Generally it’s recommended to lease an electric car rather than outright buy one, since the residual values for electric cars aren’t as great as their gas powered counterparts. Well if you’re hoping to lease a Tesla Model 3, you’ll have to wait until probably some time in 2019 to do so.

Tesla Model 3 Red

Tesla CEO, Elon Musk confirmed via Twitter that Tesla will not offer Model 3 leases for at least another six to nine months, since leases negatively effects Tesla’s cash flow.

Right now Tesla needs the cash from Model 3 sales, so it’s not surprising that it won’t offer any lease options for a while. Tesla probably doesn’t need to worry right now anyways, since there are still more than 450,000 reservations for the Model 3, which is more than Tesla will be able to produce this year.

Source: Twitter