Other car companies, including Lucid, are offering big incentives to Tesla customers to trade in their current EVs for a new one.
Lucid is offering a $4,000 trade-in allowance specifically for Tesla vehicles as part of their ongoing effort to attract Tesla owners.
The rivalry between Elon Musk and former Lucid CEO Peter Rawlinson may be driving this aggressive targeting of Tesla customers by Lucid.
Polestar is also attempting to poach Tesla owners, possibly due to concerns related to Musk's political involvement and work with DOGE, but the success rates of such promotions are unknown.