Tesla Just Slashed Cybertruck And Model 3 Lease Prices

Tesla Cybertruck
Credit: American Cars And Racing

February is truck month at Tesla.

Tesla has chopped the lease price for an All-Wheel Drive Cybertruck from $899 per month to $749, while maintaining its $79,990 purchase price.

The deal is for a 36-month lease with $7,500 down and includes 10,000 miles annually.

Tesla has raised the lease price for the top of the line $99,990 Cyberbeast, but only from $999 to $1,000.

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The reduction comes two months after the All-Wheel Drive Cybertruck’s monthly lease payment was cut from $999 to $899. Tesla is separately offering a free wrap with purchases of Foundation Series Cybertrucks from inventory. The process is completed after delivery by an authorized XPEL installer.

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Tesla delivered 38,965 Cybertrucks in 2024 to make it the best selling electric pickup, but the initiation of various incentives near the end of the year suggested that demand was not overwhelming at its price points. Tesla currently has the capacity to build 125,000 Cybertrucks annually, but it has not projected how manh expects to delivery in 2025.

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Along with the Cybertruck deal, Tesla has also reduced the 36-month lease price for a Model 3 Long Range Rear-Wheel Drive from $299 to $249 per month with $2,999 down and a 10,000-mile annual allotment.