Tesla Ends Model 3 Lease Deals as Prices Dip Below $35,000

Tesla Ends Model 3 Lease Deals as Prices Dip Below $35,000

Tesla announced on February 26, 2025, that it will discontinue its leasing deals for the Model 3, effective on March 3, 2025. The decision comes as the price of the Model 3 has recently dropped below the $35,000 mark, making it more accessible for a broader range of consumers. The current base price starts at $34,999, allowing potential buyers to consider outright purchases as an appealing option.

 

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In response to market shifts and increasing competition, Tesla's price reduction aims to stimulate demand further in the electric vehicle sector. This change reflects the company's strategy to improve affordability while maintaining competitive advantage in the rapidly evolving EV market. Following the announcement, analysts predict a spike in sales leading up to the termination of leasing options.

Tesla continues to focus on expanding its consumer base while enhancing its vehicle offerings. With the imminent end of lease deals, customers are encouraged to act quickly to secure one of the last opportunities for leasing the popular Model 3 before it transitions to a buy-only model.


 

 

Source: forbes

                                                      

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