Tesla makes Cybertruck more accessible with $999/month lease
What's the story
Tesla has introduced a leasing program for its futuristic Cybertruck, with monthly installments starting at $999. The leasing plan applies to the all-wheel-drive variant of the electric pickup truck over a period of three years. According to Tesla's official website, US customers can take advantage of this offer by paying an initial $7,500 toward their lease.
Premium leasing
Higher-end model available for lease without down payment
For those looking for the more advanced Cyberbeast version of the model, Tesla has a two-year lease at a monthly payment of up to $1,715 with no initial down payment. The new leasing option comes after Tesla managed to process a good chunk of its pending Cybertruck orders. The first models of this electric pickup truck were priced over $100,000.
Market standing
Cybertruck's market performance and future prospects
Despite its exorbitant starting price, the Cybertruck has been able to establish a solid foothold in the EV space. According to Tesla's latest investor update, it was the third best-selling EV in the US last quarter. This puts it right behind Tesla's own Model Y SUV and Model 3 sedan in terms of sales performance.