Tesla Motors has just announced the introduction of its new infinite mile warranty for the company’s range-topping Tesla Model S equipped with the 85 kWh battery pack.
The new unlimited mile eight-year warranty is also particularly noteworthy for the fact that it also applies retroactively as well as to all new Model S models being produced and optioned with the 85 kWh. As a result of this, all applicable Tesla Model S models include the warranty.
In an official blog announcing the introduction of the warranty, Tesla Motors CEO Elon Musk said, “ 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.
“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.”