TSLA: Tesla Fights UK Sales Crash with Deep Leasing Discounts
Tesla (: TSLA), Elon Musk's electric vehicle manufacturer, is providing discounts of up to 40 percent to UK car leasing companies to boost declining sales.
Quick overview
- Tesla is offering discounts of up to 40% to UK car leasing companies to address declining sales.
- The company is facing challenges with a rapidly declining global market share and a shortage of storage space for vehicles.
- Leasing a Tesla Model 3 for 36 months is now available for as low as £252 plus VAT, a significant drop from previous prices.
- Tesla has not reduced the headline prices of its electric cars despite implementing aggressive pricing strategies and discounts.
Tesla (: TSLA), Elon Musk’s electric vehicle manufacturer, is providing discounts of up to 40 percent to UK car leasing companies to boost declining sales. The company is facing challenges as its global market share continues to decline rapidly.
According to industry sources cited by The Times, the shortage of storage space for Tesla vehicles is another reason for the discounts, which are implemented through lower monthly payment plans for customers.
According to the report, leasing a Tesla Model 3, the company’s most popular vehicle, for 36 months is now available for as little as £252 plus VAT. This is a significant decrease from a year ago, when monthly payment plans could have ranged from £600 to £700. Tesla in the UK is currently offering customers zero-interest financing options, which may cost the EV manufacturer approximately £6,000 over three years for a vehicle priced at £40,000.
The company has not yet reduced the headline prices of its electric cars. Tesla’s aggressive pricing strategies and discounts emerge as it encounters ongoing competition in the European auto market
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