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Tesla Motors Inc (TSLA) Shows Generosity to Model S And Model 3 Owners

Tesla Motors Inc (TSLA) Model S Update

Tesla Motors is indirectly pushing for the widespread adoption of its Model S 60 variant. Latest news reports indicates that buyers of the Model S 60 can obtain extra support to charge up the car to 100% capacity. Many Tesla owners rarely charge up their cars to the 100% mark unless they are going on long trips. Most drivers keep their cars at an 80% charge in order to maintain the long-term performance of the car. In fact, many drivers seem to agree that charging the car to only 50% every night is a smart way to reduce the degradation in estimated range.

Tesla Motors Inc (TSLA) Model S Update

Tesla came back with the cheaper Model S 60 variant a couple of weeks ago and the car has mostly generated mixed reactions from the market. Some people opine that the firm was being manipulative by introducing a car $5000 cheaper than the Model S 70 base model. Others noted that the firm made a smart move with the introduction of the Model S 60. For one, some Model 3 buyers might opt to buy a Model S now instead of waiting almost 2 years for the Model 3.

Juice up the Tesla Model S 60 to 100% without problems

Buyers of the new Model S 60 and 60D from Tesla Motors are getting a great deal. The Model S 60 and 60D are equipped with a 75 kilowatt-hour battery pack compared to the usual 60 kilowatt-hour batteries.A Model S 60 charged to 100% is actually only using 80% of the installed 75 kilowatt-hour battery packHowever, the firm has software-limited the capacity of the battery pack in the cars to 60kWh so that buyers of the old Model S 60 variants don’t feel cheated.

Going by the old rule, drivers would mostly charge up their cars to 80% of the stated 60kWh capacity. Interestingly, the fact that the Model S 60 actually contains a 75kWh battery allows users to charge it to 100% of the 60kWh capacity. A user on Tesla Motors Club forum says

I asked the product specialist at my Tesla SC today whether the new 60 and 60D could be charged daily to 100% without harming the battery pack’s long-term performance.

She said that because there is actually a 75 kWh battery pack in the new 60 and 60D, there is no harm in charging to 100%  in contrast to the previous recommendation that owners of models with 85 kWh limit the number of times they charge their cars to 100% capacity.”

Model 3 owners also get a gift

Tesla Motors knows how to keep its customers happy and loyal, all thanks to the charismatic nature of Elon Musk. Latest news on the firm shows that CEO Elon Musk has started sending out gifts the first set of people to place orders for the mass market Model 3. In a tweet earlier this year, Musk said “token of appreciation for those who lined up coming via mail. Thought maybe 20-30 people per store would line up, not 800. Gifts on order.”

Now, Model 3 reservation holders have started acknowledging the receipt of Elon Musk’s token of appreciation. The gift being sent to Model 3 reservation owners is a copy if the first hand sketches of the Model 3 accompanied with a note from Elon Musk. The Model 3 is the car could make or mar Tesla and much of the firm’s sustainability and profitability is hinged on the success of the car.

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Victor Alagbe is a seasoned business and finance writer with a specialty in writing about how to invest for the long-term in healthcare, pharmacology, energy and tech stocks. His long-term focus is on stocks that provide a nice mix of growth and income. For the short term, he passionately writes about trading stock options for the excitement and leverage that stock options offer.

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