Tesla Halts Lease Buyouts, Mobile Charger on CleanTech Talk

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Tesla Halts Lease Buyouts, Mobile Charger on CleanTech Talk
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Jo thinks open-ended leases are the way to go, Zachary's not convinced this will have much impact.

ByLast week, Tesla announced that it would no longer offer open-ended leases on any of its products. Depending on who you ask, this is either a solid move that helps ensure a future robotaxi fleet, or a cynical cash-grab by a Tesla Motors finance arm that has been missing out on the skyrocketing prices on used cars.

Why is that a problem? According to Jo, it places all the financial risk on the consumer, and enables the finance company to “cash in” on resale values that exceed their initial estimates. In other words: it enables Tesla to charge more than the difference between MSRP and residual value, and add even more profit to their industry-leading bottom line at the expense of their consumers’ pocketbooks.

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