Porsche is offering up to $4,500 in credits through the Welcome to Porsche Conquest Lease Program to entice Tesla owners to trade in their vehicles.
The amount of credit received depends on the remaining time on the current lease, ranging from $1,500 for leases with 31-60 days remaining, to a maximum of $4,500 for leases with over 90 days remaining.
Porsche's offer is not limited to Tesla models and is aimed at selling more electric vehicles.
The current offer is valid until the end of March, but Porsche has run similar promotions in the past and may offer it again in the future.