Tesla Motors Inc. is offering a guaranteed second-hand price-hangover for some buyers, the latest sign of the company’s ambition to expand its sales of electric vehicles.
The automaker said on Wednesday it is offering its owners a guaranteed 2,500 miles of “premium” gasoline for about $4,800 after they take out a $1,000 down payment on a vehicle.
Tesla’s pricing structure is similar to what is offered by other automakers, but it does not include warranty coverage.
“We believe this offer will provide a valuable incentive for owners to purchase a Tesla,” Tesla said in a statement.
“The price will vary based on the vehicle model and trim level, but a guaranteed cash price of $4.800 will be available upon purchase.”
Tesla is also offering a 2,000-mile guarantee for those who make at least $75,000 per year and buy a $100,000 car.
The company says the guarantee will not apply to people who purchase a vehicle with a lease that does not expire after the first year of ownership.
The program, which Tesla is rolling out nationwide, is available to customers in all 50 states.
Tesla says it has offered the guarantee since June.
The automaker has been criticized for its lackluster sales in recent years, and analysts have said that Tesla is not offering a good value.
Tesla has said that its first-quarter financial results were disappointing.