Elon Musk's Tesla hikes lease prices on all electric cars as US tax credit expires
1. Tesla raises lease prices following the expiration of a $7,500 federal tax credit. 2. Model Y leases increased to $529-$599; Model 3 to $429-$759 monthly. 3. EV demand shows signs of decline as tax credits for purchases expire. 4. Tesla's US market share dropped to 38%, an eight-year low in August. 5. Competition among EV manufacturers is intensifying in the market.