News
Tesla introduces end-of-lease buyouts for Model S3XY and Cybertruck
Tesla has announced that it is now offering a lease buyout option for customers. As per the electric vehicle maker on its official website, all leased Cybertruck, Model S, Model 3, Model X, and Model Y are eligible for purchase starting November 27, 2024. Third-party dealerships are eligible to purchase leased vehicles as well.
Prior to this update, customers who lease a Tesla are not allowed to purchase their vehicle at the end of the lease period. While customers have long asked for the option to purchase their vehicle at the end of their lease, Tesla has maintained that it would be keeping its leased vehicle fleet for its robotaxi service.


As per Tesla’s official website, customers who have leased a vehicle from Tesla and who wish to purchase their vehicle could initiate the buying process through the Tesla app. Once the customer’s intention to purchase their leased car has been confirmed, Tesla will prepare a purchase packet, which must be signed and completed. A vehicle inspection would be conducted, and the customer would be asked to pay for the full estimate amount.
Lease buyout now available for new S3XY + @cybertruck leases in the US
Model 3/Y starting at $299/month
Model S/X and Cybertruck starting at $999/month https://t.co/CHyRnEmBSi— Tesla North America (@tesla_na) November 28, 2024
Once the vehicle purchase process is fully completed and finalized, ownership transfer documents will be mailed to customers. Tesla notes that a purchase fee of up to $350 applies to all vehicles. Local taxes and fees also apply.
While Tesla’s decision to offer end-of-lease buyouts to customers is viewed by critics as a sign that the company is not releasing a robotaxi service anytime soon, the opposite might be true. Tesla, after all, has confirmed during the Q3 2024 earnings call that there is a chance Hardware 3 vehicles would have to be retrofitted so they could meet the safety threshold for unsupervised FSD. The majority of Model 3 and Model Y on the road today are equipped with Hardware 3.
Tesla just broke the car market.
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— Corey Aronson (@corey_aronson) November 28, 2024
Tesla’s Model 3 and Model Y fleet are also charged manually by plugging the vehicles in to a charger. In contrast, the Cybercab has already been designed to provide robotaxi services from the ground up. Its charging system is inductive as well, which means that the vehicle could essentially be charged without human help. With the Cybercab in the picture, Tesla’s own Model 3 and Model Y robotaxi fleet may be quite redundant.
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Elon Musk
Elon Musk denies Starlink’s price cuts are due to Amazon Kuiper
“This has nothing to do with Kuiper, we’re just trying to make Starlink more affordable to a broader audience,” Musk wrote in a post on X.
Elon Musk has pushed back on claims that Starlink’s recent price reductions are tied to Amazon’s Kuiper project.
In a post on X, Musk responded directly to a report suggesting that Starlink was cutting prices and offering free hardware to partners ahead of a planned IPO and increased competition from Kuiper.
“This has nothing to do with Kuiper, we’re just trying to make Starlink more affordable to a broader audience,” Musk wrote in a post on X. “The lower the cost, the more Starlink can be used by people who don’t have much money, especially in the developing world.”
The speculation originated from a post summarizing a report from The Information, which ran with the headline “SpaceX’s Starlink Makes Land Grab as Amazon Threat Looms.” The report stated that SpaceX is aggressively cutting prices and giving free hardware to distribution partners, which was interpreted as a reaction to Amazon’s Kuiper’s upcoming rollout and possible IPO.
In a way, Musk’s comments could be quite accurate considering Starlink’s current scale. The constellation currently has more than 9,700 satellites in operation today, making it by far the largest satellite broadband network in operation. It has also managed to grow its user base to 10 million active customers across more than 150 countries worldwide.
Amazon’s Kuiper, by comparison, has launched approximately 211 satellites to date, as per data from SatelliteMap.Space, some of which were launched by SpaceX’s Falcon 9 rocket. Starlink surpassed that number in early January 2020, during the early buildout of its first-generation network.
Lower pricing also aligns with Starlink’s broader expansion strategy. SpaceX continues to deploy satellites at a rapid pace using Falcon 9, and future launches aboard Starship are expected to significantly accelerate the constellation’s growth. A larger network improves capacity and global coverage, which can support a broader customer base.
In that context, price reductions can be viewed as a way to match expanding supply with growing demand. Musk’s companies have historically used aggressive pricing strategies to drive adoption at scale, particularly when vertical integration allows costs to decline over time.
News
Tesla Giga Berlin makes a statement of solidarity amid IG Metall conflict
The display comes as tensions between Tesla and IG Metall continue to escalate.
Tesla Giga Berlin is sending a strong message of solidarity amid its ongoing legal dispute with German union IG Metall.
In a post on social media platform X, Giga Berlin plant manager André Thierig shared an image of the facility’s lobby covered with a large banner that reads: “Progress. Innovation. Success.” He added that the slogan reflects what the facility has stood for since Day One.
“Our lobby at Giga Berlin covered in a huge banner these days. Progress. Innovation. Success – this is what we stand for since we started production in 2022 and how we will go into our future!” Thierig wrote in his post on X.
The display comes as tensions between Tesla and IG Metall continue to escalate.
The dispute began after Tesla accused a union representative of secretly recording a works council meeting at Giga Berlin. Tesla stated that it filed a criminal complaint after the alleged incident. Police later confirmed they had seized a computer belonging to an IG Metall member as part of their investigation.
“What has happened today at Giga Berlin is truly beyond words! An external union representative from IG Metall attended a works council meeting. For unknown reasons he recorded the internal meeting and was caught in action! We obviously called police and filed a criminal complaint!” Thierig wrote on X at the time.
IG Metall denied the accusation and characterized Tesla’s move as an election tactic ahead of upcoming works council elections. The union subsequently filed a defamation complaint against Thierig. Authorities later confirmed that an investigation had been opened in connection with the matter.
Giga Berlin began production in 2022 and has since become one of Tesla’s key European manufacturing hubs, producing the Model Y, the company’s best-selling vehicle. The facility has expanded capacity over the past years despite environmental protests, labor disputes, and regulatory scrutiny.
Energy
Tesla Megapack Megafactory in Texas advances with major property sale
Stream Realty Partners announced the sale of Buildings 9 and 10 at the Empire West industrial park, which total 1,655,523 square feet.
Tesla’s planned Megapack factory in Brookshire, Texas has taken a significant step forward, as two massive industrial buildings fully leased to the company were sold to an institutional investor.
In a press release, Stream Realty Partners announced the sale of Buildings 9 and 10 at the Empire West industrial park, which total 1,655,523 square feet. The properties are 100% leased to Tesla under a long-term agreement and were acquired by BGO on behalf of an institutional investor.
The two facilities, located at 100 Empire Boulevard in Brookshire, Texas, will serve as Tesla’s new Megafactory dedicated to manufacturing Megapack battery systems.
According to local filings previously reported, Tesla plans to invest nearly $200 million into the site. The investment includes approximately $44 million in facility upgrades such as electrical, utility, and HVAC improvements, along with roughly $150 million in manufacturing equipment.
Building 9, spanning roughly 1 million square feet, will function as the primary manufacturing floor where Megapacks are assembled. Building 10, covering approximately 600,000 square feet, will be dedicated to warehousing and logistics operations, supporting storage and distribution of completed battery systems.
Waller County Commissioners have approved a 10-year tax abatement agreement with Tesla, offering up to a 60% property-tax reduction if the company meets hiring and investment targets. Tesla has committed to employing at least 375 people by the end of 2026, increasing to 1,500 by the end of 2028, as noted in an Austin County News Online report.
The Brookshire Megafactory will complement Tesla’s Lathrop Megafactory in California and expand U.S. production capacity for the utility-scale energy storage unit. Megapacks are designed to support grid stabilization and renewable-energy integration, a segment that has become one of Tesla’s fastest-growing businesses.