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Tesla aims to slash purchase and delivery process to just five minutes

by Justin King

The Instant Drive Away program is intended to be used for cash purchases or Tesla's own financing and leasing options.

Tesla is reportedly working to slash the time it takes a buyer to walk in and drive away with a new vehicle.

The 'Instant Drive Away' program is said to set a target of just five minutes to complete the purchase and delivery process, according to an report.

The hasty method is associated with cash purchases or Tesla's own financing and leasing options. Third-party financing is not expected to be eligible due to the longer paperwork process.

CEO Elon Musk earlier this year lamented the transition from 'production hell' to 'delivery logistics hell' as Model 3 output volume continues to increase. The Model 3 is on track to become America's best-selling sedan, despite carrying a base price more than $10,000 higher than its eventual $35,000 entry point.

The company is expected to pull out all the stops for the last few weeks of the year to reach its fourth-quarter delivery goals.

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