Tesla Slashes UK Lease Prices Amid Sales Decline
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BTCCSquare news:
Tesla has dramatically reduced monthly lease fees for its electric vehicles in the UK, cutting prices by nearly half compared to last year. The MOVE comes as the automaker faces a steep sales slump, with July registrations dropping 60% to just 987 units.
Industry sources reveal Tesla is offering leasing companies discounts of up to 40% to clear inventory. Storage constraints at UK facilities have compounded the pressure to move vehicles. The broader UK auto market saw a 5% annual decline in July, though electric vehicle adoption continues to grow - now forecast to comprise 23.8% of new registrations by 2025.
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