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Benzinga

Business

Eva Mathew

Leasing A Tesla Just Got Pricier: Elon Musk-Led EV Giant Hikes Prices As $7,500 Tax Credits Expire

United States Nasdaq Tesla Inc.

Tesla

Elon Musk-led Tesla Inc. (NASDAQ:TSLA) hiked lease prices for all its vehicles in the United States, its website showed on Wednesday, after the $7,500 federal tax credit that helped drive sales expired.

Tesla and its rivals were receiving the tax credit from the U.S. government, offering attractive lease prices for customers. The credit ended on Sept. 30, following the passage of Donald Trump’s ‘Big, Beautiful Bill,’ which eliminated the $7,500 credit for new EV leases and purchases, as well as a $4,000 credit for used EVs.

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