Tesla Motors Inc has ended a program that guaranteed the resale value of its cars, and lowered the starting price of its Model X crossover, the high-profile electric vehicle maker said on Wednesday. Tesla announced on July 13 that it is ending its resale value guarantee programme, which assured owners their cars would retain value over time, as well as lowering the entry-level price of the Model X to $74,000 reflecting a saving of $9,000. The company said in an email statement that “due to changes made by Tesla, we are no longer able to provide this guarantee.”
Tesla announced on July 13 that it is ending its resale value guarantee programme, which assured owners their cars would retain value over time, as well as lowering the entry-level price of the Model X to $74,000 reflecting a saving of $9,000. The company said in an email statement that “due to changes made by Tesla, we are no longer able to provide this guarantee.”