Tesla Is Offering an Extended Warranty on Its Vehicles: Everything You Need to Know

Tesla is offering a new product and it is an extended warranty on its vehicles. Here's everything you need to know.

Tesla Extended Warranty Details

Tesla has just announced an extended warranty for its vehicles. What does this entail and is this something you should get if you have a Tesla?

First, let's look at the details of the warranty. It extends the original warranty of the Tesla and you can get it as long as the original warranty has not expired. It extends the original warranty by 2 years or 25,000 miles. It can be purchased with the Tesla app. Here's what it costs:

* Model 3: $1,800
* Model Y: $2,000
* Model S: $3,100
* Model X: $3,500

To understand if this warranty is any good, we have to look at what the original warranty is for each of these vehicles. There is also some information about the date ranges that apply for each of these vehicles, and they are as follows:

* Model S: 2012-2020
* Model X: 2015-2020
* Model 3 (any year)
* Model Y (any year)

This means that I can buy an extended warranty for my Model 3 RWD to extend it by another 2 years or 25,000 miles.

However, there is one glaring problem with the warranty. It doesn't seem to cover the battery. I'd be much more inclined to get this and if Tesla included the battery, then I see that being useful only if my battery is degrading at a rapid rate. So far, I'm just over 7,000 miles and I have 3% battery degradation. I don't see this as a problem currently.

The original warranties for each of Tesla's vehicles are as follows. Note, I did my best to find a good answer here, but it differs depending on the year, so I took the last full year for each vehicle in the warranty specifications:

Model S (2020): 4 years or 50,000 miles

Model X (2020): 4 years or 50,000 miles

Model 3 RWD (2022): 8 years or 100,000 miles (70% battery retention). Long range is 8 years or 120,000 miles (70% battery retention)

Model Y (2022) Long Range: 8 years or 120,000 miles (70% battery retention).

Here are additional details:

The warranties cover the repair or replacement necessary to correct defects in the materials or workmanship of any parts manufactured or supplied by Tesla, which occur under normal use. It's not just the battery, and that is good to know. Defects that are Tesla's fault will be covered.

There are some things not covered by this extended warranty, however, and they are: filters, liquids, batteries, brake pads, suspension alignment, appearance care, shock absorbers, upholstery wear and tear, and wheels/tires.

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Is It Worth It?

This warranty is probably better for the Model S and Model X vehicles from 2020 or before that haven't reached the lifetime warranty yet. It adds 50% more years and miles for each of those vehicles. If there are problems in the workmanship, Tesla will fix those.

Tesla should really include the battery in this... If they did, here's how I think about it:

For my Model 3 RWD, including the battery would add 25% more miles and 20% more years to the warranty for $1,800. My battery would need to reach 190 miles of range to hit the 70% mark, and it is not on pace to get there. My first month owning it, I went down 5 miles in range from 272 to 267. I was concerned about that.

5 months after that, I've only gone down 3 miles from 267 to 264. The rate has slowed from 5 miles a month to .6 miles a month. That's 8 times slower. If the rate continues to slow, then this will be a non issue. However, if the rate increases somehow, I can buy this warranty and cover myself for the future. It's nice to know I would have the option if Tesla included the battery.

I'm sure Tesla has a reason for not including the battery. They are a data driven company, and they are probably seeing data that shows that if people had a longer warranty, they would buy a Tesla.

My conclusion is that I will not be buying this extended warranty for my Model 3 RWD. For a more expensive car like the Cybertruck, having a 10-year warranty -vs- an 8-year warranty, especially if you use it as a Robotaxi, might make more sense. Here are the details from Tesla about the warranty.

What do you think of this extended warranty being offered by Tesla?

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Jeremy Johnson is a Tesla investor and supporter. He first invested in Tesla in 2017 after years of following Elon Musk and admiring his work ethic and intelligence. Since then, he's become a Tesla bull, covering anything about Tesla he can find, while also dabbling in other electric vehicle companies. Jeremy covers Tesla developments at Torque News. You can follow him on Twitter or LinkedIn to stay in touch and follow his Tesla news coverage on Torque News.

Image Credit, Mike (Cyberowners.com), Screenshot