No more Tesla buyback guarantee as company cuts prices again

Tesla Motors Inc said Wednesday it discontinued its resale value guarantee program that assured buyers cars would retain value over time and lowered the starting price of its Model X crossover, the second time it lowered prices this year A Tesla spokesperson said the program was discontinued to “keep interest rates as low as possible and offer a compelling lease and loan program to customers." A new version of the Model X crossover, the 60D, will be priced from $74,000, $9,000 less than the Model X 75D Equipped with a 60kWh battery, the 60D has less torque and a shorter range than the 75D