Tesla Preparing To Launch Leasing Options For The Model 3

Tesla will allegedly launch a number of leasing offers for the entry-level Model 3 compact premium sedan.

Electrek received word about the move a couple days ago after eyeing an internal email sent to Tesla employees. The email stated that employees will be able to lease the Model 3 within the next two weeks.

A company spokesperson confirmed that they will soon announce leasing schemes for the Model 3, but failed to provide an exact date when this option will be available to the public.

“This is simply an internal document to ensure teams are prepared for when we eventually introduce a leasing option to customers. No decision has been made about when Model 3 leasing will be available, but it will definitely be after the dates outlined in this document,” stated the spokesperson.

In the past, Tesla had talked about the possibility of rolling out leasing options for the Model 3 but has been reluctant to pull the trigger and, possibly, negatively affect cash flow while potentially adding difficulty to the continued ramp-up of the car’s production. Yet it already offers leasing for the Model S and Model X, so it makes sense to extend that to their entry level model, too.

According to at least one analyst, the launch of a leasing program for the Model 3 may come in response to a decline in demand for the firm’s models following the reduction in the federal tax credits offered for new Teslas.

“While TSLA has meaningfully driven down vehicle unit costs in recent quarters, we have growing concerns regarding top-line results due to combination of moderating sales volume, price reductions and mix,” CHRA analyst Garrett Nelson told CNBC.

Reports about the Model 3 leasing program come just a couple days after the automaker mysteriously deleted any mention of the long-promised, $35,000 Model 3 Standard Battery from its U.S. website.

more photos...
  • Bash

    Yawn!

  • ➡️ProtectOurHeritage⬅️

    Electrek is just a mouthpiece for Elon.

  • Galaxium

    I wonder if they would replace the batteries at the end of a typical 2 or 3 year lease.

    Most phone manufacturers do so since battery capacity greatly diminishes within that time frame.

  • MarketAndChurch

    It’s going to still be pretty pricey.

2020 Bentley Flying Spur First Edition Announced As Content-Rich Limited-Run Model

The Bentley Flying Spur First Edition will only be built for 12 months starting at the end of 2019.

Personalize Your Mazda MX-5 With The Optional Cup And Design Packs

The Cup and Design Packs can be fitted to all fourth-gen Mazda MX-5 roadsters.

Toyota And BYD To Co-Develop Electric Vehicles For China

Toyota and BYD will develop sedans and low-floor SUVs, as well as onboard batteries.

New BMW X6 M Ain’t Scared Of No ‘Vettes, Chases Them At The Track

The X6 M is no sports car, but given its performance-oriented nature, it’s no surprise that it’s being honed at the ‘Ring.

Jannarelly Design-1 Sports Car Making UK Debut At Salon Privé

The Design-1 was drawn up by the same man who designed the Lykan HyperSport.

Spend The Day Building 2020 Corvette Stingray Of Your Dreams With New Configurator

If you’re like us, you’ll spend hours playing with the Corvette C8’s online configurator.

2020 Corvette C8 Convertible Officially Teased, Comes With Aero Cowls

These photos of the 2020 Corvette Convertible were shown during the coupe’s live presentation video.

Explore The 2020 Chevrolet C8 Corvette With These 23 Videos

The 2020 Chevrolet C8 Corvette includes a lift system and two trunks!.

All-New Chevrolet C8 Corvette To Start At Under $60,000 In The U.S.

Chevrolet has developed a mid-engined C8 Corvette which is actually affordable.

2020 Chevrolet C8 Corvette Will Be Produced In Right-Hand Drive Too

Chevrolet will sell the C8 Corvette in both left- and right-hand drive configurations.