Want A Cheaper Tesla Deal? You’ve Got About A Week

• Tesla is slashing lease prices across most of its lineup for a limited time.
• You’ll have to act quickly if you’re in the market for a new Tesla, though.
• That’s because the lower lease prices are only valid until the end of the month.

Tesla has lowered the lease prices for most of the electric cars it sells in the United States, but the discounts won’t last long. The deals, which are valid until the end of October, were posted without notice on the American automaker’s website, as noted by Electrek.

“Prices increase in November,” states a banner that appears at the top of the online configurator for the Model 3 and Model Y. By the looks of it, the campaign is aimed at boosting sales numbers, now that the $7,500 federal tax credit for new EVs has been sunsetted.

A banner on Tesla’s website warns wannabe customers that lease prices will increase in November.

Photo by: Tesla

In the third quarter, Tesla posted record global deliveries, helped in no small part by Americans who rushed to grab the tax credit before its cancellation on Sept. 30. Now, though, most of Tesla’s models are effectively $7,500 more expensive than last month, and experts believe that all electric car manufacturers will see a dip in U.S. sales in the last quarter.

The most affordable model to lease right now is the Tesla Model 3 Premium Rear-Wheel Drive, at $329/month, down from $429. That’s for a 36-month contract with a $3,000 down payment and 10,000 miles per year. The Model 3 Premium All-Wheel Drive lease price was reduced from $549 to $429, while the Model 3 Performance can be had for $699 per month, down from $759. The newly introduced Model 3 Standard is not available through leasing.

In the Model Y’s case, the lease prices have been reduced from $529 to $449 for the Premium Rear-Wheel Drive variant, and from $599 to $519 for the Premium All-Wheel Drive trim. The base Standard and the top-spec Performance versions cannot be leased.

Then, there’s the Cybertruck All-Wheel Drive, which can be leased for $699 per month, down from $749. Compared to the Model 3 and Model Y, the down payment is $5,000, while the 36-month term and 10,000-mile yearly allowance remain the same. There’s also the tri-motor Cyberbeast version, which can be leased for $1,730 per month.

Interestingly, Tesla’s website doesn’t say that the lease prices for the Cybertruck will increase in November. 

It’s always good to see that car prices go down, but it’s worth noting that there are some deals out there that are better than what Tesla has to offer right now. The entry-level 2025 Hyundai Ioniq 5 can be leased for as low as $189 per month, and even the top-spec version with all-wheel drive can be had for $319 per month–significantly lower than the Tesla Model Y.

There are also great deals for the Honda Prologue, Kia EV6 and Mini Countryman SE, and you can check them all out in our latest list of the Best EV Lease and Finance Deals.