Finance Insurance

Dream deal with Tesla puts leasing startup’s future in doubt

MUSA Auto Finance, a Dallas-based company, advertised its Tesla leases on Instagram.
December 17, 2018 05:00 AM

This summer, executives at a tiny leasing startup thought they had landed the deal of a lifetime after inking a partnership with Tesla Inc. to manage leases of the electric Model S sedan and Model X crossover. But just months later, the future of the company — MUSA Auto Finance — is in doubt after the Tesla business quickly overloaded its capital resources.

Staying current is easy with newsletters delivered straight to your inbox.