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.
According to a recent Reuters report, Japanese electronics giant Panasonic would consider increasing its already massive investment in US electric vehicle (EV) manufacturer Tesla’s Gigafactory 1 in Nevada, if the automaker wants to increase its ba
Japanese automaker Nissan has announced the launch of a new program under which old battery packs of Nissan LEAF electric vehicles will be replaced with ‘refabricated’ battery packs.
According to a noteworthy assertion by Japanese automaker Nissan, the company’s next-generation Nissan Leaf is the ‘fastest selling’ electric vehicle (EV) in Europe.
During the course of a recent interview with Ward Auto, Polestar CEO Thomas Ingenlath said that the automaker considers “Tesla and the increasingly electrified Porsche” as its main competitors.
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.
Over the last few weeks, US electric carmaker Tesla Motors has been in the news for wrong reasons, and that has apparently taken a toll on the shares of the company’s sole battery supplier, Japan-based Panasonic Corporation.