![]() 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. The Tesla Model Y is a more compact EV SUV that still comes up big with expansive cargo space, dual-motor all-wheel drive, and a range that can reach nearly 326miles for easy road trips.Tesla claims its used car business is “as big as some publicly traded used car retailers,” and it is expanding fast. towing maximum, all while showing off roof-hinged rear doors, quick trips to 60mph in only 2.6 seconds, and an all-electric range of approximately 371miles. ![]() SUV buyers will be amazed by the Tesla Model X that offers seven-passenger seating, dual-motor all-wheel drive, and a 5,000-lb. ![]() Yet it can also travel about 402miles without needing to be recharged. The Tesla Model 3 is the brand’s entry point with mass-market pricing plus the ability to go nearly 330miles on a single charge while enjoying a huge and standard panoramic glass roof.Ī compelling sport sedan, the Tesla Model S can outrun most supercars by rocketing to 60mph in a mind-boggling 2.3 seconds. And remember, the incredible Tesla Cybertruck will soon be joining the team with a futuristic design and impressive capabilities. Proprietary audio systems for premium high-fidelity sound performanceīecause the Tesla roster is fairly new to the industry, here’s a quick rundown of the key models to help get you a bit more familiar with these fantastic all-electric rides. Sentry Mode that leverages the Tesla’s cameras to stream and record video of its surroundingsīioweapon Defense Mode to filter cabin air to “hospital grade” levels Remote-control parking that lets you pull the Tesla into and out of tight spots while you’re standing nearbyĪ Summon function that goes one step further by automatically retrieving your Tesla from a spot and driving it right up to you Smart connectivity supported by Bluetooth and WiFi compatibilityĬutting-edge driver assistance led by AutoPilot technology for hands-free travel on certain roads Sophisticated cabins with huge 17-inch touchscreens to handle nearly all vehicle functions ![]() ![]() Another advantage for used-car buyers is that Tesla continues to upgrade its vehicles with over-the-air software updates for enhanced functionality that can include an extended range. Tesla is a company with technology at its core, so the equipment we mention below represents only a few of our favorite features. ![]()
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