Tesla Motors launched a pre-owned vehicle program at the end of April 2016 -- a new scheme that offers older versions of its Model S sedan for lower prices than new models. The used cars come with Tesla maintenance and reliability checks, and like other high-end car makers, a 4-year or 50,000-mile warranty on pre-owned vehicles. The used cars would be stored at a Tesla location, allowing customers to collect their car directly, or have it delivered to their home. The new program also gives Tesla a nice new revenue stream: the sale of used cars traditionally yields higher profits than the sale of brand new vehicles. Read more at: