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Tesla makes Cybertruck more accessible with $999/month lease
Cybertruck was the third best-selling EV in the US last quarter

Tesla makes Cybertruck more accessible with $999/month lease

Nov 09, 2024
04:09 pm

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.