- The Times reports that a lack of storage has led to discounts
- UK -Customers can rent a Tesla for 40% less than last year
- In the US, Tesla offers enticing bundles to increase sales
Tesla has cut the monthly leasing costs for its vehicles in the UK in an attempt to increase sales and clear excess inventory, Times has reported, with discounts of up to 40%offered to car owners to help change stock – while the EV giant also offers new offers in the US to increase sales.
The fierce British discounts apply to both the newly refreshed model 3 and model Y vehicles, where the times that claim that the former can be rented for £ 252 a month plus tax, or about $ 410 / AU $ 630. Rille a year back and the exact same lease could cost between £ 600 and £ 700 per year. Month.
Although model Y £ 60,000 has not been reduced to its retail price, it has been announced for around £ 400 (about $ 540 / AU $ 830) per day. Month on some of the Teslas trusted leasing partner sites.
In the United States, the company has tried to shake its pricing strategy and place its aging Model S and Model X vehicles as multiple Premium proposals by making a new $ 10,000 ‘Luxe Package’ standard across the series.
This sees Model S now starts at $ 94,990 and Model X costs an eye-watering $ 99,990, but the package bundles at high levels of autonomous driving via full self-propelled (monitored), premium connection and a four-year ‘premium service’ covering routine maintenance costs.
It also sees the return of free supercharging, which has been dangled as an incentive several times in the last few years, but no longer lasts the life of the vehicle.
Tesla loses control of the EV market
According to the latest data from the Society of Motor Manufacturers and Traders (SMMT), Tesla’s sales in the UK fell by 60% in the UK in July and pushed its total market share to only 0.7%.
BYD, on the other hand, accounted for 2.3% of all new registrations during the same period when the Chinese company stacked in the pressure on several other European markets.
Tesla makes it difficult to find out exactly how good Model S and Model X performs in the United States, with its quarterly delivery reports that account for Model 3 and Model Y sales, with everything else bundled in a ‘other models’ category that includes cyber truck and its semi.
But it seems that overall sales are fighting, as Electrek estimates that the company was down with approx. 15% in the first quarter of this year compared to the same period in 2024.
When offering increased its foothold in Europe, and an increasing number of Chinese rivals that seem to be emerging monthly, Tesla is facing the toughest competition yet.
It’s not a good time to be a Tesla shareholder, but the big discounts are good news for anyone considering leasing a Tesla.
