocean owners abandoned after Fisker's bankruptcy. This program offers several options, including selling their Ocean back to Rivian or trading it for a discount on Rivian’s R1T or R1S models. The initiative provides a much-needed safety net for owners affected by the lack of support and declining resale values. This collaboration between Rivian and Chase Bank aims to ease the burden for Fisker owners and demonstrates Rivian's commitment to supporting the electric vehicle community during challenging times.
Tesla is no longer offering custom orders for the classic Model Y, signaling the end of the line for the first generation of the world’s best-selling vehicle and the beginning of its second generation. Plus: Model 3 gets an impressive financing incentive, Cybertruck might finally be heading Down Under, Rivian is extending a hand to orphaned Fisker Ocean owners, and more! NOTE: The non-Tesla EV segment runs from 30:48-41:55 if you'd prefer to skip it.
If you enjoy the podcast and would like to support my efforts, please check out my Patreon at https://www.patreon.com/teslapodcast and consider a monthly pledge. Every little bit helps and there are stacking bonuses in it for you at each pledge level, like early access to each episode at the $5 tier and the weekly Lightning Round bonus mini-episode (AND the early access!) at the $10 tier! And NO ADS at every tier!
FOR FIRST-TIME TESLA BUYERS: The referral program is back and it's the best one in a while! You can get $500 off your Model 3 or classic Model Y purchase (or $1000 off of Cybertruck, Model S, or Model X) by ordering through my referral link. Clicking this will take you to the Tesla website where you can order with the discount applied: https://ts.la/ryan73014
And don't forget to leave a message on the Ride the Lightning hotline anytime with a question, comment, or discussion topic for next week's show! The toll-free number to call or Skype is 1-888-989-8752.
INTERESTED IN AN EXTENDED WARRANTY FOR YOUR TESLA? Be a part of the future of transportation with XCare, the first extended warranty designed & built exclusively for EV owners, by EV owners. Use the code Lightning to get $100 off their “One-time Payment” option! Go to www.xcelerateauto.com/xcare to find the extended warranty policy that's right for you and your Tesla.
P.S. Get 15% off your first order of awesome aftermarket Tesla accessories at AbstractOcean.com by using the code RTLpodcast at checkout. Grab the SnapPlate front license plate bracket for any Tesla at https://everyamp.com/RTL/ (don't forget the coupon code RTL too!).
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
