Tesla Model 3 lease program opens door to future ride-hailing network

Tesla Model 3 lease program opens door to future ride-hailing network

Bad news for Canadians who had their eye on Tesla's least expensive vehicle: Less than two months after announcing the new Model 3 Standard Range at a base price of $47,600 plus freight and delivery charges, the company is now selling it at $53,700 on its website. Leasing options were also provided for the newest Tesla. The $35,000 Model 3 will be range-limited by software to 220 miles, and its music streaming service, navigation and heated seats will be disabled.

Tesla's announcement also said it would begin leasing the Model 3, but would not offer customers the option to buy the cars after their leases expired, a departure from the typical industry practice and its own policy on other models.

The phasing-out of online Model 3 Standard sales comes a week after Tesla announced disappointing first-quarter auto deliveries.

This price change doesn't apply to the $35,000 Model 3 with Standard Range battery, which consumers will still be able to buy without Autopilot, according to a spokesperson.

More news: Lakers, Luke Walton finalize divorce everyone saw coming

The rear-wheel-drive Long Range Model 3 has also been removed from the website and joins the Standard Range Model 3 as an off-menu model that must be ordered in-store or on the phone.

Aspirants can choose any Model 3 variant and with annual mileage options of 10,000, 12,000, or 15,000 miles.

A auto carrier trailer carries Tesla Model 3 electric sedans, is seen outside the Tesla factory in Fremont, California, U.S. June 22, 2018. They'll have to call or visit a store instead, and the vehicle won't come with Autopilot. Customers won't have the option to buy the auto at the end of the lease because the company plans to use the vehicles in a forthcoming Tesla ride-hailing network, according to the blog post. It realized this when it reversed the decision to close the stores and instead raised the prices of the Model 3. That means if customers change their minds, they can upgrade to a $39,500 Standard Plus model any time by paying the the difference and getting an over-the-air software update. "We're making these changes to ensure that our online order process is focused exclusively on the three Model 3 variants customers want most", the company says in its post. Deliveries of the entry-level models start this weekend - more than six weeks after the company starting taking orders. According to Tesla's data, the Standard Plus outsold the $35,000 base auto by a ratio of 6:1.

Related Articles

  • Assange to Get No 'Special Treatment' From Canberra - Australian PM

    Assange to Get No 'Special Treatment' From Canberra - Australian PM

    Speaking on Thursday Prime Minister Theresa May said Mr Assange's arrest showed no one is above the law. Ecuador agreed that his potential extradition to the U.S. may violate his human rights.
    Virat Kohli creates Wisden history

    Virat Kohli creates Wisden history

    His teammate, Sam Curran also had a fantastic year finishing with 272 runs and 11 wickets in his debut Test series versus India. Mandhana, the Leading Women's Cricketer of the Year , scored 669 and 662 runs in ODIs and T20Is during the course of 2018.
    Disney+ Announcement Sends Company Stock Soaring

    Disney+ Announcement Sends Company Stock Soaring

    That includes the likes of Captain Marvel , which will make its debut at home on the streaming service instead of, say, Netflix . Though a full list of supported devices has not been announced, the company did confirm support for Roku and Sony products.
  • Kathleen Kennedy Says She's Planning 10 Years of Star Wars Movies

    Kathleen Kennedy Says She's Planning 10 Years of Star Wars Movies

    We also catch a glimpse of BB-8 in the clip, who seems to have developed a new friendship with the droid D-o. Luke also tells Rey that "we have passed on all the knowledge" and that the fight against evil is now hers.
    Moon, Trump both open to another summit with NK

    Moon, Trump both open to another summit with NK

    But Pyongyang said it asked only for a partial lifting of the sanctions in exchange for dismantling its main nuclear site. Kim was elected to the post first in June 2016, when the commission was created through an amendment to the constitution.
    OPEC Sees Tighter 2019 Market As Nigeria, Others Defy Cuts

    OPEC Sees Tighter 2019 Market As Nigeria, Others Defy Cuts

    The global investment bank revised its oil price forecast higher Thursday, pointing to a cocktail of market conditions. Oil production in the USA has risen by more than two million bpd since early 2018, to a record 12.2 million bpd.
  • Tornado Watch in effect for much of WSAZ viewing area

    Tornado Watch in effect for much of WSAZ viewing area

    There is pretty good agreement from all computer models for the line of storms to weaken as it moves east. The Robertson County Sheriff's Office said that the tornado was spotted near FM 485, 1644, and FM 46.
    Game of Thrones director issues warning ahead of new season

    Game of Thrones director issues warning ahead of new season

    Snow is also one of the shows best leaders and will be tasked with leading his troops into battle against the army of the undead. Game of Thrones season 8 will be airing on 14th April and has already gained huge craze amongst its fans.
    Shooting after Nipsey Hussle funeral procession leaves 1 dead and 3 injured

    Shooting after Nipsey Hussle funeral procession leaves 1 dead and 3 injured

    Hussle, whose name was Ermias Ashedom, was known in the community as a positive influence in the neighborhood. In 2017, Hussle helped renovate a Mid-City roller rink that shaped Los Angeles' early hip-hop scene.
  • West Ham 'disgusted' after fans are filmed chanting antisemitic abuse

    West Ham 'disgusted' after fans are filmed chanting antisemitic abuse

    However, United manager Solskjaer said Pogba is committed to the club's cause this season amid the ongoing rumours. Pogba bagged a brace against West Ham as United secured all three Premier League points.
    Kim Jong Un says he's open to another summit with Trump

    Kim Jong Un says he's open to another summit with Trump

    Mr Choe replaces Kim Yong Nam, 91, who had served North Korea's two previous rulers: Kim Jong Un's father and grandfather. Kim said he will wait "till the end of this year" for the United States to decide to be more flexible, according to KCNA.
    Disney Plus: 13 Major New Details Just Revealed

    Disney Plus: 13 Major New Details Just Revealed

    Disney + expects to be available on a wide range of devices, including gaming consoles, streaming media players, and smart TVs. There will also be a new Lady & The Tramp live-action movie, and more than 5,000 episodes of Disney Channel TV shows.