Shares of Tesla Motors were down nearly 5 percent in early trading Monday.
Last week, Tesla revealed that the “D” stood for dual motor and that the “something else” referred to new safety and autopilot hardware that are standard on every new Model S.
The stock is deflating, but had enjoyed a run-up prior to the announcement. Wired has a great piece today about the cycle of tech stocks before and after product announcements.
Meanwhile, some Model S owners are upset that their vehicles lack the new AWD feature or the hardware that would enable them to get the autopilot and safety features. Richard Wolpert of Los Angeles has launched a Change.org petition asking Tesla to come up with a retrofit; so far 98 people have signed it.
“I was deceived into buying an old model two weeks prior to release of new model,” wrote Mike Brookstone of Santa Clara, one of the signers of the petition.
Automotive News has reported that Tesla is developing a program to sell used cars; maybe trading in your current Model S for a Model S “D” version will become a possibility.
The Model S P85D; photo via Tesla Motors website.
