director of sales and delivery operations, the company's used car business actually parallels"some
publicly traded used car retailers.” He didn't mention which retailers, but it seems he's probably making a reference to companies like Carvana, CarMax, and Driveway. He said, according to"Most people don’t realize that Tesla runs its own vertically-integrated, nationwide online used car retailer. It’s as big as some publicly traded used car retailers you’ve definitely heard of, despite no Super Bowl commercials or wacky waving inflatable arm flailing tube men.
Electrek points out that Douglas' words would be difficult to confirm. The company's public filings wouldn't separate out the used business independent of other related services and operations outside of its new car sales. That said, according to the publication, Tesla's"service and other" line item, which includes its used car sales, is up over 50 percent year over year.
Yeah. The secret is to offer your customers less money than their car is worth and then turn around and sell it for way more. Who knew. Lol.