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Tesla Motors Stands Behind Its Battery With New Warrenty

Hoping to make drivers more comfortable with electric cars, Tesla Motors announced Friday that it will cover the cost of repairing the batteries on its Model S sedan in every situation other than a collision or owner tampering.

Elon Musk and the Model S

Elon Musk and the Model S

“As long as you don’t try to destroy it, it’s covered,” said Tesla CEO Elon Musk.

Musk also announced that the company would create a fleet of 100 “loaner” cars that Model S owners can drive while their own sedans are in the shop. The loaners will be the most expensive version of the Model S that Tesla makes, with the most features and best battery range. If a Model S owner likes the loaner better than his own car, he can trade in his original sedan and buy the loaner.

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The loaners will sell at a slight discount to a new Model S Performance sedan, which starts at $94,900. Loaner prices will drop 1 percent for every month of age and $1 for every mile driven. A valet will deliver the loaner to a Model S owner and pick up the car that needs repair, part of what Musk called “better than invisible” service.

Read more at: http://blog.sfgate.com/energy/2013/04/26/tesla-motors-stands-behind-its-battery-with-new-warranty/

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