Foundation Series: Response on Trade-In Quote Request

[ATXHOCKEYGAMER]

I placed the order Friday night for AWD Foundation Series and submitted everything to trade in my 2018 Performance Model 3. This will be my 3rd Tesla and have always traded in something and both times I got a response in less than 48 hours. Its been crickets so far.

Has anyone that is planning to trade in received a quote back yet?

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[bwilliam79]

Similar situation and same follow-up. We have a 2020 M3P we'll be trading in. I submitted the trade-in request to Tesla on Saturday and have heard nothing since. Previous trades for our other Tesla's were similarly quick. I'm not sure what to make of it, but you're definitely not alone. Maybe a lot of end of year activity to get the cars out the door they can sell before the tax credits change for the Model 3 and Model Y next year.

 

[lowtek]

We just upgraded my wife’s Y to a new one, took 5 days to get the trade offer.

 

[awhehackeur]

Similar situation and same follow-up. We have a 2020 M3P we'll be trading in. I submitted the trade-in request to Tesla on Saturday and have heard nothing since. Previous trades for our other Tesla's were similarly quick. I'm not sure what to make of it, but you're definitely not alone. Maybe a lot of end of year activity to get the cars out the door they can sell before the tax credits change for the Model 3 and Model Y next year.

This partially explains why early adopters of CT are getting cold-feet at the last minute and backed out their commitments. Poor Tesla logistics and support... yike!

 

[bwilliam79]

This partially explains why early adopters of CT are getting cold-feet at the last minute and backed out their commitments. Poor Tesla logistics and support... yike!

That seems like a bit of a stretch... I think the pricing and range not being what people were expecting is a bigger factor. Those who received the email to place an order for a Foundation Series are either proceeding or ignoring. I seriously doubt many placed the order and decided to back out within a couple of days... unless they decided to proceed without consulting their significant other and their SO felt differently. ?

 

[CyberMoose]

This partially explains why early adopters of CT are getting cold-feet at the last minute and backed out their commitments. Poor Tesla logistics and support... yike!

I think the biggest reason for people backing out are

1. It was a cheap refundable deposit so anyone even somewhat interested could join the queue before putting any real thought into it

2. people put down that reservation before there was real competition and it took so long to come out that the competition already took some of the business of people looking to upgrade to an electric truck before the Cybertruck was even released

3. The price jumped a lot. I'm not saying the price is bad by any means. I think it's very comparable to the competition and I think the price is fair for what you get. But anyone thinking that they were going to get a $40,000 Cybertruck is probably long gone.

I don't think anyone is going to get cold feet because trade ins are evaluated in 3 business days. It's also possible that they are getting a lot of trade in requests since nearby customers will likely get their trucks first and those are probably all being handled by a limited number of locations. I don't know if they handle trade ins by locations or by tesla itself, but either way, this has to be a busy time for Tesla. 3 business days isn't really a long time to wait.

 

[Luftpilot]

Probably backing out because of lower tow rating than originally promised. 14000 = yes, 11000 = NO. Anybody in the same boat?

 

[cvalue13]

I think the biggest reason for people backing out are

1. It was a cheap refundable deposit so anyone even somewhat interested could join the queue before putting any real thought into it

2. people put down that reservation before there was real competition and it took so long to come out that the competition already took some of the business of people looking to upgrade to an electric truck before the Cybertruck was even released

3. The price jumped a lot. I'm not saying the price is bad by any means. I think it's very comparable to the competition and I think the price is fair for what you get. But anyone thinking that they were going to get a $40,000 Cybertruck is probably long gone.

I don't think anyone is going to get cold feet because trade ins are evaluated in 3 business days. It's also possible that they are getting a lot of trade in requests since nearby customers will likely get their trucks first and those are probably all being handled by a limited number of locations. I don't know if they handle trade ins by locations or by tesla itself, but either way, this has to be a busy time for Tesla. 3 business days isn't really a long time to wait.

sounds like you’re confusing two different things

there’s the $100 pre-order fee that is refundable, from back in eg 2019

for those offered to configure a Foundarion to order, there’s was initially a $250 no -refundable deposit. That 250 non refundable has in the last few purportedly changed to $1,000

the conjecture is that Tesla upped the Foundarion order No refundable deposit because people with only $250 to loose were later backing out on completing the order

that conjecture becomes a bit more substantiated if it turns out Tesla is being either unresponsive to trade in requests, or coming back with surprisingly (to the buyer) low trade in dollar amounts only after people already put in their $250 non-refundable deposit

if they’re being unresponsive/low on trade-ins only after people put in $1,000 non-refundables, it starts to look a little clus*rfuck at best or shenanigans at worst

I never imagined they’d be asking for a non-refundable deposit BEFORE giving a commitment in a trade in value, even at $250 - but especially at $1,000

@Jhodgesatmb

 

[vertigo3pc]

I think the 2019 reservations were $100, so people said "fuck it, I'll make a reservation."

Foundation Series emails for $250 were probably same/similar "fuck it, why not?"

I am guessing that they had SO MANY people who did $100 do the $250 that they (rightly) questioned if those reservations were actual sales. So they stuck it to $1k for the now and future Foundation orders to try and either shake off the "fuck it" people, OR so they can test their demand. If the $1k uptake stays as high as the $250 uptake, Tesla can make more of an argument about the demand being high.

Personally, I ordered the AWD FS CT when I got the email, and I intend on taking it once tapped. As such, I went through the app (as instructed) and completed all the delivery tasks, including verification, financing app, etc. I wanted to get everything done so "schedule delivery" was the last thing left.

I don't think they'll deliver a single FS CT in the remaining 2 weeks of 2023 for a number of reasons:

1. The last good data from the IRS says the AWD CT is eligible for the tax rebate. January 1 means the rebate can be taken at point of sale. People who can afford the $80k price and the $100k FS CT premium probably don't care, but a lot of reservations that thought it would be $50k might be convinced to go to $80k with the rebate. As such, I also qualify for the tax rebate, and I'd love to have it.

2. Someone mentioned that if Tesla start selling the AWD FS CT in Q4 2023 (now), it means they have to report the Cost of Goods Sold for Q4 2023, which will start the clock ticking on the 12-18 months of loss before the CT becomes cash positive to sell. 18 months from now, including Q4 2023 means the 4-6 quarters of 12-18 months now becomes 5-7 quarters, beyond the 18 months timeline Tesla gave. That gives the media and antagonists ammo to say "they're STILL losing money, even though they said it would be 6 quarters! It's been SEVEN QUARTERS!" and then people sell a fuckton more puts and FUD rises.

3. It's the holidays in America (CA and TX). Keeping a holiday staff available in the event FS CT deliveries go wrong, drivers discover issues, there's a massive problem with any/all newly delivered FS CT's, all just means they need to pay Tesla staff to be available, and not as many will be available to put out fires that may start. How do you avoid that? Wait until after the holidays, a mere 2 weeks.

 

[Codyco]

I stopped by my local tesla dealer today to ask about my trade in. It's been quiet since early this week when they asked for more pictures of my aftermarket add ons. They said the offer is only good for 30 days so I probably would not get an official offer until closer to shipping. They did send a request for an update on their teams group for trade ins and said I might get an update. About an hour later I got another email asking for more pictures.

 

[Jamessmooth007]

I think the 2019 reservations were $100, so people said "fuck it, I'll make a reservation."

Foundation Series emails for $250 were probably same/similar "fuck it, why not?"

I am guessing that they had SO MANY people who did $100 do the $250 that they (rightly) questioned if those reservations were actual sales. So they stuck it to $1k for the now and future Foundation orders to try and either shake off the "fuck it" people, OR so they can test their demand. If the $1k uptake stays as high as the $250 uptake, Tesla can make more of an argument about the demand being high.

Personally, I ordered the AWD FS CT when I got the email, and I intend on taking it once tapped. As such, I went through the app (as instructed) and completed all the delivery tasks, including verification, financing app, etc. I wanted to get everything done so "schedule delivery" was the last thing left.

I don't think they'll deliver a single FS CT in the remaining 2 weeks of 2023 for a number of reasons:

1. The last good data from the IRS says the AWD CT is eligible for the tax rebate. January 1 means the rebate can be taken at point of sale. People who can afford the $80k price and the $100k FS CT premium probably don't care, but a lot of reservations that thought it would be $50k might be convinced to go to $80k with the rebate. As such, I also qualify for the tax rebate, and I'd love to have it.

2. Someone mentioned that if Tesla start selling the AWD FS CT in Q4 2023 (now), it means they have to report the Cost of Goods Sold for Q4 2023, which will start the clock ticking on the 12-18 months of loss before the CT becomes cash positive to sell. 18 months from now, including Q4 2023 means the 4-6 quarters of 12-18 months now becomes 5-7 quarters, beyond the 18 months timeline Tesla gave. That gives the media and antagonists ammo to say "they're STILL losing money, even though they said it would be 6 quarters! It's been SEVEN QUARTERS!" and then people sell a fuckton more puts and FUD rises.

3. It's the holidays in America (CA and TX). Keeping a holiday staff available in the event FS CT deliveries go wrong, drivers discover issues, there's a massive problem with any/all newly delivered FS CT's, all just means they need to pay Tesla staff to be available, and not as many will be available to put out fires that may start. How do you avoid that? Wait until after the holidays, a mere 2 weeks.

Tesla will push hard to sell every car they produced by the end of this quarter just like they have in every other quarter. 3, Y, CT, doesn’t matter. If they have it on the lot they’re going to try and get it out the door. Expect a leaked email from elon to the team about end of quarter delivery push soon.

 

[Codyco]

Updated just now with a trade in offer from tesla. Good for 30 days or 1000 miles.

 

[Alan]

I think the 2019 reservations were $100, so people said "fuck it, I'll make a reservation."

Foundation Series emails for $250 were probably same/similar "fuck it, why not?"

I am guessing that they had SO MANY people who did $100 do the $250 that they (rightly) questioned if those reservations were actual sales. So they stuck it to $1k for the now and future Foundation orders to try and either shake off the "fuck it" people, OR so they can test their demand. If the $1k uptake stays as high as the $250 uptake, Tesla can make more of an argument about the demand being high.

Personally, I ordered the AWD FS CT when I got the email, and I intend on taking it once tapped. As such, I went through the app (as instructed) and completed all the delivery tasks, including verification, financing app, etc. I wanted to get everything done so "schedule delivery" was the last thing left.

I don't think they'll deliver a single FS CT in the remaining 2 weeks of 2023 for a number of reasons:

1. The last good data from the IRS says the AWD CT is eligible for the tax rebate. January 1 means the rebate can be taken at point of sale. People who can afford the $80k price and the $100k FS CT premium probably don't care, but a lot of reservations that thought it would be $50k might be convinced to go to $80k with the rebate. As such, I also qualify for the tax rebate, and I'd love to have it.

2. Someone mentioned that if Tesla start selling the AWD FS CT in Q4 2023 (now), it means they have to report the Cost of Goods Sold for Q4 2023, which will start the clock ticking on the 12-18 months of loss before the CT becomes cash positive to sell. 18 months from now, including Q4 2023 means the 4-6 quarters of 12-18 months now becomes 5-7 quarters, beyond the 18 months timeline Tesla gave. That gives the media and antagonists ammo to say "they're STILL losing money, even though they said it would be 6 quarters! It's been SEVEN QUARTERS!" and then people sell a fuckton more puts and FUD rises.

3. It's the holidays in America (CA and TX). Keeping a holiday staff available in the event FS CT deliveries go wrong, drivers discover issues, there's a massive problem with any/all newly delivered FS CT's, all just means they need to pay Tesla staff to be available, and not as many will be available to put out fires that may start. How do you avoid that? Wait until after the holidays, a mere 2 weeks.

You won’t get the rebate with A foundation series truck.

 

[ATXHOCKEYGAMER]

Updated just now with a trade in offer from tesla. Good for 30 days or 1000 miles.

That’s awesome. I still don’t have anything.

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