Following a comment by CEO Elon Musk that due to rising interest rates, the automaker would, “have to do something” to stimulate sales, Tesla Inc. has begun offering its purchasers an 84 month auto loan, to encourage buyers.

The company’s website now offers the 7 year loans as an option on its order pages. Previously the longest duration loan the company offered was 72 months. Although a longer term loan can be attractive due to lower monthly payments, it will tend to lead the borrower to pay more in interest, and risk the buyer ending up owing more money than the car is actually worth.

Elon Musk has frequently criticized the US Federal Reserve and its implementation of monetary policy. In November, Musk had tweeted that the interest rate increases of the central bank were, “massively amplifying the probability of a severe recession.” Critics of Musk note that his predictions of a currency deflation and recession have not yet come to pass.

During an earnings call for the company on July 19th, Musk said, “When interest rates rise dramatically, we actually have to reduce the price of the car, because the interest payments increase the price of the car. So we have to do something about that.”

Credit company Experian noted that although 84-month loans for cars have become more popular as the economy has been slowing down, earlier this year the trend had begun to slow. One year ago, during the first quarter about 38% of new vehicle loans were longer than 72 months. This year, during the first quarter, about 34% of new vehicle loans exceeded 72 months.

During the second quarter of this year, Tesla delivered 466,140 vehicles, however the company has been selling fewer cars than it has been producing for all of the last five quarters.

Share prices dove last week off of concerns for profits after Musk made the offhanded comment that the company would need to continue to lower prices if interest rates continued to rise.