Tesla returns to ABS with $780m auto lease deal

Jennifer Kang

July 30, 2020 06:45 PM

Tesla — Tesla logo and signs are seen at a Tesla store in Palo Alto, California, United States on October 3, 2019. Telsa Inc. shares fell more than 4 percent on Thursday, after a weaker than expected 3rd quarter deliveries. (Photo by Yichuan Cao/Sipa USA) | Yichuan Cao/SIPA USA/PA Images

Electric car maker Tesla is preparing its fourth retail auto lease securitization, issuing into a strong ABS market supported by high investor demand and solid auto market fundamentals in spite of the virus, sources said.

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Coronavirus ABS Securitization United States Americas North America

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Jennifer Kang