Yesterday, Tesla Motors (NASDAQ:TSLA) announced its new financing product for its Model S, which partners with megabanks Wells Fargo (NYSE:WFC) and U.S. Bancorp (NYSE:USB). 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.
David Hanson has no position in any stocks mentioned. Matt Koppenheffer has no position in any stocks mentioned. The Motley Fool recommends Tesla Motors and Wells Fargo. The Motley Fool owns shares of Tesla Motors and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.