Tesla Motors Inc (TSLA) Shares Decreasing; Model S Owners Want To Exchange Their Cars With Model SD

Tesla Motor (TSLA)

Tesla Motors Inc (NASDAQ:TSLA) launched the “D” and “something else” last week Thursday in a showy event held at Hawthorne Airport in Los Angeles. It was the new version of Model S that has autopilot and dual motor features. Nobody could have expected that the launch would mark the beginning of a downward trend to the stock.

Farfetched as it may sound, the stock has continued to slump in the financial markets up to an unfortunate 20%. It seems like all the show and the gusto didn’t excite investors a bit. Many market analysts have given the stock different target prices, showing the uncertainty Tesla Motors Inc (NASDAQ:TSLA) has plunged into.

And in the wake of all that, there are users who liked the new features of the Model SD. The only problem is that they like such features but never got them in their own model S purchases. Some even say that they purchased their cars about two weeks to the launch of the new version without being informed of the pending launch.

Tesla Motor (TSLA)

To be heard, such users are petitioning the company to offer retrofit or accept trade-in so that the owners can get the new Model SD. Other users who support their cause have been invited to sign the petition at change.org.

The petition started by Richard Wolpert of Los Angeles, CA, is titled: Petition to force Tesla to come up with a retrofit for the new AutoPilot features for existing owners who were early supporters of the company/product.

“Just like Apple’s anticipation of products releases, which is announced months before schedule, Tesla should do the same as well. This is not a $700 device we’re talking about, this is a $100,000 device,” wrote Daniel Li, one of the people who signed.

Sources privy to internal goings on in the company have intimated that Tesla Motors Inc (NASDAQ:TSLA) is considering selling used cars. If the company accepts trade-ins for the Model S in exchange for Model SD, it’s believed that many owners will go for it. The company will also keep its loyal network of customers who may have bought the car shortly before the release of the new one.

This article has been written by Victor Ochieng.

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