Tesla begins supplying cars to Israeli leasing companies

Tesla car in Tel Aviv  credit Hadar Ruth Bashan
Tesla car in Tel Aviv credit Hadar Ruth Bashan

Sources have informed "Globes" that Intel employees have received an official offer to take a Tesla 3 car on an operate lease basis from Eldan.

Tesla has begun supplying cars to Israeli company fleets. Sources have informed "Globes" that Intel employees have received an official offer to take a Tesla 3 car on an operate lease basis from Eldan. The leasing includes electric vehicle charging points and various other services, at a monthly price for employees, similar to those of other hybrid cars in the same price range, such as the Hyundai Sonata and the Toyota Rav4.

Since beginning exports to Israel a year ago, Tesla's office in Israel has come under heavy pressure to supply its electric vehicles to the leasing companies, which provide fleets to the employees of large Israeli companies. But Tesla had resolutely refused to provide cars to the leasing companies, saying that it was due to a shortage in available inventory and that in talks with the leasing companies that had been held, Tesla was offering unattractive terms, such as purchasing large numbers of cars, without any discounts.

Sources in Israel's car sector says that a large number of the Tesla cars sold in Israel last year were purchased independently by Israelis in the tech sector, as an alternative to a leasing deal from their companies. Tesla does supply cars to operate lease companies in the US and other countries.

To date the availability of all types of electric vehicles from leasing companies in Israel has been relatively small, both because of the limited inventory, and the fact that the leasing companies simply haven't been making attractive offers.

Intel said, "Intel has long been committed to work for the benefit of a range of environmental targets such as the shift to energy use for renewable and green sources. It is clear to everyone that as a chip giant that talking about the reduction of the environmental footprint also entails an obligation to change matters in the transport sector. Already today transportation to our manufacturing plant in Kiryat Gat is carried out by electric vehicles, the company's employees drive electric vehicles of various types such as the Ioniq 5, Aiways, Tesla, Geely, and MG, which we offer as part of the company's leasing plans. With certain models, as part of the plan, employees can receives free homer charging points. The feedback that we receive from employees on the decision to include electric vehicles in the vehicle leasing plan has been excellent."

Eldan declined to comment and no comment was received from Tesla.

Published by Globes, Israel business news - en.globes.co.il - on February 13, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.

Tesla car in Tel Aviv  credit Hadar Ruth Bashan
Tesla car in Tel Aviv credit Hadar Ruth Bashan
Forbes Rich List credit: Shutterstock Maslowski Marcin Wiz founders ranked in Forbes 2025 Rich List

There are a few dozen Israelis listed in the 2025 Forbes Real-Time Billionaires List including Wiz founders Assaf Rappaport, Yinon Costica, Roy Reznik and Ami Luttwak.

SatixFy CEO Nir Barkan credit: Ariel Barkan Canada's MDA Space to buy Israeli satcom co SatixFy

MDA Space will pay $269 million for the Israeli company, including taking on a $76 million debt and a 75% premium on SatixFy's closing price on Nasdaq yesterday.

Raising dollars credit: Shutterstock Israeli startups raised over $1b in March

Israeli privately-held tech companies have raised $2.1 billion in the first three months of 2025, according to IVC-LeumiTech, up 24% from the corresponding quarter of 2024.

Terminal 1 credit: Personal image Terminal 1 reopening revives Israel low-cost fare options

With the opening of the terminal for international flights, the Irish low-cost airline Ryanair has returned to Israel and with it, double-digit US dollar round-trip fares.

Arkady Volozh  credit: Shlomi Yosef Analysts see Israel-linked Nebius challenging CoreWeave

Nebius, founded by Yandex founder Arkady Volozh, operates in CoreWeave's AI server market, but is growing "more rationally", and has far less debt.

Bezalel Smotrich and Amir Yaron credit: Knesset Spokesperson and Tali Bogdanovsky Retail chains, credit card cos could soon act as banks

Israel's financial regulators have proposed that supermarket chains, credit card companies and investment houses will be able to accept deposits and offer credit.

Elbit Systems rocket launcher  credit: Elbit Systems Elbit Systems wins $130m European rocket order

The order is for the supply of rockets for Elbit's Precise and Universal Launching System (PULS), which has an effective range of up to 300 kilometers.

Nvidia VP Ali Kani credit: Nvidia Nvidia intensifies efforts to compete with Mobileye

"Globes" talks to Nvidia VP and automotive team head Ali Kani about the chipmaker's autonomous vehicle activities and assesses the threat to Mobileye.

Fitch ratings agency credit: Shutterstock Fitch reaffirms Israel's A rating with negative outlook

The ratings agency said, "The negative outlook reflects rising public debt, domestic political and governance challenges and uncertain prospects for the conflict in Gaza."

Tamar rig credit: PR Sovereign Wealth Fund earned handsome returns in 2024

Israel's Sovereign Wealth Fund, known as the Citizens' Fund, had assets worth about $2 billion at the end of 2024, the Ministry of Finance reports.

Fencing goes up Petah Tikva's Segula neighborhood  credit: NTA Work on Metro to begin in Petah Tikva

The first work on the Tel Aviv Metropolitan underground railways system will begin on the M2 line depot in Petah Tikva.

Startups credit: Shutterstock/NicoElNino IVC-LeumiTech: Tech fund raising jumps 24% in Q1

Israeli privately-held tech companies raised $2.13 billion in the first quarter of 2025, up 24% from the corresponding quarter of 2024, but down 12% from the preceding quarter.

Miri Regev and Yitzhak Rochberger credit: Yediot Ahronot/ Reuven Kapuchinsky and Amit Shabi Ramat Hasharon wants railway station for the Mossad

Ramat Hasharon is pushing for a station in Glilot neat the Mossad headquarters, even though a new station is also planned for Glilot South, 1.6 kilometers away.

Prime Minister Benjamin Netanyahu credit: Reuven Kastro Police call Netanyahu for testimony as aides arrested

Jonatan Urich and Eli Feldstein are being held over alleged payments received from Qatar while working in the prime minister's bureau.

Highcon chairperson Shlomo Nimrodi  credit: PR Packaging tech co Highcon winding down

The company, which numbers Benny Landa and JVP among its investors, is laying off most of its workforce, having lost 99.9% of its value since its flotation.

MK Almog Cohen  credit: Danny Shem-Tov, Knesset Spokesperson's Office Netanyahu halts Nevatim airport bill

Legislation mandating construction of an airport at Nevatim, near Beersheva, is ready for final Knesset approval, but the prime minister blocked it after a security cabinet meeting.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018