Tesla almost halves monthly leasing payments in UK as sales drop - report

[Tesla Model Y display at a dealership. Tesla offers the Model Y with driving range of up to 320 miles. MY:2025]
jetcityimage

* British motorists can now lease a Tesla (NASDAQ:TSLA [https://seekingalpha.com/symbol/TSLA]) electric vehicle for just over half of what they would have paid a year ago, _The Times_ reported on Monday.
* The Elon Musk-run electric car maker has been forced to offer discounts of up to 40% to car leasing companies to shift more units, the report said.
* The discounts are also due to the lack of storage space for Tesla vehicles in the UK.
* Tesla's (NASDAQ:TSLA [https://seekingalpha.com/symbol/TSLA]) new car sales [https://seekingalpha.com/news/4478299-teslas-market-share-in-the-uk-falls-below-1-in-july-after-demand-weakens] in Britain fell almost 60% in July on a year-over-year comparison to just 987 units, according to tracking from the Society of Motor Manufacturers and Traders.

MORE ON TESLA

* Tesla: The Fatal Mistake Bears And Shorts Keep Making [https://seekingalpha.com/article/4814046-tesla-the-fatal-mistake-bears-and-shorts-keep-making]
* Musk's Big Beautiful Vision Keeps Tesla From Being A Sell (Downgrade) [https://seekingalpha.com/article/4813250-musk-big-beautiful-vision-keeps-tesla-from-being-a-sell-downgrade]
* Tesla: The $1 Trillion Valuation Is Fairly Justified By Optionalities [https://seekingalpha.com/article/4813034-tesla-the-1-trillion-valuation-is-fairly-justified-by-optionalities]
* Stocks retail investors love the most [https://seekingalpha.com/news/4486335-stocks-retail-investors-love-the-most]
* SA Asks: Can Tesla's robotaxi service beat Waymo? [https://seekingalpha.com/news/4485820-sa-asks-can-teslas-robotaxi-service-beat-waymo]