16 Jun '17, 1pm

Tesla changes warranty, cuts used Model S prices, to lure Model 3 buyers

2016 Tesla Model S Enlarge Photo Tesla has given its used electric-car sales a jolt and sweetened the deals for potential buyers. CEO Elon Musk announced changes to the Tesla Model S sedan's warranty structure and major price cuts on used examples during the annual shareholder meeting held June 6. "Maybe somebody wants to buy a Model S for $35,000, $40,000," he said, "and they can have that today." DON'T MISS: Used Tesla Model S values stay higher than expected "And then when the Model 3 comes in, they can switch out to the Model 3, if they want. Model S is still going to be—because it’s more expensive car, bigger, there is more room for bells and whistles—It’s still going to be our premium car." The idea is to put those interested in a Model 3 behind the wheel of a Model S, especially if a customer hasn't yet pre-ordered a Model 3, per a transcript of the meeting from See...

Full article: http://www.greencarreports.com/news/1111059_tesla-changes...

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