Day one reservation holders?

[Woodrick]

Question. On my app I have my wifes Model Y pictured and no picture of a CT. If you do not own or have a vin for a CT how or where is his picture of a CT to press on?

I don't believe that it will appear in the app until you have ordered.
It will appear online.

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[Woodrick]

I'm not talking about millionaires. The income limit is $150,000 for single filers. Most single people earning less than $150,000/year can't afford payments on a Foundation Series AWD which is $100k + taxes, especially at today's interest rates. Let's say that your down payment covers the taxes and other misc expenses. If you finance $100k over 72 months at 6.75% (good credit) your car payment is $1,700/mo. After income taxes, mortgage/rent, insurance (which I'm sure is quite expensive on this truck!), etc it's hard to be able to afford that much truck. Not saying that nobody can do it, just that a majority of people can't.

Most people aren't single filers.

It all depends on your spending pattern. If someone makes $50,000 and can afford to live, then if you give them an extra $100,000, they can buy one.

So many live so far beyond their means these days.

 

[Jon Snow]

Are there any other day one reservation holders that reserved on the night of the unveiling that still have not received an invitation to order a foundation series cybertruck? All my friends in Denver (4 total) and one in Minnesota have received them, but I’m still waiting. The #’s are all over the place, so it seems to be a random lottery among day one reservation holders, right?

Just got my notice .. was about 50,000 in line.

 

[Woodrick]

Just got my notice .. was about 50,000 in line.

Canadian or US destination?

 

[Rutrow]

Question. On my app I have my wifes Model Y pictured and no picture of a CT. If you do not own or have a vin for a CT how or where is his picture of a CT to press on?

The CyberTruck didn't show up in my app until I had been invited to order the Foundation Series. I'm not buying FS, so you don't have to order one to have it show up in the app.

 

[Musselmanc]

If you ordered, look at your order agreement. There's two line items.

I agree, why shouldn’t FS orders be able to get the tax credit if we qualify? Or do you think we can potentially still get it on our tax return because it is listed to separate lines?

 

[Woodrick]

I agree, why shouldn’t FS orders be able to get the tax credit if we qualify? Or do you think we can potentially still get it on our tax return because it is listed to separate lines?

It will probably end up being some tax attorneys figuring it out. Tesla has already indicated that they won't be taking on-the-spot credits. They got to get that figured out for their major car sales, and then I suspect they'll address the Cybertruck.

It may be that some Foundation Series folks must apply for it next year. I believe that all current purchasers may be doing that.

 

[Sousray]

Me too! I check 5 times per day. I ordered the first second the order page went live. I live in Fremont, own a Tesla, stock etc etc. I am also X premium(thought there might be a correlation) still nothing!! Corrected for being in Fremont I should be in the top 50 lowest reservations.. zero love.

Just maybe, Tesla figures, the people so close to the top of the list will be up first for the standard CT, so they skip over us since we will be contacted first for the standard CT.
JUST DREAMING AGAIN

 

[HaulingAss]

I'm not talking about millionaires. The income limit is $150,000 for single filers. Most single people earning less than $150,000/year can't afford payments on a Foundation Series AWD which is $100k + taxes, especially at today's interest rates. Let's say that your down payment covers the taxes and other misc expenses. If you finance $100k over 72 months at 6.75% (good credit) your car payment is $1,700/mo. After income taxes, mortgage/rent, insurance (which I'm sure is quite expensive on this truck!), etc it's hard to be able to afford that much truck. Not saying that nobody can do it, just that a majority of people can't.

Some people who make more than $100,000/year do this thing called "saving". That's where you don't buy as much stuff as you can, you don't live in a place as expensive as you could swing, you don't replace your things until they reach their end of life, and you stash away the extra money in an account. When it gets to be more than you need for an emergency, you open a brokerage account and buy some shares in leading companies. If you keep doing this, you won't even need a loan to buy a new car, you can just take out a small percentage of your brokerage account and buy a new car. Just refrain from spending too much and, ironically, you will probably get to a place where you can spend more and more while your brokerage account continues to grow over the years.

 

[Fleetwood75]

Some people who make more than $100,000/year do this thing called "saving". That's where you don't buy as much stuff as you can, you don't live in a place as expensive as you could swing, you don't replace your things until they reach their end of life, and you stash away the extra money in an account. When it gets to be more than you need for an emergency, you open a brokerage account and buy some shares in leading companies. If you keep doing this, you won't even need a loan to buy a new car, you can just take out a small percentage of your brokerage account and buy a new car. Just refrain from spending too much and, ironically, you will probably get to a place where you can spend more and more while your brokerage account continues to grow over the years.

A few people do that yes, but the majority of the American public lives way beyond their means. I think you’re talking about the exception, not the norm. All you need to do is see how auto loan defaults are at all time highs currently to see that a while lotta folks are getting in over their heads

 

[HaulingAss]

A few people do that yes, but the majority of the American public lives way beyond their means. I think you’re talking about the exception, not the norm. All you need to do is see how auto loan defaults are at all time highs currently to see that a while lotta folks are getting in over their heads

I get that. I guess I'm just in the minority because the very idea of taking out a loan for tens of thousands of dollars to buy a new vehicle would have terrified me. I never even considered it.

 

[Sleipnir]

A few people do that yes, but the majority of the American public lives way beyond their means. I think you’re talking about the exception, not the norm. All you need to do is see how auto loan defaults are at all time highs currently to see that a while lotta folks are getting in over their heads

I don't buy anything I can't pay cash for. Including my house. I'm a lender, not a borrower.

 

[rudedawg78]

Some people who make more than $100,000/year do this thing called "saving". That's where you don't buy as much stuff as you can, you don't live in a place as expensive as you could swing, you don't replace your things until they reach their end of life, and you stash away the extra money in an account. When it gets to be more than you need for an emergency, you open a brokerage account and buy some shares in leading companies. If you keep doing this, you won't even need a loan to buy a new car, you can just take out a small percentage of your brokerage account and buy a new car. Just refrain from spending too much and, ironically, you will probably get to a place where you can spend more and more while your brokerage account continues to grow over the years.

Amen, brother. I am generally a broke middle-income white-collar worker. However, after 4 years of savings, cutting back on entertainment stuff, and doing some gigs on the side, I ended up saving enough to pay cash money for my Cybertruck. I even opened up a high-yield savings 4.85% interest account strictly for the Cybertruck and to separate it from the rest of me and my family's money.

A lot of dedication and hard work can pay dividends in the end. The Cybertruck will be my first car I have ever paid with 100% cash.

Now I just have to wait for my non-FS Cybertruck config invite.

 

[Bkb13]

I agree, why shouldn’t FS orders be able to get the tax credit if we qualify? Or do you think we can potentially still get it on our tax return because it is listed to separate lines?

according to the IRS you won’t get the tax credit. The total price includes the foundation package…

“MSRP is the retail price of the automobile suggested by the manufacturer, including manufacturer installed options, accessories and trim but excluding destination fees. It isn't necessarily the price you pay.”

https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after

 

[Musselmanc]

according to the IRS you won’t get the tax credit. The total price includes the foundation package…

“MSRP is the retail price of the automobile suggested by the manufacturer, including manufacturer installed options, accessories and trim but excluding destination fees. It isn't necessarily the price you pay.”

https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after

That website specifically says the MRSP, not the price you pay the MRSP is 79,000 the price I pay is 99,000 therefore, it will qualify right?

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