Tesla is apparently now not letting anyone with a pending foundation series order wait for non foundation

[igs]

Dealerships are required to pay the manufacturer a deposit for each car. Tesla does not have dealerships, so the middleman is cut out. Other brands require deposits for certain builds as well.

Rivian does the same thing once your vehicle is configured and you accept it, just like OP did. https://rivian.com/support/article/when-does-my-deposit-become-non-refundable

This is basic common sense. I don't know why this thread even exists or why it's 4 pages long. ?‍

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[lee810]

I didn't reserve my CT until April, 2021. That put me at 1.8M positions behind those that got in very early. When I received the offer to purchase a Foundation Series, I couldn't believe my good fortune. I knew the original pricing was overly optimistic, and then I did the math and thought if they could ramp up to produce 250,000 CTs a year, I'd still be waiting another 7 years for mine before they worked through that list of reservations. And they would likely raise the price in that time another 20% just due to inflation. No one ever knows what might happen to tax credits from year to year so I wasn't going to hold out for that.

I'd say do it now while you can...

 

[Pops]

I think it's harder to name a car company that doesn't require a deposit for buying a vehicle that is not on the lot.

I've been charged that from Ford, Toyota, and Mercedes to order something that wasn't on the lot.

The difference is those were most likely refundable deposits, see Ford's policy below.

You may cancel your Reservation at any time before you order your vehicle and request a refund from your Dealer. The full Reservation Deposit should be credited back to your credit card within approximately 10 business days. Please note that all cancellations are final

https://www.ford.com/help/terms/res...e before you,that all cancellations are final.

 

[SCTesla]

The difference is those were most likely refundable deposits, see Ford's policy below.


https://www.ford.com/help/terms/reservations-payments-orders/#:~:text=You may cancel your Reservation at any time before you,that all cancellations are final.

On all special orders it will state;

The refund policy for the deposit is also at the discretion of the dealer.


This is why so many with Mavericks and Lightning couldn't get a deposit back...or me with my F150 Diesel Platinum.

 

[Killlbox]

The difference is those were most likely refundable deposits, see Ford's policy below.


https://www.ford.com/help/terms/reservations-payments-orders/#:~:text=You may cancel your Reservation at any time before you,that all cancellations are final.

The key line is “You may cancel your Reservation at any time before you order your vehicle”.

OP ordered the vehicle.
The $100 payment to Tesla was a reservation - refundable.
OP paid $1,000 for an order - not refundable.

Tesla absolutely shouldn’t refund a penny.

 

[AlDente]

Don't be so sure.

A lot of people are replacing their previous pickups with a Cybertruck. A bunch of other Tesla fans and followers are mixed in there too, because they were paying attention during the reveal.

The Cybertruck makes an excellent replacement for a gas 1/2-ton pickup, as long as you are like most 1/2-ton truck owners and don't tow trailers on long-haul runs.

I'm pretty sure "a lot of people" would be more accurately described as a few people. The big 3 pickup manufacturers know the statistics so this speculation will be resolved soon.

BTW, having owned 3 Chey Volts, I'm interested in the new hybrid models from BYD and RAM. Fords next gen pickup might also be an interesting but pricey option.

 

[Cyber Man]

I'm pretty sure the traditional pickup truck driver is not the current buyer of a Cybertruck. It was the simplicity of design, utility and price that drew me to Tesla and the Cybertruck. The promised low purchase price and long range were very important considerations. That announced 2019 price was reasonable and believable due to Tesla's vertical integration and world class manufacturing process. An inflation price adjustment would have been fine but this huge markup was not reasonable, it was bait and switch-ish.

I still have my Dec 2019 reservation in place and thus my mild interest in Cybertruck news. I have no intention of buying a Foundation Series and even without that markup, it is not worth $80K for me. A used Cybertruck could be in my future but in the meantime I have a low cost, luxury BEV doing most of what I need a vehicle to do as a place holder.

Believe it or not, I spent several precious hours to find any Truck that can do what I need from a truck, and my analysis ended up with a truck that happened to be a Cybertruck. If you don’t believe, then definitely try researching about it - find a truck that has 2500 lbs payload, 11000 lbs towing, adjustable suspension, good off roading with differential locking, strong body, 6’ bed, good leg space, secure bed, and high maneuverability. Find me one truck that does all of this in 18.6’ length foot print. If you find any truck on the planet that fits this particular feature list, I’ll cancel my FS reservation and buy that truck without asking any further questions. I’m not even including any EV specific stuff in that list. I don’t need long distance towing. No need to include that.

Given how radical CT design is, people overly obsess about the price and design, but in CT’s core DNA, its capabilities are unbeatable in that particular segment!

 

[Cyber Man]

For all those who are questioning refundable policy - look, everyone here knows what non refundable means. The reason this thread exists is because Tesla committed informally to many reservation holders and agreed to transfer $1K towards non FS. Now they retracted. Of course they are legally right to do that. The order agreement clearly states it’s non refundable, but there is an also a valid reason why this thread exists!!

 

[CarMan ElecTruck]

This issue was bound to happen.. Tesla does not want to risk losing any profit.. so how do they moderate the transition from Foundation to Regular trucks??

I see the potential for a lot of people ordering FS and then being upset that the non-FS are available a week later after their delivery…

Slippery situation..

$0.02

 

[Coagulation]

Almost all new cars lose value pretty rapidly, right at first. But 50% is not based on anything. Let's say the anticipated pricing happens, $79,990 for Dual and $99,990 for Cyberbeast. And that's without FSD, all weather mats and the other goodies. Basically, at best, you could buy a Cyberbeast with FSD and some of the goodies for $110K new. That would be only $10K less than they are currently selling for. No way would a lightly used Cyberbeast with all the goodies sell for $60K (50% of the current price).

It's a BS analysis.

If a cyberbeast went for $60k, I’d buy two.

 

[GatorCyber]

Tesla basically just told me to either take delivery of a foundation series truck or lose $1000 dollars and place a new order for a non foundation series truck when it comes out.

Is tesla in the right here?

you made a non-refundable deposit to purchase a vehicle.

 

[BornToFly]

"BS analysis"? It is inevitable that these FS Cybertrucks will indeed sell for 50% or less than the purchase price in a few years. In March, I bought a 2018 Model X 100D from Tesla (1 yr or 10K miles warranty) for $41K. It had 49K miles on the ODO, all possible options plus FSD. That vehicle originally cost over $150K and it looks, feels and drives almost like a new Model X.

IMHO, the Cyberbeast has less real world utility than a 6 seat Model X and I'm actually happy that Tesla decided to strap a $50K price gouge on the FS Cybertruck. Now, when I see one drive by I think thank god I'm not strapped with that over priced monstrosity as my daily driver. Of course I think the person who originally bought my X was foolish too but as they say, a fool and his money are soon parted ...

We have an X, S, Y and 3. The CT drives MUCH, MUCH better than the X. It isn't even close. In fact, the X is the Tesla I like the least. My wife prefers being a passenger in the CT over any other vehicle because the ride is so smooth and quiet, and there is so much room. And the truck feels smaller and much more nimble than the X. The CT is so fun it is my favorite daily driver, and I've mainly owned sporty cars my entire life (I hate all other trucks and would never buy one).

 

[SSonnentag]

We have an X, S, Y and 3. The CT drives MUCH, MUCH better than the X. It isn't even close. In fact, the X is the Tesla I like the least. My wife prefers being a passenger in the CT over any other vehicle because the ride is so smooth and quiet, and there is so much room. And the truck feels smaller and much more nimble than the X.

I completely agree with you. We've had an S, X, Y and now the CT. The X is by far the worst driver. The CT has the most comfortable ride and is the quietest.

 

[GatorCyber]

I completely agree with you. We've had an S, X, Y and now the CT. The X is by far the worst driver. The CT has the most comfortable ride and is the quietest.

How is the CT a better ride than an X?
My X feels like a little sports car after floating around in the CT

 

[SSonnentag]

How is the CT a better ride than an X?
My X feels like a little sports car after floating around in the CT

To my aging bones, soft and squishy with minimal jarring is comfortable. I like the floaty aspect. The CT is definitely not sporty when it comes to cornering.

I suspect Tesla will stiffen up the ride with some future CT iteration. Most people don't appreciate the float.

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