Ford Buys Its Own Tesla Model X For $199,950, Or $55,000 Over Sticker Price
In the automotive industry, it’s common for automakers to purchase vehicle from competitors for testing purposes. However, it’s uncommon to pay $55,000 over sticker price to obtain such a vehicle.
That’s precisely what Ford did to acquire a Tesla Model X.
As Bloomberg reports:
“Ford Motor Co. paid $199,950 — $55,000 more than the sticker price — to buy one of the first SUVs made by Tesla Motors Inc., according to vehicle registration documents obtained by Bloomberg.”
Since the early Model X SUVs required pre-orders be placed several years ago, Ford had to obtain one in an unusual way.
“Registration records show that Ford purchased the vehicle March 1. The original owner, a California coin dealer, bought it as part of Tesla’s customer-referral promotion.”
The original owner of the Model X purchased later by Ford is a man by the name of Wayne Skiles, who stated:
“I sold 11 Model Ss. So I got a Founders Model X and immediately flipped it for a profit. The car never came to California. I flew to Chicago, took physical delivery of the Model X, and immediately drove it to a dealer in Chicago and sold it.”
Ford later purchased the electric SUV from Corporate Auto of Auburn Hills, Michigan.
Ford did release a statement on the matter:
“It is a common industry practice among many automakers to buy production vehicles for testing as soon as they are released. Sometimes, this means automakers pay more than sticker price to acquire them as quickly as possible.”
As did Tesla CEO Elon Musk via Twitter:
Looks like Model X resale value is holding up well 🙂https://t.co/4gedy9GCHA
— Elon Musk (@elonmusk) April 20, 2016
If Ford is in such a rush to examine the X in detail, then perhaps the 200-mile Ford electric isn’t as off the table as the company just suggested last week, when Kevin Layden, Ford’s director of electrification programs and engineering downplayed the need for long range EVs, stating in response “I think right now with the launch of the Focus Electric at 100 miles, it is going to satisfy a big chunk of the population.”