Tesla sells $783 million of prime auto lease-backed debt to investors

Quick Summary:

The firm’s 25 per cent price cut on the Model 3 is the steepest drop among EVs so far this year, according to an iSeeCars study.

More than $292 billion in deals have hit the market so far in 2024, already surpassing last year’s total.

So far in October, carmakers have tapped the securitization pathway for $13.6 billion as they look to sell their loans or leases to institutional investors.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Tesla CEO Elon Musk Artificial intelligence Tesla Robo Taxi Delay Auto sector Tesla cars Humanoid Robots AI race Self-driving cars Internal use Elon Musk Japan's Honda and Hyundai Motor's Tesla robo taxi Elon Musk Elon Musk Automobile industry Tesla Inc Tesla

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-10 @ 08:05:59 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 566 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22973594

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