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


  • ➡️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.

New BMW 1-Series Is FWD And Looks Just Like The X2

The new BMW 1-Series will hit the market in Europe this September with prices coming soon.

Does The New BMW Z4 M40i Sound Good To You?

A new video focuses on the exhaust note of the top-of-the-line new Z4.

Manual Gearbox F430 Is What Ferrari Dreams Are Made Of

Gordon Ramsay used to own this F430, and now it can be yours as it’s coming up for auction.

Hot Rods And Electric Motors Are A Match Made In Heaven

Although huge V8s used to be synonymous with the genre, the times, they are a changin.

Here’s What It’s Like To Own The Nissan Leaf For A Year

The long-term test reveals the ups and downs of actual Leaf ownership.

Next-Gen Kia Optima To Have A Progressive Design With A Strong Identity

The upcoming Optima probably will be more conservative than the new Hyundai Sonata.

Porsche Cayenne Coupe: Should You Cancel That Bimmer X6?

Was the Cayenne Coupe worth the wait? Yes, it was – and then some .

Check Out The Fun Exterior Colors Of The Hyundai Venue

Sales of the Hyundai Venue in the United States will commence later this year.

Can The Audi Q8 Make A Statement Among Other SUV Coupes?

If comfort is what tickles your fancy, then the Q8 is apparently the one to go for.

All-New Opel Corsa Gets Dressed In GSi Suit, Tries On An OPC Tux, Too

Apart from the usual versions, the brand new Corsa will also come in warm and hot hatch guise as well.