Tesla is set to raise lease pricing for its Model 3, Model Y, and Cybertruck in the United States, with hikes of up to 67% effective December 26, 2025. Customers must order and apply for leasing by that date and take delivery by December 31 to secure current rates. The changes include higher monthly payments and increased down payments across variants.
Tesla's upcoming lease price adjustments target popular electric vehicle models amid efforts to boost end-of-year deliveries. According to Tesla analyst Sawyer Merritt, the increases will apply to the Model 3, Model Y, and Cybertruck All-Wheel Drive starting December 26, 2025.
For the Model Y, the Premium Rear-Wheel Drive variant will rise to $549 per month with a $3,000 down payment, up 22% from $449 per month with no down payment. The Premium All-Wheel Drive version increases to $649 per month with $3,000 down, a 35% jump from $479 per month with zero down.
The Model 3 sees the largest changes, with the Premium Rear-Wheel Drive trim climbing 67% to $499 per month and $3,000 down, from $299 per month and $1,500 down. The Premium All-Wheel Drive moves to $549 per month with $3,000 down, up 22% from $449 per month and $1,500 down. The Performance model edges up 7% to $749 per month with $3,000 down, from $699 per month and $1,500 down.
Cybertruck All-Wheel Drive leasing will cost $849 per month with a $5,000 down payment, a 16% increase from $729 per month with the same down payment.
These hikes follow a lease price reduction in November 2025, after an earlier increase, indicating Tesla's use of pricing as a tool to manage demand and sales volumes. The timing, just before quarter-end, aims to encourage quick orders and deliveries by December 31, 2025, to meet financial targets. It remains unclear if these rates will persist into 2026.
