Tesla Offers Steep Discounts to Leasing Firms to Boost European Sales

Tesla is offering up to 40% discounts to leasing firms in the UK and Europe to boost sales and counter stiff competition from Chinese electric vehicles. The discounts will be offered through affordable monthly payment plans, with a Tesla Model 3 available for as low as £252 plus VAT for a 36-month contract. Tesla has not reduced the sticker price of its vehicles but is offering zero-interest financing to buyers. This incentive could cost the company around £6,000 over three years for a vehicle priced at £40,000.