Ron Burgundy Posted July 13, 2016 Share Posted July 13, 2016 Tesla Motors Inc said on Wednesday it had discontinued its resale value guarantee program that assured buyers that cars would retain value over time, and lowered the starting price of its Model X crossover, the second time it has lowered prices this year. Tesla, Silicon Valley's electric vehicle maker, has been facing problems on several fronts, most recently an investigation by federal regulators over its Autopilot technology following a May 7 fatal crash. The discontinuation of the buyback program, as of July 1, shows the company stepping back on a pledge begun in 2013 that Tesla would buy back its cars financed through specified loan partners for a predetermined resale value after three years. View the full article Quote Link to comment Share on other sites More sharing options...
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