Tesla Motors Inc (TSLA) Offering Double Discount On Outdated Loaner Cars

Tesla Motors Inc (NASDAQ:TSLA) now offers lucrative double discount to its buyers on older inventory vehicles as these vehicles lack the recently introduced Autopilot hardware of the company.

Tesla clearing older inventory

The discount always offered on the older inventory vehicles is $1/mile already driven. To this they add the amount of 1% per month the car had been used. The company has now doubled the per-month age discount to 2% on vehicles that do not come with Autopilot hardware recently introduced by the company. The company had announced this software and the optional Dual Drive all-wheel drive together in the last month.

Now, Tesla Motors Inc (NASDAQ:TSLA) has doubled the discount on the old vehicles in its inventory. Those old vehicles lack the latest hardware upgrades and hence can be availed by the buyers for a slightly lower price than before. The offer is for a limited time as the inventory of the loaner cars will not take long before it runs out. Hence, anybody interested in buying it should act quickly. This will also help giving competition to rivals.

Source of the news

According to Jorge Sierra from Green Car Reports, a person at Tesla Motors Inc (NASDAQ:TSLA) forum known as Rifleman bought a used loaner car and got a better-than-expected price on it. The person informed that the original cost of the car was $83,000 on which he got a huge discount of $18,000. After this discount the price of well-equipped 2014 Tesla Model S with the 60-kilowatt-hour battery went below $66,000. Since Roadster days, Tesla has been followed by Rifleman who has always believed that ‘the company was destined for greatness.’

Recently, Jorge Sierra was told by a product specialist in a Tesla Store that ‘a ton’ of 60-kwh Model S service loaners were released by the company into inventory.

Tesla Motors Inc (NASDAQ:TSLA) will have two of its purposes solved with the mass release of S60 inventory. It is expected that the fourth-quarter delivery numbers will get a boost (if Tesla’s “deliveries” figure includes loaner cars ) with it and the P85D models will entirely replace the aging service fleet.