Tesla raised U.S. lease prices after federal EV tax credit expired, as demand slows and market share dips.

Tesla has increased lease prices for all U.S. vehicles following the expiration of the $7,500 federal tax credit for new EV purchases and leases on September 30. Monthly lease rates rose for the Model Y and Model 3, with no change in vehicle prices. The move comes as EV demand shows signs of slowing and Tesla’s U.S. market share dropped to 38% in August, its lowest in nearly eight years, amid growing competition.