When Tesla Motors got its start, it offered for sale just a single vehicle; the Lotus Elise-based Tesla Roadster. The Roadster model, and name, has been retired, though CEO Elon Musk has already suggested that it will return. And when the two-seat electric sports car makes a comeback, it will be called the Tesla Model R.
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Trading in an old car towards a newer one is a popular way to offset some of the new car’s costs…but most niche manufacturers don’t offer their well-off clientele that option. But Tesla Motors will be offering any owners of its Roadster model a chance to trade that car in for a more-versatile Model S sedan.