Tesla has announced significant incentives across its two-model electric vehicle (EV) range, after reporting the biggest sales decline of any brand in Australia bar Lotus and Aston Martin last month.

Via its public website and in an email to potential customers yesterday (August 5), Tesla is offering $3000 towards the purchase of a Model Y mid-size SUV in the form of a Novated Lease Incentive or Lending Incentive.

The only catch is you must take delivery before September 30 and, in the case of novated lessees, order and apply to purchase a new Model Y through an approved novated lease provider by September 20.

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To receive the Lending Incentive, which will also come in the form of a reduced purchase price and in this case applies to both new and demonstrator Model Y vehicles, borrowers must order and apply for finance through a Tesla Preferred Financier, Plenti or Westpac Banking Corporation by September 26.

In addition, Tesla is offering generous trade-in bonuses – $2000 for Model Y customers and $3000 for buyers of the Model 3 sedan – to people who trade in their existing vehicle for either a new or demonstrator vehicle ordered and delivered by September 30.

Existing Tesla owners who take delivery of a new Model 3 or Model Y by September 30 can also transfer Enhanced Autopilot or Full Self-Driving Capability from their current vehicle for no extra charge.