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.
At BMW’s recently-held annual press conference, company chairman Harald Krüger announced that a “number of pure-electric concept vehicles” will be unveiled by the automaker in 2018.
In a move which underscores the scaling back of Indian government’s efforts to switch to electric vehicles, the country’s 2030 target for electric vehicles has been revised downward from 100% to 30% by the government led by Prime Minister Narendra
According to a recent disclosure by a top-rung executive at Kia Motors Corporation, the South Korean automaker has plans underway to produce electric and hybrid vehicles in India.
In a recent report, The Baltimore Sun has revealed that utility companies in Maryland have proposed a $104 million program to help the state achieve its ambitious goal of putting 300,000 electric vehicles (EVs) on the road by 2025, by expanding th
In an evident attempt to achieve higher growth in the coming years, Indian auto parts supplier Varroc Engineering plans to focus on electric-vehicle (EV) technology and on the Bharat Stage-VI (BS-VI) emission control norms which are likely to come
Ionity has announced the launch of its ‘ultra-fast’ electric car charging station in Europe; and has also revealed that the charging system will be free for use for a limited period of time.