I moved to a different state, and it took nearly three months to complete the registration of my leased Tesla Model 3. Here’s what to know.Expand Expanding Close
Tesla tempts owners to upgrade at the end of their leases with Ludicrous, Self-driving, and dual motor
Three years into its in-house lease program, Tesla has now thousands of owners coming off of their Model S leases every quarter. The company is trying to take advantage of those opportunity to offer upgrades to its loyal customer base and replenish its pre-owned fleet in the process.
After market close today, Tesla (TSLA) announced that it secured a loan of up to $300 million with Deutsche Bank for its direct lease program. The company disclosed that the deal “significantly reduced” its cash requirements for its direct leasing program and therefore, it could reduce the amount of capital the company was planning to raise on the public market.