"If you're thinking of leasing a Tesla, you probably should've done it before Wednesday. The electric vehicle company increased lease prices on its US vehicles following the expiration of electric vehicle tax credits on Tuesday, which came as a result of President Donald Trump's One Big Beautiful Bill Act. Tesla has yet to increase non-lease prices. The monthly rate hikes for a 36-month lease for the Model Y and Model 3, for example, are now listed as:"
"Model Y: now $529 to $599 per month, up from $399 to $449 in August. Model 3: now $429 to $759 per month, up from $329 to $699 in August. Business Insider verified the lease hikes via archived versions of Tesla's website. The news was reported earlier by Reuters. An archived version of the Model 3's page on Tesla's website, dated August 22, included the phrase: "Lease includes $7,500 incentive. Ends Sept 30.""
"Under President Joe Biden's "Inflation Reduction Act," the US government offered a $7,500 tax credit for new electric vehicles and $4,000 for used electric vehicles. Trump's megabill made those credits expire after September 30. The company's CEO, Elon Musk, had loudly opposed the passage of the bill as Republicans in Congress worked on it over the summer. It was a key reason for the former DOGE leader's feud with Trump."
The federal EV tax credit expired after September 30 because of President Trump's One Big Beautiful Bill Act. Tesla increased US lease prices on its vehicles following the expiration while non-lease prices remained unchanged. A 36-month Model Y lease now lists $529–$599 per month, up from $399–$449 in August; a Model 3 lease now lists $429–$759, up from $329–$699. Archived Tesla pages showed leases included a $7,500 incentive that ended Sept 30. Business Insider and Reuters verified the lease changes. The "Inflation Reduction Act" had offered $7,500 for new and $4,000 for used EVs. Elon Musk loudly opposed the bill and referenced forming an "America Party."
Read at Business Insider
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