It's undeniable that Tesla has made a lasting impact on the automotive industry. Products such as the Tesla Model 3, the Model Y, the Model S, the Model X, and the Cybertruck have dramatically accelerated the adoption of EVs worldwide, fueling the company's explosive growth over the last decade.
Tesla has recently faced a global downturn for a number of reasons, and to make matters worse, its vehicle lineup has been somewhat stagnant, with only refreshes—rather than complete redesigns—of its bestselling Tesla Model Y and Model 3 working hard to keep the brand’s lineup current. This has allowed more traditional automakers to catch up, and there are now plenty of alternatives offering competitive range, performance, and pricing.
Rival automakers smell blood in the water and are responding with aggressive incentives aimed at luring Tesla owners out of their existing EVs and into a competing model.
Brands and dealerships are also looking to offload as many EVs as possible before the $7,500 federal tax credit is cancelled after September 30.
With this in mind, we rounded up some of the top deals shoppers can snag right now from Tesla competitors, aimed squarely at existing Tesla drivers. Be sure to note that individual dealerships may offer additional incentives on top of those listed below, and not all these offers may be available in your area.
Acura
The ZDX is the first all-electric vehicle from Acura. It was developed in conjunction with General Motors, as was the related Honda Prologue.
Incentives:
-
$4,000 toward the lease or purchase of a 2024 ZDX
-
No trade-in required
Limitations:
-
Offer expires September 2, 2025
-
Must be purchased or leased through Acura Financial Services
-
Applies only to 2014 or newer Teslas
-
Not compatible with other offers
Additional information:
Also includes 2014 or newer Audi, BMW, Cadillac, Chevrolet, Ford, Genesis, GMC, Honda, Hyundai, Infiniti, Kia, Lexus, Mazda, Mercedes-Benz, Nissan, Polestar, Rivian, Subaru, Toyota, Volkswagen, or Volvo vehicles
Ford
As one of the oldest surviving American car brands, Ford first dabbled in electric cars more than 100 years ago. Today, it offers a diverse lineup of electric models that include the Ford Mustang Mach-E crossover, the F-150 Lightning pickup truck, and the E-Transit.
Incentives:
-
$1,000 Tesla Open Conquest Cash to current Tesla owners
-
No trade-in required
Limitations:
-
Not compatible with other offers
-
Must purchase or lease by September 30, 2025
-
Not applicable to commercial or fleet customers
-
Only F-150 Lightnings in Platinum or Lariat trims are eligible
-
Does not include E-Transit
Jeep
The first EV from Jeep is the Wagoneer S—a midsize electric SUV that offers sleek styling and a tech-heavy interior.
Incentives:
-
$359 per month low-mileage lease
-
Up to a $12,250 cash allowance
-
No trade-in required
-
Eligible with other incentives
Limitations:
-
Expires September 2, 2025
-
Launch Edition trim only
-
Some deals vary according to region
Additional information:
- Applies to other brands besides Tesla
Lucid
This EV manufacturer was founded by ex-Tesla engineers and today builds the highly-acclaimed Lucid Air luxury sedan—which stunned the industry with its 500-plus-mile range estimates—and the new Gravity SUV.
Incentives:
- $2,000 for trading in a Tesla
Limitations:
-
Current deadline is August 31, 2025
-
Only available in TX, NY, NJ, MD, GA, CA, FL, CO, VA, AZ, MA, CT, NC, PA, WA, and IL.
-
Does not apply to the high-performance Lucid Air Sapphire
-
Dependent on the condition of the trade-in
-
Cannot be combined with the Loyalty Offer for existing Lucid owners
Additional information:
This offer isn't exclusive to Tesla owners. It also applies to current owners of Acura, Alfa Romeo, Audi, BMW, Cadillac, Genesis, Infiniti, Jaguar, Land Rover, Lexus, Lincoln, Mercedes, Maserati, Porsche, Rivian, Volvo, Aston Martin, Bentley, Ferrari, Ineos, Lamborghini, Lotus, McLaren, MINI, and Rolls-Royce.
Rivian
Rivian's R1T pickup truck (pictured) and R1S SUV are impressively powerful and off-road capable choices. They also return plenty of range on a full charge, along with clever features that are either exclusive to the brand or rarely offered in others.
Incentives:
-
$1,500 for trade-ins
-
Applicable with other lease offers
Limitations:
-
Eligible for Tri- Dual-motor models with the Large or Max Battery and Performance Upgrade.
-
Must be traded-in and ordered by September 1, 2025 and take delivery by September 30, 2025.
Additional information:
- Applies to other brands besides Tesla
Expired Incentives
Some automakers have offered Tesla conquest incentives that have recently expired. Even though these offers may no longer be available from the manufacturer itself, some dealerships may consider their own deals, so it certainly wouldn't hurt to ask.
-
BMW BEV Conquest Credit of $1,000 expired July 31, 2025
-
Cadillac Optiq: $2,000 off for eligible brands expired August 8, 2025
-
Chevy was offering $1,250 towards a Blazer EV or Equinox EV purchase or lease expired August 4, 2025
-
Dodge Charger: $2,000 in West Coast regions expired in spring/summer 2025
-
Kia Competitive Bonus Program: $1,000 off the price of an EV9 expired August 4, 2025
-
Polestar 3: $5,000 lease incentive expired April 30, 2025
There are plenty of ways in which carmakers are encouraging EV shoppers to lease or purchase ahead of the proposed September 30 end-date for the $7,500 federal tax credit. Regional dealer networks and individual dealerships have also offered incentives, and it's worth the extra time and research to see if they apply where you live, or if they'd be willing to consider a similar deal.