Elon Musk: The People Who Mocked Our Last Leasing Deal Were Right (TSLA)

Elon Musk did something today that is somewhat rare for a CEO. He admitted that he was wrong, and his critics were right. Musk announced today Tesla will tweak its lease-buy financing scheme that it announced last month. Tesla partnered with Wells Fargo and US Bank to create a financing situation which it believed could knock the monthly cost of a Model S down to less than $500 a month. However, the sub-$500 monthly payment was based on a number of dubious factors, and upon close examination it ...