Tesla Motors Inc Could Offer Used Cars [REPORT]

Interested in purchasing a Tesla Model S for $35,000 to $50,000? You may have a chance if a used car program being proposed by Tesla is implemented and approved by regulators.

Tesla Motors Inc NASDAQ:TSLA’s used car program was confirmed in an Automotive News article, but a timetable for the program was not released.

As the end of Tesla’s 36 month leases start create traffic into the dealership for trade-ins, it will likely create a supply of used cars that might target an entirely different demographic audience.

Tesla value

New Tesla Model S designs retail for $70,000 to $100,000....