No more Tesla buyback guarantee as company cuts prices again

2016-07-13 5

Tesla Motors Inc said Wednesday it discontinued its resale value guarantee program that assured buyers cars would retain value over time and lowered the starting price of its Model X crossover, the second time it lowered prices this year A Tesla spokesperson said the program was discontinued to “keep interest rates as low as possible and offer a compelling lease and loan program to customers." A new version of the Model X crossover, the 60D, will be priced from $74,000, $9,000 less than the Model X 75D Equipped with a 60kWh battery, the 60D has less torque and a shorter range than the 75D