(Reuters) - Elon Musk's Tesla Inc is preparing to launch its leasing products for Model 3 to boost demand, news website Electrek said on Tuesday, citing an email sent to employees.
The email stated that employees will be able to lease a Model 3 within the next two weeks, Electrek https://electrek.co/2019/02/19/tesla-model-3-leasing reported citing sources familiar with the matter.
The email did not say when consumers could lease the sedan.
A Tesla representative said that no decision has been made about when Model 3 leasing will be available.
Over the past year, Tesla has talked about using leasing to boost demand for the Model 3, but the automaker has been reluctant to introduce the measure because of its effect on GAAP financials.
(Reporting by Rishika Chatterjee and Philip George in Bengaluru; Editing by Lisa Shumaker)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
