MONEY WHERE HIS MOUTH IS

12th April 2013

South African-born entrepreneur and Tesla Motors CEO Elon Musk announced that the company would begin its first lease-style financing programme for the Model S electric sports car. The convoluted financing plan will reportedly allow participants to receive a car valued at around $70 000 for as little as $500 a month. Musk also says he will personally guarantee the buy-back value at the end of three-year period.