A worker unloads a Tesla Model 3. Photographer: Patrick T. Fallon/Bloomberg By Faiz Siddiqui Faiz Siddiqui San Francisco-based tech reporter covering automation and the future of transportation, including Tesla, Uber and Lyft Email Bio Follow April 23 at 6:21 PM SAN FRANCISCO — Daniel Rey was excited to finally make good on his three-year-old reservation for a Tesla Model 3 sedan. But he was caught off guard when he read the terms of the leasing agreement.
The long-awaited leasing program for the Model 3, which Tesla has pitched as its mass-market offering that will make electric cars mainstream, comes with a twist: The automaker will not allow consumers to buy the vehicle at the end of the three-year period. Instead, the Silicon Valley automaker intends to absorb all returned Model 3s to launch a robotaxi fleet, a roving network of self-driving vehicles.
Tesla’s leasing model presages one vision of the future of automobiles: in which consumers no longer own vehicles and auto companies become service providers of rides. But doing away with the option to purchase shows the way consumers might get shortchanged. “I mean look, they’re not doing this in a position of strength,” said Dan Ives, an analyst at Wedbush Securities. “They had to do something right now … because they’re going into a fork-in-the-road situation over the next six to nine months, and to do this without leasing would have been, I think, a huge dagger.” He called Tesla’s model a “shadow leasing program.”For months, Steve Berman, a technology executive based in Alpharetta, Ga., had seen the Model 3 displayed in a showroom.
Leasing a car? You are letting the manufacture continue to profit off your car. It is called a lease.
Leasing a Benz? You’re paying for the CEO’s salary — whether you like it or not Everyone come look at this utterly unimpressive piece of dimwittedness by the post
threadreaderapp unroll
Paying federal taxes? You're paying for irresponsible peoples' abortions -- whether you like it or not.
leasing versus owning - the debate rages
I have this picture in my head of Bezos directing a team of interns to pen negative Elon articles/scour the internet for Elon dirt
...and their manufacturer's liability insurance.
Isn't this ... the definition of a lease?
Sir, please also add surcharge for legal fees to sue all the defamation articles to my Tesla lease. I will be more than happy to pay for it on my leases and my kids’. elonmusk
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