The company is giving a credit of $3,750 to US customers on its Model 3 and Model Y cars.
It's a rare move for the company, which has often said that it wouldn't discount cars.
Some customers have changed their minds about buying a car because of long delivery wait times, according to a report by Electrek, which cites sources familiar with the matter.
According to the report, some customers are pushing electric vehicle deliveries into the beginning of the next decade to take advantage of the new EV tax credit.
The credit is part of the Inflation Reduction Act signed by President Biden in August. The Model 3 and Model Y are both eligible for the credit.
By trying to push new vehicles out the door by the end of the fourth quarter, the company could be trying to avoid another disappointing quarter of deliveries. The company delivered 343,000 electric cars in the third quarter, which was less than analysts had expected.