Tesla is fighting the EV sales slump with short-term rentals

Tesla hopes that radical who won’t bargain its EVs volition astatine slightest rent 1 for a while. | Image: David Paul Morris/Bloomberg via Getty Images

Tesla is present successful the concern of short-term car rentals, arsenic the institution tries to mitigate falling income successful the US pursuing the expiry of national taxation credits for electrical vehicles. Rentals are presently being offered successful 2 California Tesla stores successful San Diego and Costa Mesa, with plans to grow to much locations by the extremity of this year, Electrek reports.

Vehicles tin beryllium rented for 3 to 7 days, with prices starting astatine $60 per day, depending connected the Tesla model. To sweeten the deal, Tesla is allowing customers to complaint the vehicles astatine Supercharger locations and usage supervised Full Self-Driving for free, alongside providing a $250 recognition for renters who take to acquisition a Tesla.

Third-party rental services similar Hertz already person Tesla vehicles disposable successful their fleets, but Tesla’s caller programme cuts retired the middleman for anyone who wants to prosecute from the institution directly. This motorboat comes arsenic request for EVs is expected to diminution successful the US pursuing the $7,500 national taxation recognition ending connected October 1st. Now that radical person already rushed to usage those credits earlier they disappear, EV-only conveyance companies similar Tesla, Rivian, and Lucid are trying to find ways to forestall their cars from languishing in showrooms.