Tesla has significantly lowered lease pricing across several of its most popular vehicles in the U.S., cutting monthly rates by as much as 23%. The new lease prices went live this week and appear to be part of a broader effort to boost short-term demand heading deeper into the final quarter of 2025.
According to Tesla’s website, here’s how the new lease rates compare to previous pricing:
The timing of the discounts suggests this may be a strategic move to maintain sales momentum after the expiration of the $7,500 federal EV tax credit, which had previously helped fuel record-breaking deliveries for Tesla. During the third quarter of 2025, the automaker delivered 497,099 vehicles — its highest quarterly total to date — before the tax credit expired at the end of September.
While Tesla recently introduced new, more affordable versions of the Model 3 and Model Y earlier this month, dubbed the Model 3 Standard and Model Y Standard, these cheaper trims are currently not available to lease. For now, customers can only lease the higher-end versions of Tesla’s mainstream vehicles — the Premium (previously known as Long Range) and Performance variants.
For the Model Y, that means customers can choose between the Premium Rear-Wheel Drive or Premium All-Wheel Drive trims. The Model 3 is available to lease in Premium RWD, Premium AWD, and Performance configurations. Tesla lets customers buy out their leased vehicles at the end of the term, regardless of which model they drive.
With Tesla aggressively pushing lease deals, the move is likely aimed at offsetting potential demand softening following the loss of the federal tax incentive while keeping quarterly delivery numbers strong heading into the year’s end.
