Tesla makes first move to counter loss of $7500 EV tax credit

"Tesla has made its first move to counter the loss of the $7,500 electric vehicle tax credit by offering a $6,500 lease credit, which it is offering internally. Essentially, Tesla is reducing the price of a vehicle for those who choose to lease the vehicle by $6,500, which is a bit of a double-edged sword. However, it appears the company had this strategy ready to fire with the expiration of the EV tax credit, which occurred last night."

"Tesla is offering the lease credit automatically, it says on its website, as the monthly payment amount already reflects the $6,500 discount. The company said in its terms: "Monthly lease payment already includes the $6,500 Tesla lease credit, which is subject to change or end at any time. Order does not guarantee eligibility." The lease credit offer mostly offsets the loss of the tax credit, although, from a financial standpoint, it seems Tesla will take a bit of a hit in its profit margins."

Tesla is offering an internal $6,500 lease credit that is automatically reflected in monthly lease payments to partially offset the expired $7,500 federal EV tax credit. Monthly lease payments already include the $6,500 discount, and terms specify the credit is subject to change or end and that orders do not guarantee eligibility. Tesla increased lease pricing for the Model 3 and Model Y by up to 11 percent after the tax credit expiration, raising typical monthly payment ranges. The lease credit mostly offsets the tax-credit loss but will pressure Tesla's profit margins. Default lease options include a $3,000 down payment.

Read at TESLARATI