Tesla CEO amends Model S financing deal after criticism

Newswire

By Deepa Seetharaman DETROIT, May 3 (Reuters) - Tesla Motors Inc, the automaker led by billionaire Elon Musk, overhauled financing strategy for the Model S electric sedan in response to criticism that its initial plan last month overstated the potential cost savings. Changes include allowing buyers 72 months, instead of 63, to repay loans, lowering monthly costs by more than one-fourth. Tesla also guaranteed that the resale value of the Model S would top other ...

REGISTER NOW

To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!
     

Already registered? here.
Insights

Nov 21, 2016
Video
WardsAuto

2017 Wards 10 Best Engines: Less Is More With Four

Fun-to-drive is a key 10 Best Engines measure when it comes to small-displacement, high-performance four-bangers....More

Newswire

Diesels Power Profit Gains by VW's Lending Unit  

Volkswagen Financial Services cites increased demand for diesel cars in upgrading its projected 2016 profit from €1.92 billion to a record €2.1 billion....More

Enewsletters

Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×