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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.

They started sending out emails to owners at the end of their lease with a new landing page offering more end-of-lease options. Expand

Tesla (TSLA) announced that it secured up to $300 million in loans for its direct lease program

tesla tsla montreal

tesla montreal

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