Tesla near halves UK monthly lease fee as sales slump: The Times

STORY: Tesla electric vehicles can be leased in the UK for around half the amount it cost a year ago.

That’s according to a Times report on Monday (August 18).

It said Tesla’s been forced to offer discounts of up to 40% to car leasing companies to shift more units.

The discounts are also due to the lack of storage space for Tesla vehicles in the UK, the report said.

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Reuters could not immediately confirm the report.

Tesla did not immediately respond to a Reuters request for comment.

Industry data showed Tesla's July sales in the UK fell about 60% to 987 units.

It also showed British new car registrations overall fell about 5% year-on-year in July.

Battery electric vehicles are now projected to account for just under a quarter of new registrations in 2025, according to the Society of Motor Manufacturers and Traders.

That’s slightly up from the trade association’s previous forecast. Related Videos

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