Tesla to make "exciting announcement on Thursday" (correction Tuesday)

[Volker.Berlin]

This is it: "$500 per month"
Just went online: Tesla Motors

 

[jeff_adams]

Looks like a new type of leasing program, with option to buy and a guarantee of value at the end of the lease. Interesting....

 

[blaz]

Tesla website updated 5 minutes before the announcement:

 

[yobigd20]

The announcement is that you can lease a Model S. wonk wahhh... though, that was my second guess.

yea, I was hoping for something more major. http://www.streetinsider.com/Press+...evolutionary+New+Finance+Product/8227245.html

 

[SoCalGuy]

A lease program? Ugh. #letdown

 

[yobigd20]

http://www.teslamotors.com/about/press/releases/tesla-unveils-revolutionary-new-finance-product

 

[Majerus]

Tesla Unveils Revolutionary New Finance Product | Press Releases | Tesla Motors

is that it

 

[jbherman]

Meh...

 

[Volker.Berlin]

Yep! I was first! Love it... Now where's that live stream? The investers relations part of the website is totally mingled for me, since it just went back online.

 

[AnOutsider]

Tesla Unveils Revolutionary New Finance Product | Press Releases | Tesla Motors

is that it

Megayawn. No wonder kruggerand defended it so hard

...looks like I wasn't the only one bored though. IMO, Tesla needs to save the hype for when they have a truly hype-worthy announcement. We all knew leases were coming, and this lease option, while cool, isn't as revolutionary or amazing as they're making it seem. Yet another reason to not get excited when Elon and George do.

 

[Kaivball]

Smart move.

Tesla is generating more demand.


Damn, I wish I'd have waited one month...

 

[Soulopoulos]

Poor TeslaMotors webmaster... The site is completely down while thousands of people are trying to connect to receive to big announcement. Strange there is no word from @TeslaMotors on the site being down... broken... scrambled. More luck on the conference call?

 

[Majerus]

http://www.teslamotors.com/about/press/releases/tesla-unveils-revolutionary-new-finance-product

I say we tie...

 

[yobigd20]

 

[smartypnz]

My option to purchase warranty has disappeared

 

[RubberToe]

Is the ir.teslamotors.com website not working properly?

 

[K Hall]

That is awesome! $500 a month! Who couldn't afford a Model S now? Ill take 3!

 

[Teslawisher]

2:01 PST 283 users browsing this thread. (115 members and 168 guests)

 

[Volker.Berlin]

Yep! I was first!

Well, to be fair, I was actually fourth... :-/ Anyway.

 

[mlascano]

Just got this email. Leasing wins!

Tesla Unveils Revolutionary New Finance Product

Combines Best Aspects of Car Leasing and Ownership



PALO ALTO, CA -- (Marketwired) -- 04/02/13 -- Tesla Motors (NASDAQ: TSLA) announced today that, in partnership with Wells Fargo and US Bank, it has created a revolutionary automotive financing product that provides the best elements of ownership and leasing to Model S customers.

Most people throughout the world prefer to own their belongings, rather than rent what is essentially someone else's property via a lease. However, leases do provide some key benefits, particularly a low initial payment, tax deductions, lower risk on resale value and the convenience of returning a car without the hassle of reselling it personally.

Working with some of the largest and most respected banks in the country, Tesla has been able to create a new kind of financing product that combines the surety and comfort of ownership with all the advantages of a traditional lease. Like the Model S, this product was created from the ground up to provide maximum benefit to consumers, rather than simply duplicating other financing programs that tend to favor companies at the expense of the individual.

How does it work?

US Bank and Wells Fargo have agreed to provide 10% down financing for purchase of a Model S (on approved credit).
The 10% down payment is covered or more than covered by US Federal and state tax credits ranging from $7,500 to $15,000. New Jersey, Washington and DC also have no sales tax for electric vehicles. These advantages are not available when leasing.
When considering the savings from using electricity instead of gasoline, depreciation benefits and other factors, the true net out of pocket cost to own a mid-range Model S drops to less than $500 per month.
After 36 months, you have the right, but not the obligation to sell your Model S to Tesla for the same residual value percentage as the iconic Mercedes S Class, one of the finest premium sedans in the world, made by Daimler (also a Tesla partner and investor).
Not only is Tesla guaranteeing that resale value, but Tesla CEO Elon Musk is personally standing behind that guarantee to give customers absolute peace of mind about the value of the asset they are purchasing.
About Tesla

Tesla Motors' goal is to accelerate the world's transition to electric mobility with a full range of increasingly affordable electric cars. California-based Tesla designs and manufactures EVs, as well as EV powertrain components for partners such as Toyota and Daimler. Tesla has delivered almost 10,000 electric vehicles to customers in 31 countries.

Embedded Video Available

Embedded Video Available: http://www2.marketwire.com/mw/frame_mw?attachid=2273050


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