Tesla Introduces Flexible Financing for Electric Vehicle Buyers
Tesla has introduced an 84-month financing term option for electric vehicle (EV) customers, providing more financial flexibility for those interested in purchasing their cars. This move aims to increase demand and make the vehicles more affordable by reducing monthly payment amounts. However, longer loan terms can lead to higher costs due to accrued interest and increased depreciation. Tesla also expects a slight decrease in production for Q3 due to factory upgrades.