Getting cold feet. Vin Assigned, pickup anyday. What to do?

[FarAway]

I cancelled my order. Last Tuesday. It’s too much money for me. When I first got on the list on reveal night , I chose a RWD model. $39k. Then they said the RWD would be the last to be put in production so I switched to a 2 motor AWD. That was going to be $49k.
No it’s $99k and about the same range as my BMW i3.
I just couldn’t bring myself to pull the trigger. Interestingly enough, they kept the $250 but refunded the original $100.
and it took about 30 seconds to get a message that the cancellation was completed.
I have my name on the Silverado list. We’ll see what that price is when it’s time for release.

Sorry to hear that, but I totally get it.
I hope the Cybetruck can win you back at some point.

Curious if you put in a reservation for another one, is your name at the end of the two million plus waitlist?

Sponsored

 

[Cybertruck2024]

You don’t understand why people who qualify for the tax credit want to wait for the tax credit? ?. A married couple can make up to $300k annually and still qualify. In your logic then a 299k-a-year house hold can’t afford the CT? And even if you can afford to drop the full amount for a FS CT, but had the ability to save $27.5k by waiting longer, you don’t see why some people would want to do that? Seems strange that you don’t understand

10%-15% of take home pay is what is recommended to spend on a household's vehicles. In a best case scenario, you're at $299k household so you are eligible for the tax rebate. I'll assume 32% federal tax and 6% state tax. $2,317.25 is 15% of monthly after tax pay. If you're contributing to a 401k, have health insurance, etc. that should mean around $1.5k eligible for vehicle payments. CT would be around $1.2k at current rates, so I suppose if a household doesn't have another vehicle payment that makes sense. Alternatively if someone has cash surplus and isn't financing the whole truck. Fair point that it is possible.

 

[Woodrick]

I cancelled my order. Last Tuesday. It’s too much money for me. When I first got on the list on reveal night , I chose a RWD model. $39k. Then they said the RWD would be the last to be put in production so I switched to a 2 motor AWD. That was going to be $49k.
No it’s $99k and about the same range as my BMW i3.
I just couldn’t bring myself to pull the trigger. Interestingly enough, they kept the $250 but refunded the original $100.
and it took about 30 seconds to get a message that the cancellation was completed.
I have my name on the Silverado list. We’ll see what that price is when it’s time for release.

Just a reminder of what the range numbers were when you put the reservation in.

 

[Woodrick]

Good luck, but I have a suspicion that all of the specs of a Silverado just aren't going to add up.

 

[Gurule92]

I cancelled my order. Last Tuesday. It’s too much money for me. When I first got on the list on reveal night , I chose a RWD model. $39k. Then they said the RWD would be the last to be put in production so I switched to a 2 motor AWD. That was going to be $49k.
No it’s $99k and about the same range as my BMW i3.
I just couldn’t bring myself to pull the trigger. Interestingly enough, they kept the $250 but refunded the original $100.
and it took about 30 seconds to get a message that the cancellation was completed.
I have my name on the Silverado list. We’ll see what that price is when it’s time for release.

My local Chevy has some Silverado work trucks for mid 70s listed

 

[Michael Dobbs]

Just a reminder of what the range numbers were when you put the reservation in.

I shouldn’t have compared the range figures. This would have been my forth Tesla. It’s really the price that I have issue with. I convinced myself at first that the extra $20k for the FS was worth it because of its rareness and availability to me immediately vs waiting another unknown amount of time. Even that isn’t the reason for my decision. It is a combination of all of the differences from Nov 2019 until Dec 8, 2023 when I received the invitation. The kid in me wanted the new shiny toy. It’s probably a blessing in disguise that Tesla took enough time to give me a VIN that the old man made the right decision for myself only.?

 

[Woodrick]

My local Chevy has some Silverado work trucks for mid 70s listed

That is a pretty lousy thing in my opinion. There's a waiting list, but there are vehicles sitting at a dealer?
Are businesses not wanting them?

 

[Gurule92]

That is a pretty lousy thing in my opinion. There's a waiting list, but there are vehicles sitting at a dealer?
Are businesses not wanting them?

I think it's like 30k over original price

 

[Nabilriaz69]

Are you implying that every vehicle, product or otherwise is a result of greed? Or business in a capitalist (or any really) society? Even eggs turn a profit but you probably have better things to do than eat breakfast.
I'm staring at $50k cash sitting on a kitchen counter, and it does absolutely nothing for anyone. No excitement, no value, no quality of life. You trade it for things that do offer one or all of those things. I'd rather have a Cybertruck and a $50k loan. Just my opinion, everyone gets to do what they want with their time and money earned, no need to disparage what one chooses to do with either. What's the saying? What you eat don't make me sh!t?
There's only two irreplaceable things in life: time and life itself. Use them wisely.

 

[Nabilriaz69]

Are you implying that every vehicle, product or otherwise is a result of greed? Or business in a capitalist (or any really) society? Even eggs turn a profit but you probably have better things to do than eat breakfast.
I'm staring at $50k cash sitting on a kitchen counter, and it does absolutely nothing for anyone. No excitement, no value, no quality of life. You trade it for things that do offer one or all of those things. I'd rather have a Cybertruck and a $50k loan. Just my opinion, everyone gets to do what they want with their time and money earned, no need to disparage what one chooses to do with either. What's the saying? What you eat don't make me sh!t?
There's only two irreplaceable things in life: time and life itself. Use them wisely.

 

[HaulingAss]

That's because GM will be selling the Silverado EV at a big loss. GM would price them higher if they were confident they could sell them all, but they will be made in limited production runs so it wouldn't move the financial needle much anyway. The loss on every Silverado EV is caused primarily by:

1) Large battery packs (having the knock-on effect that these are very heavy vehicles requiring more expensive tires, brakes, and a stronger chassis)
2) Inefficient manufacturing, supply chains and distribution
3) Excessive advertising spends to get people to buy their vehicles

The Silverado is another low volume vehicle sold at a loss, just like their Hummer EV, in order that GM can keep selling their gas trucks while mitigating the number of emission credits they need to buy from manufacturers with cleaner fleets.

What I think is funny about legacy auto trying to make EVs, is that back in 2018 we were assured that GM, Ford, VW, etc. would be cranking out so many clean EVs by 2021 that Tesla would no longer have a market for their emission credits. The Wall Street analysts didn't want to count a penny of Tesla's income from selling emissions credits because that income was about to vanish with the rise of EVs from legacy auto. Here we are, six long years later, and legacy auto is still playing the same game, low volume EV's to make it look like they are still trying to electrify, while buying billions in credits from other manufacturers, like Tesla.

In other words, Tesla's income stream from the sale of clean vehicle credits to other manufacturers has greatly increased from 6 years ago when Wall Street analysts were warning that their income stream was about to collapse as legacy pumped out millions of EVs. The credits system has not changed substantially, legacy auto just didn't do what they told investors and customers they were going to do, namely electrify their fleets.

Selling the Silverado EV at a loss is a desperate attempt to reduce the amount of credits they have to buy. It's not a sustainable business plan. I had been eyeing buying my first EV since the original Roadster was offered back in 2008. Then the Model S in 2012. I didn't pull the trigger on either of them because I was concerned about the risk that Tesla might not be around to support them. Fast-forward to 2024 and I could never buy a GM product over concerns GM might not be around to support them. My, how the tables have turned. We bought our first two EV's in 2018 because the risk of Tesla failing was no longer a big enough risk to worry about.

That the Silverado EV is a good value at $105K is a mirage. Because it's not sustainable. GM is good at creating mirages, it's what they do best. Buying a Silverado EV will not look like such a smart move a few years later. Watch and see. I'm not trying to talk you out of it, but I do think people deserve to see what is really going on behind the curtain. I know it seems unthinkable to many that GM could actually fail, but there is no guarantee that Democrats will be in power to bail them out again when it happens. I'm going to avoid getting political here, but there is also no guarantee that even if Democrats manage to remain in power that they will have the political will, or the political capital, to bail out GM yet again.

Reality is not always what it looks like on the surface and when big changes happen, they happen suddenly and catch even many well-respected analysts off guard.

 

[HaulingAss]

Good luck, but I have a suspicion that all of the specs of a Silverado just aren't going to add up.

What? Are you implying the Silverado will go nowhere near 450 miles on a 42-degree night at 70 mph? ?

 

[Saygmo]

Good luck, but I have a suspicion that all of the specs of a Silverado just aren't going to add up.

They already add up?! They’ve been tested in the real world already.

 

[CyberGus]

Were is the vin located on a Cybertruck? I assumed it would be on a physical imprint, or is it just in the software?

On the A-pillar, under the BAW.

Sponsored