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Warren Buffett and Tesla Motors Love These Banks

By David Hanson and Matt Koppenheffer - Apr 3, 2013 at 2:42PM

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Tesla's new financing program with these banks highlights an important trend.

Yesterday, Tesla Motors (TSLA -6.42%) announced its new financing product for its Model S, which partners with megabanks Wells Fargo (WFC -0.79%) and U.S. Bancorp (USB -0.06%). While the deal is certainly more impactful to Tesla's overall business, the partnership highlights the brand power of these banks.

In this video, Motley Fool banking analysts David Hanson and Matt Koppenheffer tell investors why investors in these banks should be excited and optimistic about the deal. 

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Stocks Mentioned

Wells Fargo & Company Stock Quote
Wells Fargo & Company
WFC
$41.67 (-0.79%) $0.33
Tesla, Inc. Stock Quote
Tesla, Inc.
TSLA
$663.90 (-6.42%) $-45.52
U.S. Bancorp Stock Quote
U.S. Bancorp
USB
$49.21 (-0.06%) $0.03

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