Electric vehicle producer Tesla has introduced a guaranteed future value program in Australia for qualifying buyers who finance a new Model Y or Model 3 through local partner Driva.

The scheme sets a fixed resale value for the vehicle at the end of the term based on factors such as loan length and yearly distance driven. It excludes rideshare operators.

Tesla noted that the arrangement ensures the trade-in amount settles the remaining balance, so customers face no additional payment if the car stays within agreed mileage and condition limits.

The launch follows Tesla Australia reporting a 66.7 per cent rise in sales for the first half of 2026 compared with the prior year, driven mainly by the Model Y even as Model 3 deliveries dropped 14.1 per cent.

The outcome reverses a 24.8 per cent decline for the brand in Australia during 2025, a period that also saw Tesla post its second straight year of falling global volumes and lose the top EV sales spot to BYD.

In a strong rebound, Tesla worldwide deliveries climbed 16.3 per cent year-on-year in the opening six months of 2026, while the company helped lead an overall recovery in Australian EV demand.

March saw the arrival of the six-seat Model Y L variant in the local market.

The Model Y became the first electric vehicle to lead Australia's monthly sales ranking in May, ahead of all powertrains, and repeated the result in June by again finishing ahead of the Ford Ranger.

It also contributed to EVs reaching a record 23.3 per cent share of new-car sales in June, the third straight monthly high amid rising fuel prices.

The Tesla SUV ranked among three electric models in the June top 10 alongside the BYD Sealion 7 in fourth and the BYD Atto 2 in ninth.

Nine of the ten best-selling vehicles that month featured some level of electrification, whether hybrid or fully electric, including the Ford Ranger, Toyota HiLux, Hyundai Kona and GWM Haval Jolion.