Tesla Hikes US Lease Prices Post-Tax Credit, Analysts Remain Bullish
Tesla has raised its leasing prices in the USA following the expiration of the federal tax credit for electric vehicles. The move comes as analysts predict record-breaking Q3 delivery numbers and a class-action lawsuit alleges overstated autonomous driving capabilities.
The federal tax credit of $7,500 for electric vehicles in the USA expired on September 30, 2023. In response, Tesla increased its monthly leasing rates for the Model Y to $529 to $599. The Model 3 also saw a price hike post-tax credit expiration. Despite this, most analysts still recommend buying Tesla shares, with 9 out of 12 advising a buy, 1 recommending hold, and 2 advising sell. The average price target is about $425.67, slightly below the current price, and the 6-month rating trend remains 'Buy' as of late September 2025.
Tesla launched the updated Model Y Performance 'Juniper' just before the tax credit expired, offering improved acceleration and increased range. The company's stock performance will be closely watched in the wake of the tax credit's expiration.
The end of the federal tax credit marks a significant shift for Tesla and the US electric vehicle market. Despite increased leasing prices, analysts remain optimistic about Tesla's stock. The company's recent Model Y update and strong Q3 delivery projections indicate a robust outlook.
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