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Tesla begins offering leases for Model 3
The Tesla Model 3 on display in Los Angeles. u00e2u20acu201d Frederic J. BROWN / AFP pic

PALO ALTO, April 12 — Tesla Inc yesterday started leasing out its Model 3 sedan in the United States, in a financing option that would increase the electric car maker’s customer base.

Tesla said its customers in the United States would be able to lease any Model 3 variant for a small down payment and monthly payments thereafter, but they will not have the option to buy the car at the end of the lease.

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Tesla said that it would begin bundling its autopilot software as a standard feature on all cars, raising the base price, and would drop the entry-level Model 3 Standard from online ordering.

As a result, the lowest-priced Model 3 available for order on its online menu in the United States is now the US$39,500 (RM163,000) Standard Plus, which includes Autopilot.

The company in February had rolled out its long-awaited US$35,000 version of the car with great fanfare.

The company also said the Standard variant of Model 3 will now be a software-limited version of the Standard Plus, to simplify production.

As part of the changes to its online ordering, Tesla said the Model 3 Standard variant and the Model 3 Long Range Rear-Wheel Drive will be taken off the online ordering menu but will still be available for order by phone or in stores. — Reuters  

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