<div id="readability-page-1"><div><div><p><strong>Tesla Inc.</strong> (NASDAQ:TSLA) has announced it will offer leases on Powerwall connections in the U.S.</p><p><em>Check out the current price of TSLA </em><em>here</em><em>.</em></p><h2>Tesla Promises Low Monthly Payments</h2><p>The company released a statement on its official website on Thursday, detailing the terms of the lease, offered on Powerwall and Solar connections in the U.S. &#34;Tesla internalizes tax credits and incentives (as system owner) and passes the savings to you through lower monthly payments upfront,&#34; the company said on the official website.</p><p>It also added that the company will offer customers a chance to buy out the service after the fifth year of the lease. Tesla also said that the company will cover the maintenance and upkeep of the system for the duration of the lease, &#34;including battery and inverter replacement.&#34;</p><p><em>Source: Tesla</em></p><h2>Tesla's Finance Chief Says The Service Will ‘Pay For Itself'</h2><p>Taking to the social media platform X on Thursday, the company's Vice President of Finance, <strong>Sendil Palani</strong>, said that the company expects the Solar + Powerwall lease can “pay for itself” from Day 1, generating utility bill savings that exceed the monthly lease price in many cases.&#34;</p><p>Palani added that customers are effectively getting paid &#34;to enjoy clean energy + backup protection&#34; in these cases.</p><h2>Tesla's 1 Million Powerwall Milestone, LG Energy Deal</h2><p>The news comes as Tesla had announced back in June that it had reached 1 million Powerwall installations. &#34;Congratulations Tesla Nevada team on building our 1,000,000<sup>th</sup> Powerwall powering American homes, boosting energy independence, and strengthening U.S. manufacturing,&#34; the company had said.</p><p>The company also signed a $4.3 billion deal with South Korean battery manufacturer <strong>LG Energy Solutions</strong>, which will supply the EV giant with LFP batteries for its Energy storage business. LG will supply the batteries out of its U.S. manufacturing plant for three years from 2027 to 2030.</p><h2>Tesla's Falling Sales Despite Q3 Surge</h2><p>The company's auto division, meanwhile, continues to grapple with poor sales as the latest data released by the authorities in Italy suggests that Tesla's sales fell 25% in the region during the month of September, despite the company's deliveries beating analyst expectations in Q3.</p><p>Tesla scores well on Momentum and Growth metrics, while offering satisfactory Quality, but poor Value. Tesla also offers a favorable price trend in the Short, Medium and Long term. For more such insights, sign up for Benzinga Edge Stock Rankings today!</p><p><em>Check out more of Benzinga’s Future Of Mobility coverage by</em><em> following this link.</em></p><ul> <li>Tesla's ‘Inflatable Aerodynamic' Patent Could Boost Cybertruck's Efficiency But Risks Reigniting Design Debate: Here's Why</li> </ul><p><em>Photo courtesy: Shutterstock</em></p></div></div></div>

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<p>Tesla Inc. has announced a leasing option for its Powerwall and Solar connections in the U.S., promising low monthly payments by internalizing tax credits. Customers can buy out the service after five years, with maintenance covered during the lease. Tesla's Finance Chief stated the service could 'pay for itself' through utility savings. This announcement follows Tesla reaching 1 million Powerwall installations and a $4.3 billion deal with LG Energy Solutions for battery supply. Despite this, Tesla's auto sales fell 25% in Italy in September, despite strong Q3 deliveries.</p>

- Tesla Inc. has announced the availability of leases for Powerwall connections in the U.S., promising low monthly payments by internalizing tax credits.  
- The company’s Vice President of Finance stated that the Solar + Powerwall lease could generate savings that exceed the lease price, effectively paying for itself.  
- This announcement follows Tesla reaching 1 million Powerwall installations and a $4.3 billion deal with LG Energy Solutions for battery supply, despite facing a 25% sales decline in Italy.  

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Tesla To Now Offer Lease On Powerwall In US: Finance Chief Says It Will 'Pay For Itself'