It Is Not Hard to Buy a Used Tesla at a Discount

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By Douglas A. McIntyre Updated Published
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It Is Not Hard to Buy a Used Tesla at a Discount

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Elon Musk went on a rant about members of the Tesla Motors Inc. (NASDAQ: TSLA) sales force who offer new cars at a discount. Even if Tesla does hold its new car prices, there are used Tesla vehicles available in large numbers. So, buying a used Tesla may be a good alternative to buying one new, particularly if it is in good shape.

According to CNNMoney, the founder of Tesla is angry about the new car discounting:

Tesla CEO Elon Musk found out his sales team has been offering discounts on cars — and he’s furious.

Musk sent an email to Tesla workers Wednesday, lamenting that he’d heard salespeople were offering promotional deals, when even Musk himself pays full price for his Tesla’s.

“There can never — and I mean never — be a discount on a new car coming out of the factory in pristine condition,” Musk wrote. “This is why I always pay full price when I buy a car and the same applies to my family friends, celebrities, no matter how famous or influential.”

24/7 Wall St. recently made an analysis of the world of used Teslas.

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Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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