Tesla has increased on Thursday the monthly lease price for its entry-level Model Y Long Range Rear-Wheel Drive (RWD) in the United States.
According to its website, the new monthly rate is $399 (up from $349) for a 36-month contract with a $3,000 down payment.
Customers can also opt for a 24 month-long contract, according to which the monthly payment is $419. Both prices are for contracts based on 10,000 miles per year — which can be increased up to 50,000 miles.
The refreshed model’s RWD version is currently priced from $44,990, while the All Wheel Drive (AWD) starts at $48,990 — if excluding the $7,500 tax credit, as not all customers are qualified for the offer.
Tesla‘s lineup in its domestic market includes the Model 3 sedan, which is available in three different trims, with the entry-level Long Range RWD priced from $42,490.
Leasing contracts cost $329 per month for a 36-month term, with a $3,000 down payment as well. If the term is reduced to 24 months, the monthly payment drops to $299.
The revamped Model S starts at $84,990 with the Plaid version beginning at $99,990. The new Model X is priced from $89,990 for the All-Wheel-Drive, while the Plaid version begins at $104,990.
Late last month, the company introduced new incentives for both its flagship models — introducing one year of free Supercharging for inventory units — and the Cybertruck.
For customers purchasing either the Cybertruck or Model 3 sedan with the Full Self Driving (FSD) included, Tesla offers a 0% financing rate — down from the usual 2.49%.
Customers must take delivery of the vehicle by September 30, when the $7,500 tax credit expires.
Several automakers in the US are pushing sales before this deadline, as they anticipate lower sales in the last quarter of the year — which is usually their strongest period.
In the company’s latest earnings call last month, CFO Vaibhav Taneja warned that the Tesla has a “limited supply of vehicles in the US this quarter.”
For customers in the US “looking to buy a car, let’s roll now as we may not be able to guarantee delivery for orders placed in the later part of August and beyond,” he added.
In July, the brand registered 53,816 vehicles in the US, according to estimates from Motor Intelligence — its best sales month since the beginning of the year.
It was the first month year to date in which the company’s figures increased from the same period a year ago. Registrations were up by 17.9% from June.
US EV maker Rivian also raised its monthly leasing prices in early July, as it launched the 2026 version of its R1S and R1T models. However, it dropped them earlier this Friday.
