By Stephen Nakrosis 

Automotive subscription platform NextCar Holding Co., which has rebranded as Autonomy, said Thursday it will offer Tesla Model 3 electric vehicles through a subscription program.

The company said the service, which will initially be available in California, will provide customers with low-mileage Model 3 Teslas, and will later expand to include other Tesla models.

Shoppers can make reservations at, and the program will be featured on automotive marketplaces including and AutoWeb Inc., Autonomy said.

The company also said its Tesla Model 3 subscription features a month-to-month contract after a three-month minimum term.

Following the announcement, shares of AutoWeb moved higher. At 3:44 p.m. ET, the company's shares were trading up 21.77% at $3.85 each. At 3:46 p.m. ET, shares of TrueCar Inc. were trading 9.09% lower at $3.40 each.

The announcement follows the closing of an $83 million equity and debt financing and acquisition of the Autonomy brand, and the global trademark library and related brand IP, and the phone number 1-800-AUTONOMY, the company said.


Write to Stephen Nakrosis at


(END) Dow Jones Newswires

January 20, 2022 16:11 ET (21:11 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
Historical Stock Chart
From Jun 2022 to Jul 2022 Click Here for more Tesla Charts.
Historical Stock Chart
From Jul 2021 to Jul 2022 Click Here for more Tesla Charts.