February 20, 2019 / 1:00 AM / 4 months ago

Tesla prepares to offer Model 3 leasing to boost demand: Electrek

FILE PHOTO: A row of new Tesla Model 3 electric vehicles is seen at a parking lot in Richmond, California, U.S. June 22, 2018. REUTERS/Stephen Lam

(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 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

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