A worker unloads a Tesla Model 3. Photographer: Patrick T. Fallon/Bloomberg (Patrick T. Fallon/Bloomberg)SAN FRANCISCO — Daniel Rey was excited to finally make good on his three-year-old reservation for a Tesla Model 3 sedan. Tesla’s leasing model presages one vision of the future of automobiles: in which consumers no longer own vehicles and auto companies become service providers of rides. And Tesla could eventually decide to let consumers buy the Model 3s at the end of the lease. The demand problems could have prompted Tesla to offer leasing to a wider swath of consumers, who could afford monthly payments over outright ownership.

Source: Washington Post April 23, 2019 22:25 UTC