Situs Slot Gacor

Report of a Model 3 leasing program may be a bad sign on Tesla

A report that says Tesla can launch a leasing program for its model 3-sedan can be a bad sign for investors in the electric car manufacturer, according to an analyst.

The timing of the report may indicate that the gradual expiration of federal tax credits for Tesla vehicles is hitting demand for sedan, CFRA analyst Garrett Nelson said in a statement. note published Wednesday The tax credit reduction began this year.

"While TSLA has lowered the cost of vehicle costs in recent quarters, we have growing concerns about top line performance due to the combination of moderate sales volume, price reductions, and mix," Nelson. In the short term, we expect TSLA to face significantly increased EV competition starting with the 2021[ads1] model. "

Tesla responded to a news site report. Electrek published Tuesday saying that the electric car manufacturer is planning a leasing program, but that it has not completed the dates when it starts.

" This is just an internal document to ensure that teams are prepared when we finally introduce a leasing option to customers, "said a Tesla statement sent to CNBC, referring to the email referred in the Electrek report." No decision has been made when Model 3 leases will be available, but will definitely be after the dates outlined in this document. "

CEO Elon Musk also said on the company's fourth quarter earnings call that Tesla can wait until later this year to launch a program.

" We have been reluctant to Introducing Model 3 Leasing Due to the Effect on GAAP Finances, "said Musk on the call." It is worth noting that today's demand is with zero leasing. It is obvious that leasing is a way to improve demand, but it makes our economy worse. So we don't want to introduce it right away. later this year probably. "

Tesla already offers leases on its other models, and it is common for customers to rent cars at the premium end of the car market.

Several manufacturers are already selling electric vehicles or planning to release new models over the next few years. aimed at the upper end of the market, where Tesla's vehicles are priced, especially the full model S sedan and model X SUV.

Musk billed Model 3 as a relatively inexpensive electric car, and initially Tesla had intended to sell them to a Starting price of $ 35,000, much lower than today's price, competitors also see the end of the market.

Source link

Back to top button