I agree, compared to the other two main EV competitors it's solid coverage. But this is Tesla - part of the reason I'm spending $55,000 is because of how great it retains its value compared to other vehicles. From the anecdotal evidence I've seen Tesla has been very good about replacing defective parts with no hassle, and I assumed this would apply to the battery as well.Well as the capacity guarantee for the S and X is “Good luck! Kisses, Elon” and the guarantee for the original Leaf had to come via class action lawsuit guaranteeing 64% retention at five years or 60k miles and that the only other 200+ mile car in this segment (Bolt) has a 60% capacity guarantee I’d say this coverage is pretty solid.
It's definitely possible that I have unrealistic ideas about Tesla replacing defective batteries (or maybe it just hasn't been much of a problem). All I'm saying is I hope this 70% number (which I find unrealistically low based on the degradation rates on the S and X) isn't used as a hard line in the sand when it comes to replacing defective batteries.