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Tesla slashes UK leasing prices as July sales plunge 60%: The TImes
Tesla offers up to 40% leasing discounts in the UK amid a 60% sales drop in July, driven by storage shortages and competition from Chinese electric vehicle makers.
- Tesla sharply reduced its UK lease fees on Monday, offering discounts of up to 40% amid storage shortages and Chinese competition, sources said.
- Earlier this month, SMMT reported July registrations fell over 60% to 987 units, down from 2,462.
- Tesla Model 3 leases now start at 252 plus VAT per month, down from 600–700, with Silverstone Leasing offering it on 36-month contracts.
- Tesla is offering discounts to leasing companies in the UK amid global sales woes, while maintaining sticker prices and offering zero-interest financing to move inventory.
- Amid global pressure, Tesla confronts both share losses and fierce competition from Chinese manufacturer BYD, with its stock price down more than 18% year to date.
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Tesla Slashes Monthly Lease Price By Nearly Half In The UK As Global Sales Woe Continue For Elon Musk's EV Giant: Report - Tesla (NASDAQ:TSLA)
Tesla Inc. (NASDAQ:TSLA) is reportedly offering discounts to leasing companies in the UK as Elon Musk's EV giant continues to grapple with sales woes globally. Up To 40% Discounts To Leasing Companies Amid Storage Space Woes Tesla is offering up to 40% off to leasing companies, which could translate to lower monthly payments for customers, to move units out of the lots and into people's homes, The Times reported on Sunday. The discounts come as …
·New York, United States
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Coverage Details
Total News Sources17
Leaning Left0Leaning Right1Center7Last UpdatedBias Distribution88% Center
Bias Distribution
- 88% of the sources are Center
88% Center
C 88%
13%
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