Tesla has recently announced a significant change to its leasing policy. Customers who have leased a Cybertruck, Model S, Model 3, Model X, or Model Y can now purchase their leased vehicle. This option became available on November 27, 2024.
Previously, Tesla did not allow customers to purchase their leased vehicles, leading to speculation about the company’s plans for a robotaxi service. However, this recent decision seems to contradict those assumptions.
To initiate the purchase process, customers must confirm their intent through the Tesla app. Once confirmed, Tesla will provide a purchase packet that requires signing and completion. A vehicle inspection will be conducted, and the customer will need to pay the full purchase amount. Upon completion, ownership transfer documents will be mailed to the customer. A purchase fee of up to $350 and local taxes and fees may apply.
Lease buyout now available for new S3XY + @cybertruck leases in the US
— Tesla North America (@tesla_na) November 28, 2024
Model 3/Y starting at $299/month
Model S/X and Cybertruck starting at $999/month https://t.co/CHyRnEmBSi
While some critics interpret this move as a sign that Tesla’s robotaxi service is delayed, it’s possible that the company is taking a strategic approach. Tesla has acknowledged that Hardware 3 vehicles may require retrofitting to meet safety standards for unsupervised FSD. Additionally, the current fleet of Model 3 and Model Y vehicles relies on manual charging, while the Cybercab is designed for autonomous operation with inductive charging.
Tesla just broke the car market.
— Corey Aronson (@corey_aronson) November 28, 2024
Lease buyout now available!!
$3,232 down. $369/mo.
Option to purchase it for $27,443 in 3 years.
Game over. LFG pic.twitter.com/u3TF5uMjzi
Given these factors, it’s plausible that Tesla may prioritize the development and deployment of the Cybercab as its primary robotaxi solution, potentially reducing the need for a large fleet of retrofitted Model 3 and Model Y vehicles.
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