Tesla hikes lease price for all US models as $7,500 EV tax credit expires, website shows
1. Tesla increased lease prices due to expiring $7,500 tax credit for EVs. 2. The price hike may affect demand amidst rising vehicle costs.
FAQ
Why Bearish?
Historically, price increases can deter consumers, potentially reducing sales. This follows a pattern seen when Tesla raised prices in previous years, which correlated with slower sales growth.
How important is it?
The lease price increase directly affects consumer affordability and demand, impacting sales forecasts. Given Tesla's reliance on volume for revenue growth, this change is significant.
Why Short Term?
Immediate impact expected as consumers react to higher lease costs. Similar price hikes in the past showed quick consumer reactions.