A pandemic-driven spike in car prices could help Kyte, but likely will not last, economist says.
Despite Tesla’s promises, a widely available and more-affordable car from the high-end electric vehicle company has yet to appear, leaving would-be owners empty handed.
Beginning in two weeks, if all goes according to plan, motorists in San Francisco and a swath of the East Bay between El Cerrito and Alameda will be able to get their hands on a Model 3 via a “subscription” and no down payment.
Tesla offers a three-year Model 3 lease for a much lower $468 per month for an annual 10,000 miles, but requires an up-front payment of $5,663 and the owner must have insurance. Santa Monica-based Autonomy charges $490 per month for 1,000 miles per month, and like Kyte offers a three-month option, but requires a $4,900 “start fee” and also requires the driver to have insurance.
“We don’t want to only be innovators in how we give people access to cars, but we want to be a catalyst for the rapid change going on in the transportation industry as a whole,” Zahnlecker said.
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