Tesla hikes lease prices as US electric vehicle tax credit expires

Core Viewpoint - Tesla has increased lease prices for all its vehicles in the U.S. following the expiration of a $7,500 federal tax credit that previously supported electric vehicle sales [1][2] Group 1: Price Changes - The monthly lease price for Tesla's best-selling Model Y has risen to a range of $529 to $599, up from $479 to $529 [2] - Model 3 lease prices have increased to a range of $429 to $759 per month, compared to the previous range of $349 to $699 [2] - Despite the increase in lease prices, the prices of all vehicles remain unchanged [2] Group 2: Market Dynamics - Demand for battery-powered vehicles is showing signs of a slowdown after rapid growth earlier in the decade, with potential sales drops anticipated following the end of tax credits [3] - Tesla's U.S. market share has decreased to approximately 38% in August, down from over 80% previously, marking its lowest level in nearly eight years [3][4] - The decline in market share is attributed to consumers opting for electric vehicles from a growing number of competitors [3][4]