Tesla shifting gears from selling cars to renting

Watch Tesla shifting gears from selling cars to renting - New York Post on Dailymotion

Transcript

00:00Tesla recently approved a $1 trillion, yes, trillion with a T, pay package for CEO Elon Musk.

00:08Because of all people out there, he really needs the money. He doesn't. Now, okay, they aren't

00:14actually handing him just a ginormous trillion dollar check. It's more like an NFL running back

00:21who gets a bonus if he scores 15 touchdowns. Musk's pay package is largely incentive-based,

00:26so it's in his best interest to make sure Tesla makes a ton of money so he can make a ton of money

00:31and the rich get richer. Well, problem is, Teslas aren't the it girl of the automotive world anymore,

00:38and US sales of the electric vehicles are in a slump. So, to try to boost the bottom line,

00:43Musk is turning to renting Teslas. And when I say renting, I mean renting. I am not using that as

00:50a synonym for leasing. A pilot program at two California Tesla dealerships allows drivers to

00:55borrow a car for three to seven days straight off the lot for as little as $60 a day. Each rental

01:01includes free supercharging and self-driving modes, as well as no mileage limits. Honestly,

01:06not a bad deal. Only one catch, and it's kind of minor. The cars can't leave the state.

01:11The move is the company's latest attempt to get more people behind the wheel of EVs

01:15in the hopes that they're going to love them, get hooked, and then maybe buy one of their own,

01:19even now that the $7,500 EV tax credit has expired.