Teslas in the United States are going for an average of $27,000 a month after a major restructuring.
The leasing of Tesla cars is a new frontier for the US car market and the company is taking the risk in a bid to stay relevant with consumers.
Tesla is selling vehicles in the U.S. and Europe for $35,000, but it is also selling cars for as little as $14,500.
That means leasing prices will be much higher in Europe, where prices have been slashed in recent years.
“We believe that we are making significant progress in improving our leasing program, which is also a key focus of our global expansion,” Tesla said in a statement.
Tesla will continue to sell vehicles to consumers for as long as it is profitable, with prices set to remain high for as many as two years, according to a Tesla spokesperson.
The company will begin selling cars in Europe in 2019.
In the UK, Tesla said it had sold 2.8 million vehicles in 2019, down 8.5% from the same year in 2019 with a combined sales of 2.2 million, according a spokesman for the company.