Tesla Motors Inc (NASDAQ:TSLA)’s price has dived almost 9.2% for the past month, reaching a value close to $224.8 per share, and almost half as much for the current trading day. CNBC said that this comes on the back of the fact that many states, Michigan being most recent, have adopted a so-called ‘anti-Tesla’ law that bans the sales of the electric vehicles in the borders of the state. Tesla Motors Inc (NASDAQ:TSLA) riposted through offering customers a 5 minute purchase experience through their website and a happiness guarantee.
“They are stressing you don’t need to go to a dealership or what people would perceive to be a dealership or a gallery. You can do it even if your state does not allow you to have Tesla sold to you directly in that state,” informed Phil LeBeau.
The car manufacturer is still working miracles in terms of growth as Tesla Motors Inc (NASDAQ:TSLA)’s up some 47.3% year to date. So, to address fears of dissatisfaction related to the experience of driving an electronic car, the company offers the happiness guarantee program that aims at offering customers a prolonged test-drive to get accustomed to the Model S.
“Essentially, the happiness guarantee is that if you lease a Model S and within the first 3 months you’re not happy for any reason at all, you can return it to Tesla no questions asked. One catch, you cannot return it simply to turn around and lease another model,” said Phil LeBeau.
Tesla Motors Inc (NASDAQ:TSLA) also has to present the results of its Gigafactory, the company’s $5 billion investment, that is supposed to power 500,000 vehicles. Also, on November 5th Tesla Motors Inc (NASDAQ:TSLA) is going to present its earnings release and this could shed more light into how Elon Musk’s business is faring.
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