Photo: original photo by autoevolution
My, how electric vehicles have come of age. Tesla Motors now announced that the drive unit warranty of the 85 kWh Model S has been increased to match that of the battery, translating to an 8-year/infinite mile warranty on both of the previously mentioned.
That's a tall order for a carmaker that doesn't have the green tech expertise of Toyota. To put that 8-year/infinite mile warranty into perspective, just compare it to South Korean manufacturer Kia, which is offering 7 years of carefree motoring on all models.
As if that wasn't enough of an Ace of Spaces coming from the Palo Alto-based electric vehicle manufacturer, Tesla Motors adds that there's no limit on the number of owners during the 8-year warranty period, which is definitely reassuring. Want another reason why Tesla not only offers the best warranty in the industry, but shames even the internal combustion competition?
Well, the company tells that the warranty extension will apply retroactively to all Model S vehicles ever produced, as in from 2012 onwards. So the first Tesla luxury sedans will end their warranty period 6 years from now on, in 2020. Tesla Motors explains in an official blog post: "If we truly believe that electric motors are fundamentally more reliable than gasoline engines, with far fewer moving parts and no oily residue or combustion byproducts to gum up the works, then our warranty policy should reflect that."
The blog entry written by Elon Musk himself continues with a bit of news for company shareholders: "To investors in Tesla, I must acknowledge that this will have a moderately negative effect on Tesla earnings in the short term, as our warranty reserves will necessarily have to increase above current levels. This is amplified by the fact that we are doing so retroactively, not just for new customers. However, by doing the right thing for Tesla vehicle owners at this early stage of our company, I am confident that it will work out well in the long term."
Fingers crossed investors won't chicken out and the company will fix its reliability bugs signaled by two long term reviews. Even so, our sight is fixated on the Model X crossover with is two electric motors and cool Falcon doors, as well as the Model III, a BMW 3 Series-sized compact sedan to be launched in 2016.
As if that wasn't enough of an Ace of Spaces coming from the Palo Alto-based electric vehicle manufacturer, Tesla Motors adds that there's no limit on the number of owners during the 8-year warranty period, which is definitely reassuring. Want another reason why Tesla not only offers the best warranty in the industry, but shames even the internal combustion competition?
Well, the company tells that the warranty extension will apply retroactively to all Model S vehicles ever produced, as in from 2012 onwards. So the first Tesla luxury sedans will end their warranty period 6 years from now on, in 2020. Tesla Motors explains in an official blog post: "If we truly believe that electric motors are fundamentally more reliable than gasoline engines, with far fewer moving parts and no oily residue or combustion byproducts to gum up the works, then our warranty policy should reflect that."
The blog entry written by Elon Musk himself continues with a bit of news for company shareholders: "To investors in Tesla, I must acknowledge that this will have a moderately negative effect on Tesla earnings in the short term, as our warranty reserves will necessarily have to increase above current levels. This is amplified by the fact that we are doing so retroactively, not just for new customers. However, by doing the right thing for Tesla vehicle owners at this early stage of our company, I am confident that it will work out well in the long term."
Fingers crossed investors won't chicken out and the company will fix its reliability bugs signaled by two long term reviews. Even so, our sight is fixated on the Model X crossover with is two electric motors and cool Falcon doors, as well as the Model III, a BMW 3 Series-sized compact sedan to be launched in 2016.
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