Editor’s Note: Related tickers: Tesla Motors Inc (NASDAQ:TSLA)
Tesla’s Model S Buyback Plan: Genius or Crazy? (WallStCheatSheet)
When Tesla Motors Inc (NASDAQ:TSLA) first introduced its unconventional Model S finance plan back in April, critics questioned the strategy’s potential and charged the automaker with overstating customer savings. However, now it looks like electric car genius Elon Musk is once again ready to have the last laugh, because more and more analysts are coming around and recognizing the plan’s boosted revenue potential, and soon, more traditional automakers may also be jumping on board.
Tesla’s Next Step In Direct-Selling Fight Might Be Washington (TFLCar)
Tesla Motors Inc (NASDAQ:TSLA)’s direct-selling model is forcing the company to fight battles on multiple fronts with various states and it’s not always getting good results. If all else fails, they’re prepared to take the fight all the way to Washington. The company’s selling model relies on being able to sell directly to the consumer without the dealer as middleman, a model that auto dealers are understandably not happy to see. If Tesla can do it on their own, then that opens the door for other auto manufacturers to follow suit.
Tesla eyes UK fleet market with Model S electric luxury car (FleetWorld)
The California-based company has already delivered the first left-hand drive cars to European customers, with right-had drive cars set to begin production by the end of the year, with deliveries from next spring. The brand has also established new European headquarters in Amsterdam, from where corporate sales will be run, and has appointed a European fleet sales manager, with regional specialists to be appointed for each of the region’s key markets, including the UK, and conversations now underway with leasing companies and residual value guides.
Tesla Motors Inc (TSLA) May See A $368M Boost In Annual Revenue By 2016 With Vehicle Buyback Plan (Pulse2)
Tesla Motors Inc (NASDAQ:TSLA) may see $368 million in additional revenue by 2016 if their vehicle buyback plan expands, according to estimates by Bloomberg Industries. Earlier this year, Tesla Motors said that they would buy back Model S sedans from customers that have the leasing option. This plan could enable Tesla Motors to generate more revenue by selling used vehicles. Bloomberg analyst Kevin Tynan said that the buyback plan would give Tesla more control than traditional auto companies over how much their used vehicles sells for. Tynan said that Tesla Motors Inc (NASDAQ:TSLA) could generate $368 million in additional revenues by 2016 for selling used Tesla vehicles. Tynan also said that the company could also see $40 million more in annual gross profit from the buyback plan.
Tesla Effect – Official Trailer #2 (YouTube)