Tesla Inc. is launching a new incentive to boost vehicle sales in the fourth quarter by offering unlimited overnight charging for customers who purchase a new electric vehicle before December 31st. The service, called Tesla Electric, automatically manages electricity transactions for Powerwall owners and offers protection against peak prices.
Currently operational in Texas and the UK, Tesla Electric aims to expand its virtual power plant efforts. As part of this strategy, Tesla is targeting record vehicle deliveries in Q4 2024, aiming to sell over 515,000 units.
This offer comes as Tesla’s energy segment sees significant growth, with revenues reaching $2.376 billion in Q3 2024, a 52% increase compared to the previous year. The company has also seen a record gross margin of 30.5%, driven by the Powerwall product’s high demand.
Eligible customers who take delivery of a new vehicle within this timeframe will receive unlimited overnight charging for just $5 per month for a year, making it an attractive option for buyers in Texas areas with specific electricity providers.
Source: https://www.benzinga.com/markets/equities/24/11/42081589/tesla-electric-offers-unlimited-overnight-charging-for-just-5-a-month-as-ev-giant-races-toward-500k-sales-target