Tesla’s Accounting Changes Muddle Captive’s Results

Tesla Financial Services reported growth in its leasing portfolio, but because of an accounting change, it showed large declines over the last year, according to the company’s second-quarter earnings released today. Not adjusting for the accounting change, Tesla reports a 17% year-over-year increase in its lease portfolio to $4.2 billion outstanding. Yet, accounting for the […]

5 Ways Mobility Will Change the Secondary Market

New ownership and mobility models are popping up all over the auto finance space and that’s driving new innovations in the auto ABS market as well. As more and more consumers switch to fleet-focused mobility offerings, it’s forcing investors and issuers to think differently about the assets they are securitizing. For example, some believe issuers […]

Tesla Highlights Used-Car Sales Growth Amid Model 3 Production Delay

Tesla Motors Inc. reported a growth in used-car sales and completed deliveries, in the midst of a continued Model 3 production delay, according to the company’s earnings yesterday. Tesla reported completed deliveries of 28,425 Model S and Model X vehicles and 1,542 Model 3 deliveries in the fourth quarter. Model X deliveries grew 28% year over […]

Tesla Lending Rates Jump for Second Straight Quarter

After Tesla Inc. increased the interest rate on Model S and Model X vehicles in the fourth quarter of last year, the company has again increased the interest rate for the second quarter in a row — this time by 100 basis points. In 3Q17, the electric car manufacturer’s U.S. interest rate was 0.99%, before jumping […]

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 […]

New Tesla Roadster Reaches Record-Breaking Speed [VIDEO]

Last week, in a surprise unveiling during Tesla Motors’ scheduled showing of its new semi-truck, a new car was introduced. Let’s rephrase that actually, because that seems like an understatement: A brand new, record-breaking, revamped Tesla Roadster was shown off to riotous applause. The Roadster can accelerate from zero-to-60 miles per hour in 1.9 seconds, making […]
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