– Dec. 19th 2018 5:30 pm ET
A source familiar with the matter told Electrek that the new program is called ‘Instant Drive Away’.
The automaker is aiming for the new program to enable an entire buying and delivery process in just 5 minutes.
Inventory vehicles are eligible and buyers need to purchase with cash, leasing, or Tesla Financing.
Tesla is apparently able to handle paperwork faster with those payment options, but the program doesn’t work with third-party financing options.
Earlier this year, we reported that Tesla formed a new delivery organization to take over the responsibilities of deliveries as volumes are rapidly increasing.
At the time, we learned that the new team aimed to reduce the delivery process to 5 minutes from a delivery hub receiving a vehicle to the customer driving away.
But there’s also a delay between customers buying Tesla vehicles and the actual delivery date.
Now the new ‘Instant Drive Away’ program aims to handle the entire process in record time.
Over the last few months, Tesla CEO Elon Musk has been talking about the importance of reducing the time between production in delivery from a financial basis.
The automaker has launched other new delivery efforts in order to achieve that.
We reported last week that Tesla still has some inventory vehicles available in a few markets in the US.
Musk also announced last week that Tesla is releasing its fleet vehicles for sale to help deliveries before the tax credit phase-out, which starts next year.
We contacted Tesla about the new program and we will update if we get an answer.
I think this last week of the year is going to be insane at Tesla.
A source familiar with Tesla’s sales in the US told Electrek that the company was still about 81% to its delivery goal for the quarter in the US as of yesterday.
It’s not impossible for them to still reach the goal, but it’s going to take an incredible effort.
Good luck to all Tesla employees.