Pricing

[Paula Arnold]

Just a curious it’s factor. If we paid a deposit in 2019 to reserve a vehicle at a certain price. We have been exceptionally patient for the past 4 years. I would think that they should be obligated to come within 10% of the original promoted price. Anyone purchasing one that did not pay the deposit would pay whatever they choose to sell it for. It’s an awesome way to finance the facilities needed by collecting 250,000 deposits of $150 a mere 37,500,000 interest free loan for 4 years time. Collectively we have been an invaluable asset and therefore should be locked into the 2019 pricing?

 

[JCERRN]

Just a curious it’s factor. If we paid a deposit in 2019 to reserve a vehicle at a certain price. We have been exceptionally patient for the past 4 years. I would think that they should be obligated to come within 10% of the original promoted price. Anyone purchasing one that did not pay the deposit would pay whatever they choose to sell it for. It’s an awesome way to finance the facilities needed by collecting 250,000 deposits of $150 a mere 37,500,000 interest free loan for 4 years time. Collectively we have been an invaluable asset and therefore should be locked into the 2019 pricing?

Unfortunately, Tesla is not obligated to anything except to hold your place in a line they will eventually decide the details of for a vehicle that they may eventually manufacture… you agreed to this when you signed the reservation agreement. Its business, not personal, moral, or about loyalty or feelings.

 

[FrankMcEnnis]

Just hope it's close to 2019 and by the investor day video, the cybertruck cost almost half the model Y to make, so it should be under the model Y price!

 

[Crissa]

Just a curious it’s factor. If we paid a deposit in 2019 to reserve a vehicle at a certain price. We have been exceptionally patient for the past 4 years.

Four years ago today, Tesla had not scheduled the unveiling of the Cybertruck yet.

So if you've been waiting four years, you wanted something not yet given a schedule or a picture.

-Crissa

 

[jerhenderson]

Just a curious it’s factor. If we paid a deposit in 2019 to reserve a vehicle at a certain price. We have been exceptionally patient for the past 4 years. I would think that they should be obligated to come within 10% of the original promoted price. Anyone purchasing one that did not pay the deposit would pay whatever they choose to sell it for. It’s an awesome way to finance the facilities needed by collecting 250,000 deposits of $150 a mere 37,500,000 interest free loan for 4 years time. Collectively we have been an invaluable asset and therefore should be locked into the 2019 pricing?

there's no obligation on their part whatsoever.

 

[Crissa]

there's no obligation on their part whatsoever.

There's definitely obligation.

Obligation to perform. Obligation that they've pre-priced one of the options. Obligations that will hurt their bottom line if they decide to avoid them.

Yes, they don't have an obligation to meet the price exactly. But they have a legal obligation to substantially perform. That means coming somewhere near the price they suggested.

-Crissa

 

[Miralf]

I agree, elon wants tesla to be one of the first cars builder in the world by making volume.
So model 3, Y and cybertruck must be priced a t the lowest level possible so i guess the base model around 50k.

 

[CyberGus]

 

[cvalue13]

But they have a legal obligation to substantially perform. That means coming somewhere near the price they suggested.

If you’re talking obligation to offer any particular vehicle or feature. they have no such legal obligation

a customer-relations aspiration to live up to, maybe - but there’s no legally binding terms at play here

 

[Mini2nut]

Think about this Dual Motor reservation holders;

If Tesla leadership decides to slap on an outrageous 40% price increase to the $49,900 Dual Motor trim it would still be under $70k ($69,860). That would undercut R1T and Lightning pricing.

 

[MonkeyDeLuffy]

maybe with enough owners' input and latest leaked specs, we could at least come up with a costing model for a cybertruck:
$motors, $stainless steel, $wiring, $battery etc.

 

[Lekrow]

If you’re talking obligation to offer any particular vehicle or feature. they have no such legal obligation

a customer-relations aspiration to live up to, maybe - but there’s no legally binding terms at play here

With the verbage on the site when they launched the reservation, Tesla failing to honor atleast FSD pricing for those that were lead to believe it was `secured` would lead to a very hard to defend class-action.

 

[rudedawg78]

With the verbage on the site when they launched the reservation, Tesla failing to honor atleast FSD pricing for those that were lead to believe it was `secured` would lead to a very hard to defend class-action.

There it is in black and white! Glad I was able to secure my FSD at $7K, as well.

 

[cvalue13]

With the verbage on the site when they launched the reservation, Tesla failing to honor atleast FSD pricing for those that were lead to believe it was `secured` would lead to a very hard to defend class-action.

If what people are saying is, that (A) Tesla decides to offer the vehicle they described, and (b) Tesla does offer you that vehicle, and (c) you do decide to pay for it with FSD installed - then fine.

short of that, as ever, important to read the terms (below). While potential sounding benign to the layman, collectively the highlighted bits mean as a legal matter that - as a legal matter - Tesla owes nobody any particular vehicle. In any particular configuration.


Cybertruck Motor Vehicle Pre-Order Agreement Terms & Condi􏰀ons
Documenta􏰀on.

Your Cybertruck Motor Vehicle Pre-Order Agreement (the “Agreement”) is made up of the following documents:

1. Vehicle Configura􏰁on: The Vehicle Configura􏰁on will be confirmed with you at a later date. It will describe the vehicle that you configure, including pricing (excluding taxes and official or government fees).
2. Final Price Sheet: The Final Price Sheet will be provided to you as your delivery date nears. It will include final pricing based on your Vehicle Configura􏰁on and will include taxes and official or governmental fees.

3. Terms & Condi􏰁ons: These Terms & Condi􏰁ons are effec􏰁ve as of the date you place your pre-order and make your Pre-Order Payment (the “Pre-Order Date”).

Agreement to Purchase. You agree to pre-order the vehicle (the “Vehicle”) that you configured when you made your Pre-Order Payment and by taking delivery, comple􏰁ng the transac􏰁on when the Vehicle is ready for delivery from Tesla, Inc. or its affiliate (“we,” “us” or “our”), pursuant to the terms and condi􏰁ons of this Agreement. Your Vehicle is priced and configured based on features and op􏰁ons available at the 􏰁me of order and you can confirm availability with a Tesla representa􏰁ve. Op􏰁ons, features or hardware released a􏰂er you place your order may not be included in or available for your Vehicle.
Pre-Order Price, Taxes and Official Fees. The pre-order price of the Vehicle will be confirmed in your Vehicle Configura􏰁on and Final Price Sheet. 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 es􏰁mate and is subject to change. Any pre-order price listed in the Vehicle Configura􏰁on will not include taxes and official or government fees, which could amount to up to 10% or more of the Vehicle pre-order price. Because these taxes and fees are constantly changing and will depend on many factors, such as where you register the Vehicle, they will be calculated closer to the 􏰁me of delivery and indicated on your Final Price Sheet. You are responsible for paying these addi􏰁onal taxes and fees. If you present a check for any payment, we may process the payment as a normal check transac􏰁on, or we may use informa􏰁on from your check to make a one-􏰁me electronic fund transfer from your account, in which case your bank account will reflect this transac􏰁on as an Electronic Fund Transfer.
Pre-Order Process; Cancella􏰀on; Changes. A􏰂er you submit your completed pre-order and the op􏰁ons you selected become available in produc􏰁on, we will invite you to complete the configura􏰁on of your Vehicle. We will then issue you the Vehicle Configura􏰁on and Final Price Sheet based on the base price of the model and any op􏰁ons included or that you select. Your Pre-Order Payment covers the cost of these ac􏰁vi􏰁es and other processing costs and is not a deposit for the Vehicle. Un􏰀l your Vehicle is delivered to you, you may cancel your pre-order at any 􏰀me, in which case you will receive a full refund of your Pre-Order Payment. Un􏰀l your final configura􏰀on is matched to a vehicle, you may make changes to your Vehicle Configura􏰀on. If you make changes to the configura􏰁on of the Vehicle, you may be subject to poten􏰁al price increases for any pricing adjustments made since your original Pre-Order Date. Any changes made by you to your Vehicle Configura􏰁on, including changes to the delivery loca􏰁on or es􏰁mated delivery date, will be reflected in a subsequent Vehicle Configura􏰁on that will form part of this Agreement. When you take delivery of the Vehicle, we will provide a credit to the final pre-order price of your Vehicle equivalent to the amount of the Pre-Order Payment you paid. This Pre-Order Payment and this Agreement are not made or entered into in an􏰁cipa􏰁on of or pending any condi􏰁onal sale contract.
Delivery. If you are picking up your Vehicle in a state where we are licensed to sell the Vehicle, we will no􏰁fy you of when we expect your Vehicle to be ready for delivery at your local Tesla Delivery Center, or other loca􏰁on as we may agree to. You agree to schedule and take delivery of your Vehicle within one week of this date. If you are unable to take delivery within the specified period, your Vehicle may be made available for sale to other customers.
If you wish to pick up your Vehicle in a state where we are not licensed to sell the Vehicle, or if you and Tesla otherwise agree, Tesla will, on your behalf, coordinate the shipment of your Vehicle to you from our factory in California or another state where we are licensed to sell the Vehicle. In such a case, you agree that this is a shipment contract under which Tesla will coordinate the shipping of the Vehicle to you via a third-party common carrier. You agree that delivery of the Vehicle, including the transfer of 􏰁tle and risk of loss to you, will occur at the 􏰁me your Vehicle is loaded onto the common carrier’s transport (i.e., FOB shipping point). The carrier will insure your Vehicle while in transit and you will be the beneficiary of any claims for damage to the Vehicle or losses occurring while the Vehicle is in the possession of a common carrier.
You understand that Tesla may not have completed the development of Cybertruck or begun manufacturing Cybertruck at the 􏰁me you entered into this Agreement and so we do not guarantee when your Vehicle will actually be delivered. Your actual delivery date is dependent on many factors, including your Vehicle’s configura􏰁on and manufacturing availability. To secure your final payment and performance under the terms of this Agreement, we will retain a security interest in the Vehicle and all proceeds therefrom un􏰁l your obliga􏰁ons have been fulfilled.

 

[BayouCityBob]

There's definitely obligation.

Obligation to perform. Obligation that they've pre-priced one of the options. Obligations that will hurt their bottom line if they decide to avoid them.

Yes, they don't have an obligation to meet the price exactly. But they have a legal obligation to substantially perform. That means coming somewhere near the price they suggested.

-Crissa

From your Cybertruck Order Agreement:
"Pre-Order Price, Taxes and Official Fees. The pre-order price of the Vehicle will be confirmed in your Vehicle Configura􏰁on and Final Price Sheet. 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."