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.
Tesla lease Stories May 21, 2017
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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. expand full story