Tesla To Now Offer Lease On Powerwall In US: Finance Chief Says It Will 'Pay For Itself' - Tesla (NASDAQ:TSLA)

Core Insights - Tesla Inc. has announced a leasing option for Powerwall connections in the U.S., promising low monthly payments by internalizing tax credits and incentives [2][4] - Customers will have the option to buy out the service after five years, with Tesla covering maintenance and upkeep during the lease [3] - The company recently celebrated reaching 1 million Powerwall installations and signed a $4.3 billion deal with LG Energy Solutions for LFP batteries [5][6] Leasing Details - The lease terms include lower upfront monthly payments due to Tesla's internalization of tax credits [2] - Maintenance, including battery and inverter replacement, will be covered by Tesla throughout the lease duration [3] - The service is expected to generate utility bill savings that exceed the monthly lease price from Day 1, effectively providing customers with clean energy and backup protection [4] Sales Performance - Despite the positive developments in the energy sector, Tesla's auto division is facing challenges, with a reported 25% decline in sales in Italy during September [8] - The company has seen deliveries exceed analyst expectations in Q3, indicating a mixed performance across its divisions [8] Strategic Partnerships - The $4.3 billion deal with LG Energy Solutions will supply Tesla with LFP batteries for its energy storage business from 2027 to 2030 [6]