Tesla updates used-vehicle policy ahead of receiving massive influx of leased vehicles
Electric vehicle manufacturer Tesla Motors has updated its ‘certified pre-owned’ (used) vehicle policy this week. The changes have been made to the policy by Tesla Motors to stop ‘refurbishing’ of its used cars in the wake of a massive influx of leased vehicles coming back to the company because their 3-year leases are coming to an end.
The vehicle lease program was started by Tesla Motors in 2015. Under the program, the electric vehicles leased by the company are bought back, and are made to undergo a ‘recertification process’ in order to ensure that they are on point, including cosmetic repairs, if required.
After passing the vehicles through the ‘recertification process,’ a new 4 years contract and 50,000 more miles are added by Tesla for the more recent used vehicles.
So far as the older used cars are concerned, Tesla introduced a new type of warranty in 2017. Under that, the vehicles get a new two years and 100,000 miles (160,000 km) maximum odometer pre-owned limited warranty, along with round-the-clock roadside assistance.
Meanwhile, as a result of Tesla’s recently updated used-vehicle policy, some of the used vehicles listed by the company now come with a ‘Not Refurbished’ warning which says that the vehicle “has passed a 70-point mechanical inspection and will be cleaned before delivery.” The warning also adds: “If you would like any additional work that is not covered under your warranty, we can help arrange service after delivery for an added cost.”
In a recent press release, German automaker Audi has confirmed that the expected range of its all-electric e-tron Quattro SUV on the WLTP driving cycle will be “over 400 kilometers (248.5 miles)” on a single charge.
In an announcement made during Ford’s latest financial report this week, CEO Jim Hackett said that passenger cars are being phased out by the automaker, with its focus having shifting chiefly to electric vehicles (EVs) and trucks.
US electric vehicle manufacturer Tesla Motors has released its earnings report for the second quarter of 2018.
After Tesla’s most recent Model 3 production shutdown for adding a new production line, the automaker recently invited a Bloomberg team to its manufacturing plant in Fremont, to have a look at the Model 3 production line.
Taipei-based electric-vehicle startup Xing Mobility has unveiled its new electric hypercar, and has compared the specification of the vehicle to Tesla’s next-gen Roadster.
Electric vehicle manufacturer Tesla Motors has received one of the biggest orders thus far for its electric Semi truck --- 50 units of the truck have been ordered by TCI Transportation, a leading truck renting and leasing company in California.