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Tesla's Musk To Employees: No More Discounts On New Cars


Ron Burgundy
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Founder and CEO of Tesla Motors Elon Musk speaks during a media tour of the Tesla Gigafactory, which will produce batteries for the electric carmaker, in Sparks, Nevada, U.S. July 26, 2016. REUTERS/James Glover IIElectric carmaker Tesla Motors Inc Chief Executive Elon Musk told employees in an email to follow company policy of not offering discounts on new cars, answering some investors' recent concerns about the practice. In a Twitter message, Musk said "corrective action" had been taken on discounting of new vehicles, which "seems to be limited to a small number of cases." Musk's email to employees was included Wednesday in a response to comments on a Reddit posting of someone questioning the discount policy. The Tesla boss in the email to employees said, "It is absolutely vital that we adhere to the no negotiation and no discount policy that has been true since we first started taking orders 10 years ago." Musk said there could be discounts to floor models, vehicles that had been used for testing or were damaged in delivery.




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