Tesla Inc on Thursday started leasing out its Model 3 sedan in the United States, in a financing option that would increase the electric auto maker's customer base. In Germany, Tesla is charging a base price of 44,500 euros (plus a handling fee of 980 euros) for this version, which offers a WLTP range of 415 km. Leasing options were also provided for the newest Tesla. You'll be able to upgrade to Standard Plus at any time and receive such features as longer range, Autopilot, improved music playback, navigation tools, and heated seats. Tesla said orders for the Standard Range Plus, with 240 miles, a premium stereo, power seats, and upgraded upholstery, outnumbered orders for the base auto by 6 to 1.
The electric automaker has removed the Model 3 Standard from its online ordering menu. Autopilot, which was as optional feature previously (costing $3,000), is now standard on the vehicles. For example, Autopilot used to cost $3,000 when added to the $37,500 Model 3 Stand Plus, but now it comes as standard for $39,500.
Tesla has officially launched its Model 3 leasing program to include any variant of the all-electric midsize sedan. The lease runs for 36 months, and lessees can choose from three annual mileage allotments - 10,000, 12,000 or 15,000 miles per year.
'Star Wars: The Rise of Skywalker': Watch the Trailer for Episode IX
Star Wars: The Rise of Skywalker will mark the end of a new series of movies that was first introduced to the audience in 2015. George Lucas involvement in the Star Wars films has been remote ever since he sold Lucasfilm to Disney back in 2012.
Unlike traditional agreements, the Model 3 vehicles under lease will not be available for purchase once the lease matures. "Because most Tesla buyers opt to pay extra for all the high-tech features, this likely won't have a huge impact on Model 3 sales, however, it does deliver another tough blow to the company's reputation".
"Tesla is now facing a reckoning", said Jessica Caldwell, executive director of industry analysis at car-shopping researcher Edmunds. He reiterated this when he announced the January layoffs, writing about the twin goals of cutting costs and ramping up the production rate of the Model 3. However, there's a catch - buyers will not get a chance to own their respective Model 3 at the end of their lease. Customers won't have the option to buy the auto at the end of the lease because the company plans to use the vehicles in a forthcoming Tesla ride-hailing network, according to the blog post.