Mexican Media Brands
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.
#hybrid
Share
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.
RELATED CONTENT
-
Internal Combustion Engines’ Continued Domination (?)
According to a new research study by Deutsche Bank, “PCOT III: Revisiting the Outlook for Powertrain Technology” (that’s “Pricing the Car of Tomorrow”), to twist a phrase from Mark Twain, it seems that the reports of the internal combustion engine’s eminent death are greatly exaggerated.
-
What the VW ID. BUGGY Indicates
Volkswagen will be presenting a concept, the ID. BUGGY, a contemporary take on a dune buggy, based on the MEB electric platform that the company will be using for a wide array of production vehicles, at the International Geneva Motor Show.
-
Hyundai Shops for a Partner to Make Electric Scooters
Hyundai Motor Co. is looking for a domestic partner to mass-produce the fold-up Ioniq electric scooter it unveiled at last year’s CES show in Las Vegas, a source tells The Korea Herald.