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Tesla Drops Resale Value Guarantee in U.S.
Tesla Motors Inc. has dropped a three-year-old program that guaranteed the resale value of the company’s Model S electric sedans in the U.S. would at least equal that of luxury sedans from such rivals as BMW and Mercedes-Benz.
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Tesla Motors Inc. has dropped a three-year-old program that guaranteed the resale value of the company’s Model S electric sedans in the U.S. would at least equal that of luxury sedans from such rivals as BMW and Mercedes-Benz.
CEO Elon Musk personally backed the program to assure buyers of the then-new car. But Tesla says Model S resale values in the U.S. are actually better than levels guaranteed by the program, making the offer no longer necessary.
The company says it will continue to offer the resale value guarantee in certain foreign markets.
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