#musa

Tesla Leasing Partner Embroiled in Financial Trouble

Tesla’s Dallas-based leasing partner, MUSA Auto Finance, finds itself in a tough spot. Apparently, the business is having trouble keeping up with all the business the automaker is doing. Founded in 2016, MUSA joined up with Tesla in June of this year. However, it has reportedly been unable to finance new leases since October.

According to Automotive News, Tesla caused MUSA’s leasing volume to increase by a factor of six between August to September. As of December, MUSA dealer clients said lease approvals have yet to resume — leaving some dealer partners up a creek without a paddle and some customers without their car.

Matt Posky Dec 17, 2018

Recent Comments

28-Cars-Later Actually Honda seems to have a brilliant mid to long term strategy which I can sum up in one word: tariffs.-BEV sales wane in the US, however they will sell in Europe (and sales will probably increase in Canada depending on how their government proceeds). -The EU Politburo and Canada concluded a trade treaty in 2017, and as of 2024 99% of all tariffs have been eliminated.-Trump in 2018 threatened a 25% tariff on European imported cars in the US and such rhetoric would likely come again should there be an actual election. -By building in Canada, product can still be sold in the US tariff free though USMCA/NAFTA II but it should allow Honda tariff free access to European markets.-However if the product were built in Marysville it could end up subject to tit-for-tat tariff depending on which junta is running the US in 2025. -Profitability on BEV has already been a variable to put it mildly, but to take on a 25% tariff to all of your product effectively shuts you out of that market.
Lou_BC Actuality a very reasonable question.
Lou_BC Peak rocket esthetic in those taillights (last photo)
Lou_BC A pickup for most people would be a safe used car bet. Hard use/ abuse is relatively easy to spot and most people do not come close to using their full capabilities.
Lorenzo People don't want EVs, they want inexpensive vehicles. EVs are not that. To paraphrase the philosopher Yogi Berra: If people don't wanna buy 'em, how you gonna stop 'em?

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