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Will New Tesla Finance Incentive Electrify Sales?

Tesla Motors, Inc. Tesla introduced this week what it calls a “revolutionary automotive financing product that provides the best elements of ownership and leasing to Model S customers.” Tesla is teaming up with Wells Fargo and U.S. Bank to offer shoppers a part-lease, part-finance option that guarantees the residual value of the all-electric Model S. The automaker says in a statement that this lets buyers take advantage of government tax credits of anywhere from $7,500 to $15,000, depending where you ... continue reading»

Tags: Tesla Model S, Model News, auto financing

CEO Says Bad Tesla Model S Review Cost Company $100 Million

Earlier this month, a New York Times review of the Tesla Model S claimed that the all-electric car ran out of battery power faster than expected on a test drive from Washington, D.C. to Boston. The review sparked an uproar from Tesla CEO Elon Musk, who stood behind the Model S, saying that the test driver didn’t fully charge the car and took a long detour. Now Musk claims the bad review has cost Tesla $100 million. Musk ... continue reading»

Tags: News, Tesla Model S, Tesla

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