Long-term shareholders Early Delivery- eligibility email

[Jhodgesatmb]

I got the same email. They didn’t take into consideration my wife’s shares. Sent statement to IR. We’ll see what happens.

They did say the shares have to be in your name. Otherwise both you and your wife could claim them twice. At least, others have talked about multiple Cybertruck reservations/orders in the family. They may check to make sure that there is only one reservation in the household.

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[Pstryker]

Yeah, first pass would be connected account voting numbers.

I got that email, too. Early delivery of Foundation Series Cybertruck now available to long-term verified TSLA shareholder!


...How would it be more transparent and not-strange?


Say can only tell them how many you owned on a specific date when it checked.

It would not tell them when you purchased the shares. That's tax info.

-Crissa

The reason I say strange and opaque is because: why have I had to submit documents twice with a 2 week wait in between? That seems strange. Why was the first qualification stage not announced to reservation holders by email? Why did I have to find some link on twitter and hear about it from some random person on twitter? Why didn't it just ask for both statements on the first go around? All of this was strange.

Now the opaque part: what exactly does qualifying for early delivery mean? What does it mean for reservation holders versus order holders? What should we expect if we qualify? What does it mean for people who don't qualify? Do people with more shares get priority? Is there an updated delivery window we should expect when we qualify? When should we expect a followup email?

All these are questions I have that can not be answered with the current process, and that doesn't seem very transparent. It almost seems like that are figuring it out at they go ie, two steps to qualify, weeks go by after submissions, no guidance on what any of it means or when anything will happen.

 

[Jhodgesatmb]

The reason I say strange and opaque is because: why have I had to submit documents twice with a 2 week wait in between? That seems strange. Why was the first qualification stage not announced to reservation holders by email? Why did I have to find some link on twitter and hear about it from some random person on twitter? Why didn't it just ask for both statements on the first go around? All of this was strange.

Now the opaque part: what exactly does qualifying for early delivery mean? What does it mean for reservation holders versus order holders? What should we expect if we qualify? What does it mean for people who don't qualify? Do people with more shares get priority? Is there an updated delivery window we should expect when we qualify? When should we expect a followup email?

All these are questions I have that can not be answered with the current process, and that doesn't seem very transparent. It almost seems like that are figuring it out at they go ie, two steps to qualify, weeks go by after submissions, no guidance on what any of it means or when anything will happen.

Why Tesla announced this on X only (which I do not use) does seem odd, but it is apparently Tesla's official communications channel. Yes, they could have written a script that went through the reservation holders and orders list, checked to see if they had TSLA holdings, and sent them an email, but as much as Tesla is a technology company they historically do not use technology in this way.

I can understand them wanting to do a filter where they first offered the program to see how many would respond, and then giving all of us time to consider the rules and find the supporting documents before asking for them.

I believe that most of us were only asked for documentation once. Why you were asked twice, unless there was an issue with your documentation, I cannot guess.

Your other comments are reasonable and no one knows the answers.

 

[Mark2sday]

I think this is rotten, I ordered the CT the night it was announced and bought Tesla stock the next day because I believed so strongly that the truck would be a success. But I wasn’t in a situation where I could afford 500 shares, nor did I know that would be the magic number later. Did I miss some special announcement 4 years ago about needing to buy 500 shares in order to jump the line? I’m just a novice/casual investor, so can someone tell me, is it pretty standard when buying shares of a company, to buy 500? I think any shareholder should get the same opportunity regardless of how many shares they owned. It’s these kinds of actions from a company that makes me want to sell all my shares.

 

[Jhodgesatmb]

I think this is rotten, I ordered the CT the night it was announced and bought Tesla stock the next day because I believed so strongly that the truck would be a success. But I wasn’t in a situation where I could afford 500 shares, nor did I know that would be the magic number later. Did I miss some special announcement 4 years ago about needing to buy 500 shares in order to jump the line? I’m just a novice/casual investor, so can someone tell me, is it pretty standard when buying shares of a company, to buy 500? I think any shareholder should get the same opportunity regardless of how many shares they owned. It’s these kinds of actions from a company that makes me want to sell all my shares.

No one knew anything. I am not a regular stock investor. I only buy companies that I really believe in and mostly because I believe in them and not because I expect to make any money. When I initially bought TSLA I had $30K in a money market making like 1/2%-1%. I figured that I might be able to pay for the sales tax on the CT by the time it was supposed to be produced in late 2021. Then I decided to swap that money into Tesla stock, still hoping to pay for the sales tax by the end of 2021. By some dumb luck that early investment did well and it would have been able to pay for the entire truck and sales tax at one point (albeit at the unveiled pricing). But I just kept taking non-survival funds and buying a few (and I mean few, like 1, 2, 5, 10) shares every once in a while. There was never a goal to buy a certain number of shares.

This long-term shareholder event took me (and, I suspect, most everyone) by surprise. I was hoping that Tesla would continue inviting RN holders to configure but they stopped very close to my RN. Not being a VIP of any kind I was going to have to get my RN invited or wait for the non-FS AWD whenever that comes out, and of course they would have restarted the ordering at the lowest RN. So I am grateful for this program. I do not know what it will mean but I am hoping that they validate my shares and let me participate. It would reduce stress a great deal.

 

[AnthonyJ]

I think this is rotten, I ordered the CT the night it was announced and bought Tesla stock the next day because I believed so strongly that the truck would be a success. But I wasn’t in a situation where I could afford 500 shares, nor did I know that would be the magic number later. Did I miss some special announcement 4 years ago about needing to buy 500 shares in order to jump the line? I’m just a novice/casual investor, so can someone tell me, is it pretty standard when buying shares of a company, to buy 500? I think any shareholder should get the same opportunity regardless of how many shares they owned. It’s these kinds of actions from a company that makes me want to sell all my shares.

None of us who signed up for this program have jumped the line, at least not yet. The only line jumpers have been celebrities and influencers who used referral credits. I personally believe they should’ve made the share count requirement much, much higher. 500 shares is what, a couple thousand dollars in 2019?

 

[Mark2sday]

AnthonyJ- the price for Tesla stock the day after the cyber truck announcement (it was down that day) was $333 per share. It would’ve cost $166,500 to get into the VIP line.

 

[Alan]

No the stock has split since then.

 

[AnthonyJ]

AnthonyJ- the price for Tesla stock the day after the cyber truck announcement (it was down that day) was $333 per share. It would’ve cost $166,500 to get into the VIP line.

It split 15x lol

 

[Crissa]

The reason I say strange and opaque is because: why have I had to submit documents twice with a 2 week wait in between? That seems strange. Why was the first qualification stage not announced to reservation holders by email? Why did I have to find some link on twitter and hear about it from some random person on twitter? Why didn't it just ask for both statements on the first go around? All of this was strange.

Now the opaque part: what exactly does qualifying for early delivery mean? What does it mean for reservation holders versus order holders? What should we expect if we qualify? What does it mean for people who don't qualify? Do people with more shares get priority? Is there an updated delivery window we should expect when we qualify? When should we expect a followup email?

All these are questions I have that can not be answered with the current process, and that doesn't seem very transparent. It almost seems like that are figuring it out at they go ie, two steps to qualify, weeks go by after submissions, no guidance on what any of it means or when anything will happen.

1. why have I had to submit documents twice with a 2 week wait in between?
   • I don't know. That seems specific to you. What did your email say?
2. Why was the first qualification stage not announced to reservation holders by email?
   • Because they don't usually send out blast emails. They almost never send out emails to someone who doesn't qualify.
   • It's an anti-spam measure. Tesla sends as few emails as possible. It's kinda neat, really.
3. what exactly does qualifying for early delivery mean?
   • You get earlier delivery than you otherwise would have.
4. What does it mean for reservation holders versus order holders?
   • They didn't say. Why would they? Earlier is earlier.
5. What should we expect if we qualify?
   • You get to order earlier, or have it shipped earlier.
6. What does it mean for people who don't qualify?
   • They don't get this benefit and remain in the queue.
7. Do people with more shares get priority?
   • They didn't say that. Why would they?
8. Is there an updated delivery window we should expect when we qualify?
   • What does that mean? How would they know until you qualify and your region is getting shipments?
9. When should we expect a followup email?
   • Again, how would they know? They don't know how many people will respond to the offer.

None of us who signed up for this program have jumped the line, at least not yet. The only line jumpers have been celebrities and influencers who used referral credits. I personally believe they should’ve made the share count requirement much, much higher. 500 shares is what, a couple thousand dollars in 2019?

You need to have held 2/3rd of your shares at that time.

That's still quite a bit.

I think this is rotten, I ordered the CT the night it was announced and bought Tesla stock the next day because I believed so strongly that the truck would be a success. But I wasn’t in a situation where I could afford 500 shares, nor did I know that would be the magic number later. Did I miss some special announcement 4 years ago about needing to buy 500 shares in order to jump the line? I’m just a novice/casual investor, so can someone tell me, is it pretty standard when buying shares of a company, to buy 500? I think any shareholder should get the same opportunity regardless of how many shares they owned. It’s these kinds of actions from a company that makes me want to sell all my shares.

Tesla has done this before, with Model S, X, and 3.

-Crissa

 

[Mark2sday]

My bad, I forgot about the splits. Still it would’ve been around $13,000. I’m just a regular person. I’m not rich or a celebrity, but I preordered. AND invested what I could afford and that should count for something. How dare a regular person try to be exclusive. What was I thinking?

My point is that the reservation was supposed to secure our place in line. It doesn’t feel very good to be waiting in line for something and see people get in ahead of you because they’re a celebrity or “own 51% of the company” (bonus points if you caught the reference)

I get it. I do. But it’s one more “surprise” on top of all the rest: longer wait time, higher price, not the promised range… I don’t want to end up with a grudge I’ll need to forgive by the time it’s my turn..

 

[Pstryker]

1. why have I had to submit documents twice with a 2 week wait in between?
   • I don't know. That seems specific to you. What did your email say?
2. Why was the first qualification stage not announced to reservation holders by email?
   • Because they don't usually send out blast emails. They almost never send out emails to someone who doesn't qualify.
   • It's an anti-spam measure. Tesla sends as few emails as possible. It's kinda neat, really.
3. what exactly does qualifying for early delivery mean?
   • You get earlier delivery than you otherwise would have.
4. What does it mean for reservation holders versus order holders?
   • They didn't say. Why would they? Earlier is earlier.
5. What should we expect if we qualify?
   • You get to order earlier, or have it shipped earlier.
6. What does it mean for people who don't qualify?
   • They don't get this benefit and remain in the queue.
7. Do people with more shares get priority?
   • They didn't say that. Why would they?
8. Is there an updated delivery window we should expect when we qualify?
   • What does that mean? How would they know until you qualify and your region is getting shipments?
9. When should we expect a followup email?
   • Again, how would they know? They don't know how many people will respond to the offer.

You need to have held 2/3rd of your shares at that time.

That's still quite a bit.


Tesla has done this before, with Model S, X, and 3.

-Crissa

Thanks for your thoughts but your answers are all just assumptions. It would be nice to hear something from Tesla, but wait we shall.

 

[Crissa]

My bad, I forgot about the splits. Still it would’ve been around $13,000. I’m just a regular person. I’m not rich or a celebrity, but I preordered. AND invested what I could afford and that should count for something. How dare a regular person try to be exclusive. What was I thinking?

My point is that the reservation was supposed to secure our place in line. It doesn’t feel very good to be waiting in line for something and see people get in ahead of you because they’re a celebrity or “own 51% of the company” (bonus points if you caught the reference)

I get it. I do. But it’s one more “surprise” on top of all the rest: longer wait time, higher price, not the promised range… I don’t want to end up with a grudge I’ll need to forgive by the time it’s my turn..

There's just not going to be alot of people who had that much stock, are further back than you, and want an early-delivery truck.

Thanks for your thoughts but your answers are all just assumptions. It would be nice to hear something from Tesla, but wait we shall.

I've dealt with class actions and document preparation on the database side. And I've been on Tesla's mailing list for over six years. These aren't assumptions.

-Crissa

 

[DumpsterFire]

My bad, I forgot about the splits. Still it would’ve been around $13,000. I’m just a regular person. I’m not rich or a celebrity, but I preordered. AND invested what I could afford and that should count for something. How dare a regular person try to be exclusive. What was I thinking?

My point is that the reservation was supposed to secure our place in line. It doesn’t feel very good to be waiting in line for something and see people get in ahead of you because they’re a celebrity or “own 51% of the company” (bonus points if you caught the reference)

I get it. I do. But it’s one more “surprise” on top of all the rest: longer wait time, higher price, not the promised range… I don’t want to end up with a grudge I’ll need to forgive by the time it’s my turn..

Life isn’t fair my guy.

Like it or not, money and influence make the world go round. The sooner one realizes this, the happier one will be.

Also, estimated range is not promised range.

Nothing was promised. If one is not happy with it, one shouldn’t get it.

as far as the grudge goes, you might already be there…. ??

 

[Mark2sday]

That’s true. My beef is that I actually did invest in the company; just not by enough.

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