Tesla (TSLA) unveils what it calls a "revolutionary" financing option for the Model S. Buyers...

|About: Tesla Motors (TSLA)|By:, SA News Editor

Tesla (TSLA) unveils what it calls a "revolutionary" financing option for the Model S. Buyers can purchase a Model S on credit (provided by US Bank and Wells Fargo) for 10% down and monthly payments - Tesla claims the "true net out of pocket cost" is less than $500/month after factoring gas savings. After 36 months, buyers have the right to sell the car back to Tesla "for the same residual value percentage" as a Mercedes S Class vehicle. Shares -0.4% AH.