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.
In a recent announcement via a press release, General Motors (GM) and Honda have revealed that they have signed a new partnership for building high-performance, next-generation batteries for electric vehicles (EVs).
In an indication that Honda has preparations underway for India’s electric car push, the Japanese automaker is reportedly mulling the option of a battery production facility in the country.
On Tuesday, ride-hailing giant Uber announced the launch of a new pilot program, under which the company will provide cash incentives to some drivers who switch to electric or hybrid vehicles.
During the course of a recent interview with Digital Trends, Mitsubishi Motors North America’s Chief Operating Officer and Executive Vice President Don Swearingen shared some information about how Japanese automaker Mitsubishi -- controlled by Nis
In a recent press release, Nissan has revealed that a fleet of its new LEAF electric vehicles (EVs) will be used for policing in Japan.
According to reports, Japanese automaker Nissan would be using LG Chem batteries in its next LEAF EV version, rather than using the battery cells produced by its own Automotive Energy Supply Corporation (AESC) battery cell subsidiary.