Do you think Tesla should honor original reservation price?

[jerhenderson]

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.

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[jerhenderson]

No...it was an estimate as per the reservation. agreement.

 

[Crissa]

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]

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]

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]

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.

 

[WHIZZARD OF OZ]

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' (!?!?!?)

 

[tmeyer3]

I'm surprised this thread is still going lol

 

[WHIZZARD OF OZ]

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]

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…

 

[WHIZZARD OF OZ]

Go ahead and sue them…

Sue?????
I might be one eyed, but I will accept the offer to buy the TRI CT when it comes DownUnder!

 

[wanders]

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.

 

[wanders]

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

I think we should start a class action lawsuit against the government, and I'm not even joking

 

[alcstarheel]

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]

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.

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