Bought a Model Y? Tesla may charge you to use the battery's full range [Yahoo! Finance]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance
Elon Musk announced on Friday the company was in the midst of working through “regulatory approvals” to let people unlock additional range for the cars. The Model Y has been sold for months with a 260-mile range. He said in a post on Twitter/X the cars “actually have more range that can be unlocked.” Musk said the price for unlocking this capability, which works out to another 40 to 60 miles of range, would likely cost between $1,500 and $2,000. When asked why the company would not just unlock this for owners for free, Musk replied , “We have to pay the bills somehow.” The Model Y starts at $42,990 currently , though the price is lower for people who qualify for the federal EV tax credit. Tesla has a history of limiting the range of its vehicles and extending them for a fee. In 2016, the company let Model S owners access extra capacity in their cars' batteries for a $3,000 charge. The company has not announced if other vehicles, such as the Model X, also have untapped capacit
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Earnings
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Sec Filings
- 5/17/24 - Form DEFA14A
- 5/16/24 - Form DEFA14A
- 5/13/24 - Form DEFA14A
- TSLA's page on the SEC website