Do you think Tesla should honor original reservation price?

[DumpsterFire]

I did read it. It doesn’t say the original price means nothing or is subject to change. In fact it says “The pre-order price of the Vehicle will be confirmed in your Vehicle Configuration and Final Price Sheet.” My understanding is the pre-ordering price IS going to be honored per the agreement.

What are you suggesting?

Careful man. The Elon Fan Bois have been known to swarm when they feel even the tiniest slight against Tesla or "Musk the Messiah." haha

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[jerhenderson]

Thanks. I actually missed this line. But since it says it is an estimate, it should still bearing some weight. I personally don’t think it could be increased by 60% percents.

explain why not. it bears no weight whatsoever.

 

[jerhenderson]

As per reservation agreement: any pre-order price provided to you in advance of the Final Price Sheet is only being offered to you as an estimate and is subject to change.

therefore, price may change.

it did.

 

[mhaze]

...Now Tesla is luring me with the foundation series order but I’m not going to accept it. If officially the product arrives and the price is not the original pre-order price then I’m ready to participate the class action against Tesla.

It is Truthy, Comrade. Indeed these running dog of capitalistic barons are not acting for the Greater Good. Many of the toiling worker class are priced out of Cybertrucking. Let us use the iron boot of the law to force them into giving to those who have the greater Needs.

We will establish a Central Committee that decides these matters in accordance with Needs. Of course, all members of the Committee will be allocated one of the Cybertrucks.

 

[SlegMD]

you had me on quoting ChatGPT as authority! ?

Humans these days

 

[HellsNels]

Should they? I mean as a consumer, yeah that’d be great. Have they? No they have and will not. Will they lower the price eventually to something more consumer friendly and aligned to those original prices? Probably—eventually for end-of-quarter pushes and when things are at scale and production lines improve.

That’s life. They’re a corporation. They exist to make money and provide value to the shareholders. There was a pandemic, inflation has gone up, supply chains have been wrecked, there are two active wars right now in Israel and Ukraine, there was scope creep and they added things in they had no idea or intention of 4 years ago (steer by wire, 48V / 800V, powershare, not having the “exoskeleton” unibody), the 4680 cells are likely not as energy dense or as cheap as they anticipated by this point. They want to capitalize on hype and early adoption/FOMO by packaging up this Foundation Edition.

Take your pick as to why they won’t or can’t honor the speculated pricing from 4-5 years ago. I’m sorry but it’d be naive to think otherwise.

 

[davelloydbrown]

I’m surprised that not many people are asking this question in this forum. I don’t think it is simply a demand/supply problem. Listing your currently available product for any price you’d like is one thing. Creating demand/trend/marketing effects with inaccurate pre-ordering price and not to honor it or at least partially compensate customers is another thing. Now Tesla is luring me with the foundation series order but I’m not going to accept it. If officially the product arrives and the price is not the original pre-order price then I’m ready to participate the class action against Tesla.

There is no question that a 50-60% increase in price was shocking and then added to that a significant reduction in the mileage of the tri-motor.

But as a CT reservation holder and a tesla investor, what concerned me most with the increase in price is the realization that the CT will be another niche product like the MS and MX and after the initial hysteria has abated, will probably not sell more than 100 k units/ year. I was hoping that the stock may recover somewhat with the CT reveal, but it has done nothing as the analysts are well aware of this. Now the only hope for recovery of the stock is an unveil for the M2 or dropping interest rates.

 

[SolarWizard]

I’ll take ridiculous class action lawsuits piling in over unions any day of the week.

Go for it! Be forewarned you’ll need mega deep pockets or a firm with a serious gambling addiction to bring this case forward

 

[cpj431]

explain why not. it bears no weight whatsoever.

That would be the job of a lawyer if you ask seriously. But below is my personal understanding:

per the pre-order agreement:

"As you may have only configured part of your Vehicle, any pre-order price provided to you in advance of the Final Price Sheet is only being offered to you as an estimate and is subject to change."

This means two things:
1. Tesla could change the price, but ONLY because the customer, us, may have only configured part of the vehicle. They could add more configure options (premium interior or what ever fancy options) later and that could lead to a change to the price. Fair game.
2. Tesla acknowledge the pre-order price is provided as an ESTIMATE. And if the estimate is off by 60% percent of more. This brings a concern of misleading the customer or investor at least, since Tesla received massive attention and pre-order amount on this product because of that price. It is Telsa not the consumer or fan boys who needs to make the official explanations on why the estimation is off so much.

I am not that familiar with consumer protection law so I would expect lawyers have more to say on this aspect. But calling a pre-order agreement to be "bears no weight" is simply not correct.

 

[CyberGus]

Can we start a class-action suit against general contractors? Their estimates use usually way off, too ?‍

 

[cpj431]

There is no question that a 50-60% increase in price was shocking and then added to that a significant reduction in the mileage of the tri-motor.

But as a CT reservation holder and a tesla investor, what concerned me most with the increase in price is the realization that the CT will be another niche product like the MS and MX and after the initial hysteria has abated, will probably not sell more than 100 k units/ year. I was hoping that the stock may recover somewhat with the CT reveal, but it has done nothing as the analysts are well aware of this. Now the only hope for recovery of the stock is an unveil for the M2 or dropping interest rates.

I invested in TSLA too. Quite opposite I don't worry about the CT sales(in the current price), as pickup truck segment is the biggest one in north America and it needs to be electrified just as car/SUV segment. I'm just concerning about my own price of the vehicle.

I'll say don't worry about TSLA stock price in general. It's pretty clear EV will replace ICE every where and whoever could make the vehicles with the lowest cost would get all the profit.

 

[cpj431]

I feel your pain. Don’t misunderstand me (or, should I say, don’t let me miscommunicate), the price increase and range reduction were a shock for me; I just don’t think that you/we have a legal leg to stand on. So let’s move on!

I would be surprised if no class action would happen in the case that Tesla officially calling people to complete the order with the current increased price. For now, you could actually see Tesla's effort to avoid that:

1. Tesla avoided using the original name in the pre-order page. dual motor AWD is now simply called "all-wheel drive" and tri-motor AWD is called cyberbeast etc.
2. Tesla is calling people to complete the order of "Limited edition Foundation series". Strictly speaking it is a different product than what is in the pre-order page. Also I noticed Tesla carefully says "As an early reservation holder, you have been invited to order your Foundation Series Cybertruck" rather than saying: now let's complete your order(and sorry, this is your actual price)?

 

[VC-WA-CT]

Opinions are irrelevant. All that matters is the law. If it's important to you, join a class-action suit.

 

[jerhenderson]

There is no question that a 50-60% increase in price was shocking and then added to that a significant reduction in the mileage of the tri-motor.

But as a CT reservation holder and a tesla investor, what concerned me most with the increase in price is the realization that the CT will be another niche product like the MS and MX and after the initial hysteria has abated, will probably not sell more than 100 k units/ year. I was hoping that the stock may recover somewhat with the CT reveal, but it has done nothing as the analysts are well aware of this. Now the only hope for recovery of the stock is an unveil for the M2 or dropping interest rates.

oh it'll sell more than MX levels- the MX is a SUV; nothing more. the CT
in that range is a nicely equipped work truck, something that self-described experts know nothing about.

 

[jerhenderson]

I’m surprised that not many people are asking this question in this forum. I don’t think it is simply a demand/supply problem. Listing your currently available product for any price you’d like is one thing. Creating demand/trend/marketing effects with inaccurate pre-ordering price and not to honor it or at least partially compensate customers is another thing. Now Tesla is luring me with the foundation series order but I’m not going to accept it. If officially the product arrives and the price is not the original pre-order price then I’m ready to participate the class action against Tesla.

class action..... lmao...... did you ever even read your reservation. agreement? #adulting.

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