Tesla Motors Inc. has launched a financing subsidiary targeting corporate buyers of the premium battery-powered vehicle, reports The Detroit News.
The company will allow small and medium-sized businesses to calculate the cost of leasing as they configure the car on Tesla’s website, the company said in a statement.
Tesla Finance will offer loans from partner banks in addition to a resale-value guarantee available under the current program.
Tesla plans to boost production by 56% this year as exports to China begin and the brand expands in Europe.
Source: The Detroit News
