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Tesla launches Model 3 leases, will keep cars for autonomous Uber-like service after term

Tesla announced today that it is launching a lease program for Model 3 and interestingly, it won’t let people buy the cars after the leases come to term as it plans to use them in its planned self-driving Uber-like service dubbed ‘Tesla Network’.

Along with a series of changes to its lineup today, Tesla also announced that it is launching its lease program for Model 3 today:

“Beginning today, customers in the U.S. will be able to lease Model 3 for a small down payment and competitive monthly payments. Customers can choose any Model 3 variant and select an annual mileage option of 10,000, 12,000, or 15,000 miles.”

Tesla confirmed that customers will not be able to buy the Model 3 at the end of the lease.

The company states that they have other plans for the vehicles:

“Please note, customers who choose leasing over owning will not have the option to purchase their car at the end of the lease, because with full autonomy coming in the future via an over-the-air software update, we plan to use those vehicles in the Tesla ride-hailing network. Customers can visit now to lease a Model 3.”

Tesla has been taking about its plan to launch a Uber-like autonomous ride-hailing service once it reaches self-driving capability.  We expect to hear more details about the service on April 22.

The company plans to let Tesla owners put their own cars on the fleet and operate its own company-owned vehicles in the fleet.

Now it sounds like Tesla is going to use cars that it is getting back after they were leased to customers.

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