Yep, that was the big announcement. See: Link to Press Release
As compared to Fisker leaving his own company when the going got tough, I would say that Elon's action here are much more comforting to the current, and future, owners.Bottom line: Elon's personal support of the brand is a net positive for the thousands of current owners. But unless there is some provision to grandfather those current owners into a similar buyback plan, I'm afraid this positive point will be lost on the early adopters.
That's astonishing. Why would anyone every buy a new one?Cars That Lose Their Value Fastest
Trim: S65 Sedan
Percent of total value retained after 24 months: 36%
Percent of total value retained after 36 months: 28%
Percent of total value retained after 48 months: 22%
Percent of total value retained after 60 months: 16%
Also did a quick calculation using 28% residual. Tesla owners would be about $10K under water if they turned their cars in after 36 months.