Tesla's business leasing program in focus

|By:, SA News Editor

Tesla Motors (TSLA +3.5%) CEO Elon Musk is extolling the speed and ease of the company's new business leasing program on Twitter.

Musk tweets that an application only takes 5 minutes and just a few taps to procure a Tesla EV for a business customer.

Robert W. Baird thinks the initiative will boost demand for the Model S and Model X. It also gives Tesla the option of introducing asset-backed securities in the future.