Illustration by Alex Castro / The Verge
Tesla has slashed its used car warranty in another round of what could be seen as belt-tightening ahead of what is expected to be a crucial third-quarter financial report.
According to Electrek, the automaker previously offered a two- to four-year warranty on used Model S and X vehicles, but now only offers a warranty of one year or 10,000 miles over the original policy.
The used-car warranty is being offered on top of a new-car warranty, which benefits anyone buying a more recent used vehicle from Tesla. But for anyone looking to acquire a used Tesla made in 2016 or later will see their warranty protections severely eroded.