Tesla Motors CEO Elon Musk has offered a guaranteed price for secondhand cars on the electric-vehicle platform in a $1,000-$2,000 offer to its customers.
The offer comes just weeks after Musk raised the prospect of making secondhand vehicles free to consumers.
Musk’s offer was made at a meeting of the Automotive Technology Association of America, which represents more than 100 automakers including Ford, GM, Hyundai, Mitsubishi and Nissan.
The automaker said it will offer the offer as part of an ongoing effort to encourage more consumer ownership.
Musk said the offer was part of a broader effort to “explore opportunities to make a better world.”
He said the offers are aimed at “creating more value for our customers.”
“This is not just a matter of helping customers get a better car, it’s about making the world a better place, a better home for our people, a world that’s better for the planet and for our environment,” Musk said.
Musk has said Tesla’s goal is to become the “world’s cheapest electric car.”
He added that Tesla has “the technology, the knowledge and the business expertise to do it.”
Musk’s comments come days after the company announced that it had sold nearly 7,000 of its Model 3 electric cars in a single day.
Tesla said it had more than 5,500 orders for the Model 3, which will be made in China.
Tesla also said it has been able to deliver its vehicles to more than 3 million customers worldwide, which has helped the automaker achieve a profit of $3.3 billion for the quarter ended March 31.
Tesla reported a net loss of $6.6 billion for its second quarter.
Tesla has said that it expects to record a $5.1 billion profit in the second quarter, and analysts expect the company to be profitable in the fourth quarter.