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We Hear: Tesla Sets Up Roadster-to-Model S Trade-In Program

We Hear: Tesla Sets Up Roadster-to-Model S Trade-In Program

Tesla is ready to help out those owners who feel that their Roadsters aren’t new and shiny enough. According to a new report, the electric car maker will be giving owners a credit when they trade in a Roadster for a new Model S.

2012 Tesla Model S rear three quarter 2 300x187 imageThe San Francisco Chronicle reports that Tesla has created a buyback program for current Roadster owners who are looking to move into a new Model S. Tesla’s program works just as any other trade-in deal would work, and has been created to help simplify the process for Model S/Roadster customers, according to Tesla representative Christina Ra. Since some Model S variants are actually priced well below the Roadster, it is possible for an owner to receive more on a trade than the cost of the new car. “In that case, we’d write you a check,” Tom vonReichbauer, Tesla’s director of finance, told the Chronicle.

Pricing for the Model S hatchback starts at $57,400 for the 40 kWh battery, steps up to $67,400 for the 60 kWh car, and $77,400 for the 85 kWh model (all prices are before any government tax rebates). The EPA has already rated the 85-kWh Model S at 89 MPGe and a range of 265 miles. Currently, the only Model S versions being built are the top-spec Signature Performance models that use the 85-kWh battery; an upgraded interior, suspension, and wheels; and the exclusivity of being just one of 1000 units built. Once all the Signature models are built, the automaker will begin to produce the Model S and Model S Performance versions.

Having a cache of Roadsters will also help Tesla, the Chronicle points out. Having another vehicle to sell alongside the Model S until the Model X crossover debuts will help the automaker keep retail sales going. It’s expected that a Roadster would be resold for anywhere around $73,000 to $94,000 depending on age and mileage of the car.

Source: San Francisco Chronicle

By Donny Nordlicht

Positive Charge: Toyota, Tesla Formally Announce Details on New 2012 RAV4 EV

Positive Charge: Toyota, Tesla Formally Announce Details on New 2012 RAV4 EV

We’ve already reported on Toyota and Tesla Motors forming a partnership to develop electric vehicles, but now we’ve learned a little more about the program. According to an official release from Toyota, the two are working together to build a fleet of electric RAV4 compact SUVs, which are due to hit the market in the next two years.

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The official announcement is billed as the first of several “updates” on the project promised by Toyota Motor Company president Akio Toyoda. According to Toyoda’s statement, the first prototype of the new RAV4 EV has been completed and is currently undergoing a battery (no pun intended) of tests. Ultimately, the prototype will be the crest of a wave as Toyota and Tesla plan on building a fleet of the electric compact SUVs. According to the automaker, the first next-generation RAV4 EV will be pushed into the consumer market in 2012.

Toyota hopes the liason with Tesla, which was formally inked back in May, will help it develop, produce, and manufacture electric vehicles in a short time frame. In a very NUMMI-like twist, Tesla hopes to learn the ways of Toyota’s manufacturing process and gain from its engineering expertise, while Toyota reportedly aims to capitalize on Tesla’s “daring spirit,” along with its EV technology.

As previously reported, the RAV4 EV will utilize a lithium-ion battery pack supplied by Tesla, but officials at both companies have refrained from releasing more details on the new vehicle. Likewise, we haven’t heard any more information surrounding another electric vehicle, which has been reported to be based upon the Lexus RX.

Hopefully, we’ll learn more about the program in Toyota’s next update. Should all go well, look for the second iteration of the RAV4 EV to reach consumers in about two years.

Source: Toyota

By Andrew Peterson

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