This Summer, You No Longer Need to Be Rich to Drive a Tesla

Every tech boom needs its symbol of opulence, and now, thanks to a new business leasing initiative from Tesla, we can expect to see even more pricey electric cars on the road.

The new business leasing option was announced on Tesla's website Tuesday.

"Leasing a Model S takes 5 mins online, no signatures [and] one tap on car center screen to accept when delivered," Tesla founder and CEO Elon Musk tweeted, following the announcement.

Leasing a Model S takes 5 mins online, no signatures & one tap on car center screen to accept when delivered
— Elon Musk (@elonmusk) 8 April 2014

Part of the reasoning behind the new option, according to Tesla, is demand from small- and medium-sized business owners who have requested a leasing option that would allow them to deduct the expense from their taxes.

An entry-level Model S costs $469 a month to lease with upfront costs ranging from $3,500 to $6,000, depending on which state you live in. (California and Colorado offer incentives.)

Even if Tesla's calculations don't exactly match up with every lessee's situation, that general price point is likely to stir a lot of interest with even the most bootstrapped business owners looking to experience the best-reviewed electric car on the market.

The Tesla Model S lease program will be available in the states of  New York, Texas, California, Illinois, Massachusetts, Florida, Colorado, Washington, Connecticut and Maryland beginning in June.

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