Tesla Motors CEO Elon Musk and second-generation electric-vehicle maker Tesla Motors are offering a guaranteed second-sale price for its second-ever model, a Tesla Model 3, according to sources.
Musk announced the offer during a Thursday morning event at the Consumer Electronics Show in Las Vegas, but did not provide any further details on how much he would be offering.
Musk said the price would be in the $50,000 to $100,000 range.
Musk and Tesla have had a good relationship, and Musk said they’ve been very helpful in getting their Model 3s into the hands of customers.
“We were very fortunate to get our Model 3 in the hands in just over a week and a half,” he said.
“If I were to sell this car, I would buy a Model 3 right now, but I think we would be the best positioned to sell them in two years.”
Musk said he and Tesla CEO Elon Guandolo, who was in attendance, have been talking about the Model 3.
The Model 3 was unveiled on Thursday at the Detroit Auto Show.
The first Model 3 launched in June, and is now on sale.
The company is also developing a new, smaller version of the Model S sedan that will debut later this year.
Musk also told reporters Thursday he and Guandollo will not be involved in Tesla’s planned $5,000 tax rebate for customers who buy the Model X SUV and the Model P SUV.
Tesla did not respond to a request for comment.
The second-tier Tesla Model X is expected to start hitting dealerships in the fall.
Tesla announced the Model III last week, and it will be priced at about $55,000 and about $60,000, respectively.
The $50-plus price for the Model Z sedan is the same as the Model 2.
Musk told CNBC Thursday that the Model 1 and Model X will be discontinued, but that the company plans to sell a few more cars to keep up with demand.