Tesla’s Price Reductions Driving Down Car Values, Prompting EV Manufacturers to Compensate Leasing Companies
π° Carmakers are compensating leasing companies for the declining value of used electric cars due to Tesla’s price cuts. π Leasing companies like Ayvens are receiving checks from EV makers to offset slumping prices in the second-hand car market. π Tesla’s price reductions are affecting the entire EV industry, prompting demands for concessions and buyback…