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Tesla Prevented Lease Buy Outs to Sell Used Cars at a Profit

  • Tesla prevented lease buyouts to sell used cars at a profit by implementing a policy that restricted the buyback option at the end of lease terms.
  • The company sold leased vehicles as used cars instead of keeping them for a 'Robotaxi' fleet, allowing for software upgrades and increased resale prices.
  • This practice, legal but seen as misleading, contributed to Tesla's growth but also raised concerns about the company's transparency with investors.
  • Elon Musk's repeated promises of self-driving cars have yet to materialize, but Tesla's financial success has continued despite these delays.

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