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Tesla’s ‘New Leasing Experience’ hints at Model 3 and Model Y buyout options

Credit: Unique Auto Finishing/Instagram

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When Tesla launched the Model 3’s leasing program, the company remarked that customers would not be allowed to buy out their vehicles at the end of their lease periods as they would be utilized in the upcoming Robotaxi service. Tesla’s recently-launched “New Leasing Experience” for 2021 seems to suggest that this will no longer be the case. 

Tesla’s “New Leasing Experience” was announced in an email sent to leaseholders recently. The communication from the company noted that the program will be launched in early 2021, and it would feature several changes that could make the vehicle leasing experience more convenient. These include functions that would allow customers to view invoices, current account balances, and manage payment options from their Tesla Account. 

Yet perhaps the most notable update hinted at in Tesla’s email indicated that lessees could now buy out their leased vehicles. Granted, this option had been available for Model S and Model X lessees for some time now, but Tesla’s recent email was also sent to customers who have leased the Model 3 and Model Y. Such an option had not been available for the Model 3 and Model Y previously. 

Following is Tesla’s email to its lease customers:  

Tesla’s New Leasing Experience 

In the next few months, Tesla is moving the lease experience to your Tesla Account. Here’s what you need to know:

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New Place to Pay

You can conveniently make your payments and enroll in Autopay within your Tesla Account. 

New Management Options

Your Tesla Account will be your destination to conduct other actions including:

  • Extending your lease
  • Transferring your lease
  • Purchasing your car
  • Selling to Non-Tesla dealers
  • Reporting a Total Loss
  • Requesting an Early Lease Termination

Launch Date 

We’re launching this new experience early 2021. You will receive more information when we get closer to your launch date. No action is required at this point. 

If Tesla would indeed allow Model 3 and Model Y lessees to buy out their vehicles at the end of their lease period, it would suggest that the electric car maker had implemented some changes to its planned Robotaxi rollout. During the launch of the Model 3’s leases, after all, it was emphasized by the company that leased units of the all-electric sedan are specifically intended to be utilized for the company’s autonomous ride-hailing service

The reasons behind this potential change remain unknown for now, though it should be noted that Tesla today is a far different company compared to the Tesla that launched the Model 3’s lease option last year. Considering the company’s planned vehicle production ramp in the coming years and the activation of sites like Gigafactory Texas and Giga Berlin, Tesla could very well have the capability to produce enough vehicles for its Robotaxi service without relying on a fleet of leased cars. 

H/T Drive Tesla Canada

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Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

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Tesla might be doing away with a long-included feature with its vehicles

It appears Tesla is mulling the possibility of not including key cards with its vehicles any longer.

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Credit: Tesla

Tesla might be doing away with a long-included feature with its vehicles, as it could be looking to phase out something that very few owners utilize.

Tesla Key Cards are included when you purchase your vehicle, and they assist in the initial setup process. However, after that, they are not super useful or relevant to the owner, as many rely on their Phone Key through the Tesla App to access their cars.

As such, it appears Tesla is mulling the possibility of not including key cards with its vehicles any longer. According to some language that has been removed from vehicle Owner’s Manuals that talks about the inclusion of key cards with the car upon delivery:

“Tesla provides you with two Model 3/Y key cards, designed to fit in your wallet.”

That sentence was removed from Owner’s Manuals, according to Not a Tesla App, which first spotted the change.

Tesla Model 3 owner implants RFID key card chip into her arm as ultimate hack to unlock door

Interestingly, the timing of the phrase being removed from Owner’s Manuals comes just after Tesla launched its “affordable” Standard Models, and could be a small money-saving measure for the company.

Key Cards have been utilized by Tesla for its cars since 2017, as they became an included accessory with the vehicle. They still have their place and are useful for other applications, such as Valet service and even to be used by car owners if their phone is dead or if someone else needs to get into the car.

They can also be purchased in the Tesla Shop for $40.

It seems as if Tesla is planning to have owners be completely reliant on the Phone Key, which is more useful and convenient than carrying around the Key Cards.

Although it is minor, it is yet another strategy Tesla is using to trim any sort of costs that can be eliminated and could save money in the long run.

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Elon Musk confirms Tesla FSD V14.2 will see widespread rollout

Musk shared the news in a post on social media platform X.

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Credit: Whole Mars Catalog/X

Elon Musk has confirmed that Tesla will be implementing a wide rollout of Full Self-Driving (FSD) V14 with the system’s V14.2 update. Musk shared the news in a post on social media platform X. 

FSD V14.1.2 earns strong praise from testers

Musk’s comment came as a response to Tesla owner and longtime FSD tester AI DRIVR, who noted that it might be time to release Full Self-Driving to the fleet because V14.1.2 has already become very refined.

“95% of the indecisive lane changes and braking have been fixed in FSD 14.1.2. I haven’t touched my steering wheel in two days. I think it’s time, Tesla AI,” the longtime FSD tester wrote

AI DRIVR’s comment received quite a bit of support from fellow Tesla drivers, some of whom noted that the improvements that were implemented in V14.1.2 are substantial. Others also agreed that it’s time for FSD to see a wide release.

In his reply to the FSD tester, CEO Elon Musk noted that FSD V14’s wide release would happen with V14.2. “14.2 for widespread use,” Musk wrote in his reply

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Mad Max mode makes headlines

One of the key features that was introduced with FSD’s current iteration is Mad Max mode, which allows for higher speeds and more frequent lane changes than the previous “Hurry” mode. Videos and social media posts from FSD testers have shown the system deftly handling complex traffic, merging seamlessly, and maintaining an assertive but safe driving behavior with Mad Max mode engaged.

Tesla AI head Ashok Elluswamy recently noted in a post on X that Mad Max mode was built to handle congested daytime traffic, making it extremely useful for drivers who tend to find themselves in heavy roads during their daily commutes. With Musk now hinting that FSD V14.2 will go on wide release, it might only be a matter of time before the larger Tesla fleet gets to experience the notable improvements of FSD’s V14 update.

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Multiple Tesla Cybercab units spotted at Giga Texas crash test facility

The vehicles were covered, but one could easily recognize the Cybercab’s sleek lines and compact size.

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Credit: @JoeTegtmeyer/X

It appears that Tesla is ramping up its activities surrounding the development and likely initial production of the Cybercab at Giga Texas. This was, at least, hinted at in a recent drone flyover of the massive electric vehicle production facility in Austin. 

Cybercab sightings fuel speculations

As observed by longtime Giga Texas drone operator Joe Tegtmeyer, Tesla had several covered Cybercab units outside the facility’s crash testing facility at the time of his recent flyover. The vehicles were covered, but one could easily recognize the Cybercab’s sleek lines and compact size. Tegtmeyer also observed during his flyover that production of the Model Y Standard seems to be hitting its pace.

The drone operator noted that the seven covered Cybercabs might be older prototypes being decommissioned or new units awaiting crash tests. Either scenario points to a ramp-up in Cybercab activity at Giga Texas, however. “In either case, this is another datapoint indicating production is getting closer to happening,” Tegtmeyer wrote on X, highlighting that the autonomous two-seaters were quite exciting to see.

Cybercab production targets

This latest sighting follows reports of renewed Cybercab appearances at both the Fremont Factory and Giga Texas. A test unit was recently spotted driving on Giga Texas’ South River Road. Another Cybercab, seen at Tesla’s Fremont Factory, appeared to be manually driven, suggesting that the vehicle’s current prototypes may still be produced with temporary steering controls.

The Tesla Cybercab is designed to be the company’s highest-volume vehicle, with CEO Elon Musk estimating that the autonomous two-seater should see an annual production rate of about 2 million units per year. To accomplish this, Tesla will be building the Cybercab using its “Unboxed” process, which should help the vehicle’s production line achieve outputs that are more akin to consumer electronics production lines.

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