|
|
|
|
|
|
by bduerst
2658 days ago
|
|
|
Who is paying for the cost of the car up front? That is the person who is carrying the capex and credit risk of this operation. Even with leases, the lease holder is paying with debt up front and is on the hook to fulfill payments, otherwise they're legally liable and their credit suffers. A rideshare rev split (or affiliate model) doesn't ensure the driver will cover the cost of the car and the manufacturer is on the hook with the risk of a depreciating asset not making money. If you do tie this to credit: - i.e. the driver pays in debt and loses if they don't fulfill rideshare payments - then you're just creating a lease with more strings attached. |
|
|
Banks, ostensibly. That's what banks do, buy credit risk.
Or Tesla might just take the risk themselves, they continue to be in a reasonable position to raise cash. That's not typical for them though, they've traditionally relied on banks for consumer financing.
This is speculation now, but I get the vibe from Elon that he is interested in a revenue share in the ridesharing world, but that he doesn't think Tesla should be own its own fleet. That puts them into a much more airy fairy financial model, and I think Elon likes the economics of selling cars. Tesla is already a hard enough sell on Wall Street as it is, without a big fleet of cars depreciating on the books.