![]() ![]() Just send a message to to give us a heads up. As per previous reports, “Project Highland” would involve some updates to the Model 3, such as a better infotainment system and some changes to the vehicle’s exterior and powertrain performance.ĭon’t hesitate to contact us with news tips. Such interest would likely see an increase in the near future, especially once Tesla rolls out updates that were hinted at in the recent “Project Highland” reports. The selloff of new Model 3 units bodes well for the all-electric sedan, as it shows that the vehicle still enjoys ample interest from consumers. Model Y = 38 (all 5-seat LR/Performance – will not qualify)ģ/Y = 39 - 4X Mil Mile Battery ~ Ryan December 30, 2022 Model 3 = 1 (Performance in Minnesota – will not qualify) While that never happened, the move proved super successful because Tesla now has a lot of vehicles coming off leases, and used car prices are hitting all-time highs.Y is being decimated with latest rebate news $TSLA This is increasing the automaker’s supply of used vehicles to resell.Īt first, Tesla said that the move would be to build a fleet of self-driving cars. We previously reported that Tesla changed its policy to now prevent anyone from buying their car after their lease is over. MSRP excludes transportation and handling charges, destination charges, taxes, title, registration, license, tag, preparation and documentary service fees, insurance charges, and Dealer add-on products, accessories and associated labor and installation charges. While Tesla doesn’t advertise its used cars, it has the advantage of having great control over the inventory. Starting price is MSRP, or Manufacturer’s Suggested Retail Price. Since Tesla doesn’t advertise, delighted used car customers are our version of Super Bowl commercials. They are distributed across North America, ensuring every used Tesla meets our quality standards, so we can delight every customer at the point of delivery. The executive added about Tesla’s used car team: Tesla’s used car business would have an annual run rate of over $1 billion if it’s about 20% of that line item.ĭouglas made a comment promoting a new job listing posted by Alex Liebl, manager of Tesla’s Used Car Quality, as the team is expanding. It’s up more than 50% over the last year to $1.4 billion in revenue last quarter. However, that line item is going up fast. It is impossible to confirm if Tesla’s secondary car business is worth that from public filings since the automaker files the business under “service and other” in its revenue report. The executive is likely comparing it to companies like Carvana and AutoNation, which are worth between $4 and $6 billion. It’s as big as some publicly traded used car retailers you’ve definitely heard of, despite no Super Bowl commercials or wacky waving inflatable arm flailing tube men. ![]() Most people don’t realize that Tesla runs its own vertically-integrated, nationwide online used car retailer. Tesla’s used car business is now so big that Jimmy Douglas, director of sales and delivery operations at Tesla, claims it is “as big as some publicly traded used car retailers”: Operating its own dealership gives the automaker strong control over its used vehicles as owners upgrade or vehicles come off leases. This has a tremendous and obvious impact on its distribution and service organization, but it also has a lesser-known impact on how it manages used cars. It doesn’t use the third-party franchise dealership model. Tesla operates all of its stores, service, and delivery centers. Many factors separate Tesla’s business from other automakers, and its direct-sale model is one of the biggest – and probably the one that other automakers are most jealous of. Tesla claims its used car business is “as big as some publicly traded used car retailers,” and it is expanding fast. ![]()
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