Tesla to give car maker ‘guarantee of second hand care’

The US-based electric-car maker Tesla is set to offer a guaranteed second-home loan to a second-generation car buyer.

Key points:The loan will be available to buyers of the new Model 3 electric sedan from November and is expected to be the highest level of finance offered to a Tesla customer since the Model S electric car was launched in 2017Mr Musk said the loan will help fund a car range expansion that is expected from the vehicleIt will be a first for a car maker and could see the first car owner in Australia granted a guarantee of second-guess.

The Tesla guarantee is similar to a loan the US-born company offers to its second- and third-generation cars.

The company announced the first guarantee of its kind earlier this month.

The loan would be for a range of cars, including the Model 3, and the company is yet to provide details on how the loan would work.

Tesla has been a pioneer in the electric car field, but has struggled to ramp up its production to meet demand, leading to a spate of recalls.

A range expansion from the Model 4, due in 2021, has also been a stumbling block for Tesla.

“The Model 3 is the biggest milestone for the company in terms of its growth,” Tesla said in a statement.

“It has made us an electric car manufacturer with a global reach, and we are delighted to be able to expand into second-and-third-generation vehicles with our new Model 4.”

Mr Musk told ABC News the guarantee would give a buyer “a second chance to own the car they want, at the best price possible”.

“The guarantee gives us a real second chance at the price we want to pay, and also provides a guarantee that we can build this company with our best minds and have a chance to build it in a way that meets the needs of the customer,” he said.

The Model 4 will be sold with an option to purchase the Model X or Model 3 as the car is expected be the “best-selling vehicle of this generation”.

It is the first time a car company has offered a guaranteed loan to its first-generation customers, and it will come after months of controversy over the car’s battery pack.

Last month, Tesla confirmed it would recall over 300,000 vehicles from California, including vehicles made by rival electric-vehicle manufacturer Tesla, over the Model III battery pack defect.

Tesla CEO Elon Musk said he hoped the recall would bring about a “better relationship” with customers.

The issue prompted a recall of around 20,000 of the Model Y, a plug-in electric vehicle with a range to spare.

But Mr Musk said there was no way for Tesla to guarantee a return to the pre-Cars recall.

“We have to take that into account,” he told ABC Radio.

“Our goal is to keep the price down.

We don’t want to charge $35,000 more to the customer for a product that they’ve been wanting to buy for a long time.”

Topics:electronics-and,automotive,business-economics-and_finance,car-manufacturing,technology,automi-20160205,usa

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