Tesla lowers lease prices on the Model 3 and Model Y
Tesla
Tesla has revamped its leasing program to align with the swiftly changing electric vehicle landscape. Historically, consumers primarily purchased EVs outright, but the tide is turning. By June 2023, an impressive 22% of new EVs on the road were leased, showing a significant jump from 13% in June 2022. This shift highlights the growing allure of flexible ownership, particularly in the evolving EV market.
Year-End Incentives and Performance Targets
Tesla's recent overhaul of its leasing options seems tailored to cater to this rising interest in leasing. This strategic move taps into current market dynamics and positions Tesla to bolster its year-end performance.
The company's communication about the potential reduction of the $7,500 tax credit for the Model 3 to $3,750 by the end of the year could spur many to finalize their purchase or leasing decisions, aiding Tesla's Q4 figures — especially after the Q3 hiccups.
Making Tesla EVs More Accessible: The Revamped Lease Prices
For consumers on the fence about transitioning to an EV, Tesla's enticing lease rates could tip the scales:
Tesla Model 3 Lease
Model 3 Rear Wheel Drive: A drop from $419 to a tempting $329/month.
Model 3 Long Range: Now at $439/month, down from $509.
Model 3 Performance: An attractive $529/month reduction from $609.
Tesla Model Y Lease
Model Y Rear Wheel Drive: A slash from $499 to a competitive $399/month.
Model Y Long Range: A decrease from $549 to $469/month.
Model Y Performance: A revised rate of $539/month, down from $629.
These attractive prices are for a 36-month lease term, covering a yearly distance of up to 10,000 miles.
Influence on the Broader EV Marketplace
Tesla's dynamic pricing and leasing strategies, while aimed at broadening its consumer base, are also poised to impact the larger EV market. The EV leasing trend is gaining traction; other industry players are already experimenting with innovative solutions. For instance, Hyundai introduced a month-to-month EV "subscription" and offerings from startups like Autonomy, which provide monthly subscription models for a diverse range of EVs.
Tesla's refreshed leasing approach and timely communication regarding potential changes to tax credits reflect its commitment to staying ahead in a rapidly shifting market. As 2023 draws to a close, Tesla's moves indicate a strong desire to end the year on a high note - again.
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Like clockwork, it’s time for the opportunity to submit questions for Tesla’s Q1 2025 Earnings Call. Q1 has historically been difficult for Tesla and other auto manufacturers in general, but doom-and-gloom aside, there’s plenty more to be excited about, including upcoming improvements to FSD and the first phase of Tesla’s Robotaxi network.
Earnings Q1 2025 Questions
Tesla is gearing up for its Q1 2025 Earnings Call, providing an opportunity for shareholders to once again submit and vote on questions they want to be addressed during the event. Tesla has already announced the lower-than-expected delivery numbers for Q1 2025, and also held a Public All-Hands Meeting for the first time, so we’re interested to find out what answers to some of these questions during their Q&A session.
Most Popular Questions
When will FSD unsupervised be available for personal use on personally-owned cars?
Is Tesla still on track for releasing “more affordable models” this year? Or will you be focusing on simplified versions to enhance affordability, similar to the RWD Cybertruck?
Robotaxi still on track for this year?
How is Tesla positioning itself to flexibly adapt to global economic risks in the form of tariffs, political biases, etc.?
Regarding the Tesla Optimus pilot line, could you confirm if it is currently operational? If so, what is the current production rate of Optimus bots per week? Additionally, how might the recent tariffs impact the scalability of this production line moving forward?
Did Tesla experience any meaningful changes in order inflow rate in Q1 relating to all of the rumors of “brand damage”?
When will Tesla Insurance be available in all 50 states. I’m from Idaho, and I’m surrounded by states where it is available, but it isn’t available in my state.
How is the company planning to deal with the impact of Elon’s partnership with the current administration?
is there a possibility of a stock split if so what would it be
Questions and voting are conducted through Say, a third-party platform that validates share ownership. Once your ownership is verified, you can use your shares to vote, with your vote weight corresponding to the number of shares you hold. Submitting a question initially gives it votes equivalent to your number of shares.
Below, we also compiled a list of the top questions going into the Earnings Call, which takes place a week from today.
The Earnings Call itself will take place on April 22, at 5:30 PM EDT (2:30 PM PT). Links to the live stream will be made available closer to the event. A recap of the key points will also be provided as usual, so stay tuned for that in the hours after the call.
With Q1 2025 now behind us, another round of Tesla’s Supercharger Voting has wrapped up. The previous vote took place back in December, and we now get to see which locations came out on top.
Let’s take a look at the Q1 2025 winners of the Supercharger Vote:
North America
🇺🇸 Lake Wales, FL
🇺🇸 Henderson, NV
🇺🇸 Clarksville, TN
🇺🇸 Roswell, NM
🇺🇸 Long Beach, CA
🇺🇸 Decatur, IL
🇺🇸 McAlester, OK
Europe
🇬🇧 Bournemouth, United Kingdom
🇮🇹 Bari, Italy
🇵🇱 Wrocław, Poland
🇨🇿 Hradec Králové, Czech Republic
Asia-Pacific
🇰🇷 Namyangju - South Korea
🇦🇺 Nicholls, Australia
Supercharger Voting Q2 2025
Another quarter means another round of Tesla's Supercharger Voting, giving Tesla owners the chance to influence where new Supercharger sites will be built. Following the Q1 2025 voting round, Tesla is now opening the polls for Q2 2025.
How to Vote
To participate in the Q2 2025 Supercharger Voting, visit the Tesla Supercharger Voting page and sign in to your Tesla account. You can vote for up to five different locations, with a limit of one vote per location, every three months. The most popular Superchargers are displayed on the leaderboard, and you can also suggest new locations for future voting cycles.
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