Sponsored

Do you think Tesla should honor original reservation price?

jerhenderson

Well-known member
First Name
Jeremy
Joined
Feb 20, 2020
Threads
13
Messages
2,556
Reaction score
3,999
Location
Prince George BC
Vehicles
Cybertruck
Occupation
Correctional Officer
Country flag
Seriously, it is probably better on law terms than you and me added together.

Of course, I suspect there is actually real consumer lawyer being cybertruck preorder customers himself/herself who is ready to take action anytime.
aka ambulance chaser.
Sponsored

 

Crissa

Well-known member
First Name
Crissa
Joined
Jul 8, 2020
Threads
138
Messages
19,571
Reaction score
31,477
Location
Santa Cruz
Vehicles
2014 Zero S, 2013 Mazda 3
Country flag
Oh good lord. Stop fishing for a class action lawsuit. Tesla has enough unnecessary problems.
Making unreasonable estimates would be considered an anti-competitive act.

So yeah, this was a problem of their own making.

Can we start a class-action suit against general contractors? Their estimates use usually way off, too ?‍♂
Those are actually really common. And if they're still in business, or have assets, the cases often win. The hard part is nailing down their assets.

-Crissa
 

rizvend

Well-known member
First Name
JAKEMBL
Joined
Jun 3, 2020
Threads
18
Messages
793
Reaction score
1,154
Location
66215
Vehicles
cybrtrk, aptera reserved
Occupation
Nurse Informaticist
Country flag
Making unreasonable estimates would be considered an anti-competitive act.

So yeah, this was a problem of their own making.

-Crissa
2019...
No pandemic.
No self inflicted inflation.
No major supply chain disruption.
This were the conditions under which the original estimates were made.
 

Crissa

Well-known member
First Name
Crissa
Joined
Jul 8, 2020
Threads
138
Messages
19,571
Reaction score
31,477
Location
Santa Cruz
Vehicles
2014 Zero S, 2013 Mazda 3
Country flag
2019...
No pandemic.
No self inflicted inflation.
No major supply chain disruption.
This were the conditions under which the original estimates were made.
  1. They're required to have inflation calculated into their price estimates.
  2. The pandemic delayed things; prices of the rest of their vehicles are back down.
  3. The United States doesn't control global inflation rates. Don't know why that's in here; US inflation averaged 4.5% over the last four years; target is 2%, nominal plans need to expect at least 3%.
  4. The supply chain is back to normal.
You've explained the delay, but only managed to point out why their price increases are, in fact, not matching their current market other than profit-taking.

-Crissa
 


rizvend

Well-known member
First Name
JAKEMBL
Joined
Jun 3, 2020
Threads
18
Messages
793
Reaction score
1,154
Location
66215
Vehicles
cybrtrk, aptera reserved
Occupation
Nurse Informaticist
Country flag
  1. They're required to have inflation calculated into their price estimates.
  2. The pandemic delayed things; prices of the rest of their vehicles are back down.
  3. The United States doesn't control global inflation rates. Don't know why that's in here; US inflation averaged 4.5% over the last four years; target is 2%, nominal plans need to expect at least 3%.
  4. The supply chain is back to normal.
You've explained the delay, but only managed to point out why their price increases are, in fact, not matching their current market other than profit-taking.

-Crissa
The price hike in addition to market anticipation IS the result of all mentioned. Remember, It's $100 reservation fee not an entire downpayment. I've been part of bussinesses that succeed and fail to make the hard decision such as this. Tesla is not a charity organization. Good luck on your purchase if you chose to.
 
Last edited:

WHIZZARD OF OZ

Well-known member
First Name
Ivan
Joined
Mar 11, 2021
Threads
1
Messages
2,288
Reaction score
2,090
Location
Australia
Vehicles
VW Up!
Occupation
Electric Wheelchair Builder
Country flag
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.
Just one thought for your future self ....Should the Foundation Series offer be taken up as a 'Once in a Lifetime' (!?!?!?)
 

WHIZZARD OF OZ

Well-known member
First Name
Ivan
Joined
Mar 11, 2021
Threads
1
Messages
2,288
Reaction score
2,090
Location
Australia
Vehicles
VW Up!
Occupation
Electric Wheelchair Builder
Country flag
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'm starting to wish l was a Pirate.
Only then could l truly understand what it's like to NOT have a ' legal leg to stand on'
Think l'll move right along ......
 

Jhodgesatmb

Well-known member
First Name
Jack
Joined
Dec 1, 2019
Threads
89
Messages
6,492
Reaction score
9,031
Location
San Francisco Bay area
Website
www.arbor-studios.com
Vehicles
Tesla Cybertruck FS AWD, Tesla Model Y LR
Occupation
Retired AI researcher
Country flag
I'm starting to wish l was a Pirate.
Only then could l truly understand what it's like to NOT have a ' legal leg to stand on'
Think l'll move right along ......
Go ahead and sue them…
 


wanders

Well-known member
Joined
Sep 14, 2023
Threads
2
Messages
213
Reaction score
309
Location
earth
Vehicles
CRVEX-LAWD
Country flag
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.
Makes sense, but I'm not sure why anyone was thinking the stock would move with the CT. Clearly the M2 is what the masses will consume, that's literally the point of it. CT is definitely a niche product, but given the wild advancements in tech and overall domination over competition... I think they'll sell as many as they can make for many years. But yeah, interest rates aren't helping, neither is global destabilization.
 

alcstarheel

Well-known member
First Name
Aaron
Joined
Feb 28, 2023
Threads
0
Messages
94
Reaction score
173
Location
Dallas
Vehicles
A few
Country flag
You’re right OP. Most think the price increase and range decrease on the Tri are unreasonable. It sucks. Finding someone to fight that in court is going to be an expensive challenge and take years.

If you were to win that individual lawsuit in year 2026 the CT price will probably be back down toward what was the expected 2021 production sale price +inflation. So Tesla would offer that to you and maybe pay a fine. Then they’d probably refuse to sell to you anymore.

Good luck.
 

jerhenderson

Well-known member
First Name
Jeremy
Joined
Feb 20, 2020
Threads
13
Messages
2,556
Reaction score
3,999
Location
Prince George BC
Vehicles
Cybertruck
Occupation
Correctional Officer
Country flag
Makes sense, but I'm not sure why anyone was thinking the stock would move with the CT. Clearly the M2 is what the masses will consume, that's literally the point of it. CT is definitely a niche product, but given the wild advancements in tech and overall domination over competition... I think they'll sell as many as they can make for many years. But yeah, interest rates aren't helping, neither is global destabilization.
the CT will move stock when it's a volume and profit contributor.
Sponsored

 
 








Top