Tesla Motors CEO Elon Musk is never short on words and with the recently announced Model S "lease" offer, which remains rather controversial, Musk turned to Bloomberg West to "clarify" the situation.
Tesla Introduces New Leasing Program...But Cancels 40-kWh Model S
There's discussion on Musk's buyback guarantee, some back and forth on the actual monthly "lease" rates for the Model S and then the interview turns to the cancellation of the 40-kWh version of the Model S.
There's obvious skepticism voiced by interviewer Betty Liu in regards to Model S lease rates, but Musk counters with some valid explanations that sort of make sense of Tesla's confusing "lease" rate calculator.
But it's Musk talking of the cancellation of the 40-kWh version of the Model S that most intrigued us. As Musk claims, the range of the 40-kWh Model S is too limited to ever be one's only vehicle. Musk says the 40-kWh version would only ever be a second vehicle for consumers and that's not Tesla Motors way. All Tesla offerings will have sufficient range so as to eliminate the need for Tesla drivers to own a "back-up" vehicle.
Choice Musk quotes: The 40-kWh Model S "Felt like a hobbled horse" and it "Wasn't a good product."
Check out the video interview for more on the Tesla story.
via Bloomberg TV