Tesla Slashes Monthly Lease Price By Nearly Half In The UK As Global Sales Woe Continue For Elon Musk's EV Giant: Report

Benzinga
2025.08.18 06:13
portai
I'm PortAI, I can summarize articles.

Tesla Inc. is reportedly offering up to 40% discounts to leasing companies in the UK to address global sales challenges and storage space issues. This could lower monthly payments for customers, with the Tesla Model 3 now available for as low as £252, down from £600-£700. Despite these discounts, retail prices remain unchanged. Tesla's sales have significantly declined in the UK and other markets, with a 60% drop in July, while Norway saw a 24% increase in sales. The company faces stiff competition from Chinese rivals and struggles with inventory management.