Elon Musk: Tesla will make Model 3 leases available from 2019
Tesla CEO Elon Musk has said in a recent statement that the automaker has plans underway to make its immensely popular Model 3 electric car available for lease in the next ‘6 to 9 months.’
With a lease for the Tesla Model 3 presently not available, the only way to the purchase the vehicle is to book it, and then purchase it outright or with a loan. However, Musk has recently revealed that the scenario is likely to change from 2019 onwards, when the automaker will start offering Model 3 leases.
The key focus of Tesla Motors at present is to ensure that it achieves profitability after years of investment in the Model 3 production program. With the program having resulted in a substantial increase in Tesla’s overall production capacity, the automaker is currently focused on Model 3 versions with the highest margin.
As such, Tesla is currently producing only the Long Range battery pack, although it soon plans to commence the production of the more expensive All-Wheel-Drive Dual Motor and Performance versions.
Highlighting the fact that the Model 3 production program requires Tesla to put up the money upfront which has an adverse impact on the automaker’s cash flow, Musk said that the option to make Model 3 available for lease from next year will be a significant move which plays into the company’s overall Model 3 production strategy.
French automaker Groupe Renault has introduced an ‘affordable’ new all-electric vehicle --- the Renault K-ZE electric crossover. The new vehicle was unveiled recently by Groupe Renault Chairman and CEO Carlos Ghosn.
According to the latest official registration data released in Norway, the sales of electric vehicles (EVs) in the country touched a new record high in September 2018.
In a recent press release, Australia-based integrated lithium miner and refiner Kidman Resources Limited has announced an offtake agreement which the company has signed with US-based electric vehicle (EV) manufacturer Tesla Motors.
German automaker BMW has released a design sketch to tease the concept version of its iNext electric car.
At electric vehicle maker Tesla’s Q1 2018 earnings call, CEO Elon Musk announced that Tesla Motors plans to build its next Gigafactory in China.
The Boring Company promoted by Elon Musk has received an order to setup transport system in Chicago.