Most luxury automakers have a Certified Previously Owned (CPO) program. Tesla isn't like a normal luxury automakers, in fact, it's not really like any automaker out there. It doesn't have franchises and it sells its own vehicles through its network of galleries. Now, it plans to create its own CPO program. There are a great deal of Model S sedans out there currently under lease contracts. When those cars are ready to come back, Tesla has guaranteed that it will purchase them for a figure that falls somewhere between 43 and 50 percent of the original purchase price. This is exactly how Tesla's going to create its CPO fleet. Tesla seems to do everything in an unconventional manner, so we'll have to see if its CPO program behaves like every other automaker's, or if it's different somehow as well.
