Tesla Files to Issue Inaugural Auto Lease Securitization

There might be a new entrant in the auto asset-backed securitization market. Tesla Inc. issued an ABS-15G filing with the Securities and Exchange Commission last week, indicating the electric car maker will establish a Tesla Auto Lease Trust. The manufacturer is poised to issue a bond backed by leases on its electric cars in an […]
  • Natalie Mattila
  • January 29, 2018
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Electric Vehicle Sales Lean Heavily on Leasing, Study Finds

U.S. leasing penetration of electric and hybrid vehicles is more than double the national average for its gas counterparts, according to a new study from Bloomberg New Energy Finance. Nearly 80% of battery electric vehicles and 55% of plug-in hybrids are leased in the U.S. compared with a 30% penetration rate across the industry. Those […]
  • William Hoffman
  • January 10, 2018
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Deutsche Bank Partners with Tesla

Tesla Motors Inc. has entered into a Loan and Security Agreement with Deutsche Bank AG, to support the Tesla Finance direct vehicle leasing program, according to an 8-K filed with the Securities and Exchange Committee last week. Under the agreement, Tesla may borrow up to $300 million, with the ability to draw scheduled to end on Aug. […]
  • Larissa Padden
  • September 8, 2016
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