Tesla's car rental prices in the UK have nearly halved! Sales plummet, forcing a 40% channel discount

According to reports, the cost for UK car owners to lease Tesla electric vehicles has dropped by nearly half compared to a year ago. The report indicates that to boost sales, Tesla has had to offer discounts of up to 40% to car rental companies. The report also reveals that the introduction of the discount strategy is due to Tesla's severe inventory backlog in the UK. This report has not yet been officially confirmed, and Tesla has not immediately responded to requests for comments. According to the latest data from the Society of Motor Manufacturers and Traders (SMMT), Tesla's sales in the UK in July plummeted by about 60% year-on-year, with only 987 vehicles sold. During the same period, the overall new car registration in the UK decreased by about 5% year-on-year. Notably, SMMT has slightly adjusted its forecast for the share of pure electric vehicles in new car registrations in 2025 to 23.8%, up from the previous forecast of 23.5%