Tesla cancels guaranteed-price buyback program for electric cars

Tesla Store Los Angeles [photo: Misha Bruk / MBH Architects]As of July 1, Tesla no longer offers its guaranteed buyback program for electric cars. The program was launched in 2013 to help reassure consumers buying the then-new Model S sedan that its resale value wouldn’t plummet. Under the terms of the program, which Tesla promoted as an alternative form of leasing, owners could sell their cars back to…

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