Tesla offers small, medium business Model S financing

Tesla Model S
Allen Wastler | CNBC

Tesla Motors has rolled out a leasing program that allows small and medium-sized businesses to deduct Model S payments from business taxes.

Calling the new financing arrangement "straightforward and transparent," the electric car maker said Tuesday that customers will be able to see their monthly costs upfront as they decide the specifications of their car.

The new lending program is available through Tesla Finance, set up for the purpose of financing business clients. "These financing options, when combined with the fuel savings of Model S, provide an attractive value proposition compared to what's available for a gasoline-powered car," Tesla said.