The electric-vehicle maker Tesla Motors is offering a second-hand-price guarantee to its customers, according to a company blog post.
Tesla is offering the Guaranteed Price Guarantee (GPG) for all new and used electric vehicles sold between April 17 and April 23 for $1,000, and it offers a $1 per kWh credit for the first year.
The company said it’s providing this protection for the third year, and the Guarantee Period for the second year is three years.
Tesla said that it has received over 10,000 complaints about the GPG, and has reviewed over 50,000 vehicles.
The GPG will only apply to the vehicles sold by Tesla, and not those bought by any other car dealer.
Tesla’s GPG guarantee applies to any vehicles purchased at Tesla’s retail stores and will expire in 2022.
The GPG is Tesla’s latest effort to help its customers who are struggling with the rising costs of owning an electric car.
Tesla has been battling with other automakers to lower the price of its vehicles, and its recent struggles with rising costs and slowing sales has sparked many car shoppers to consider electric cars.
Last week, Tesla revealed that it had reached a deal with carmaker Ford to lower prices on its Model 3 electric vehicle, as well as other vehicles.