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"Musk is betting that the car will be so good that people will want to keep it." Or that Tesla can sell "certified pre-owned" models for > the cost of the buyb
by 2arrs2ells 14y ago
"Musk is betting that the car will be so good that people will want to keep it."
Or that Tesla can sell "certified pre-owned" models for > the cost of the buyback.
- notahacker 14y agoTrue, but if owners are looking to return their Teslas en masse after 36 months the residual value will be a little less than the 43% they're apparently guaranteeing here. It's not just a hedge against you ending up with a dud car either: you're also protected from a perfectly adequate '13 model's value being driven down by a new generation of Teslas which are drastically better (or better value). That's a worthwhile guarantee for the early-adopter of a physical product in a rapidly evolving market Expect the most dramatic innovations from Tesla to come in 2017 and beyond then... :-)