Time to end the Foundation series.

[DumpsterFire]

Per Tesla's mission statement it is not about how much money they make. They are all about getting EVs to the masses. Do they need to make enough money to stay afloat and to gap any unforseen obstacles, yes.
But they are not out to gouge people who want to buy an EV.
So, I don't think they are trying to make as much money as they can. Right now, I think they are trying to cover costs and get through the CyberTruck ramp.

Yes but I believe that most publicly traded companies mission statements are complete BS.

look at the major healthcare product manufacturer’s mission statements. It’s all “patients first! Patients first!!” Laughable. Anyone that’s in the healthcare knows this.

it’s a load of shit. Maximizing profits will always be first and foremost for any company that has to answer to shareholders.

Tesla may talk a good game but…..

that being said. They do make a fun truck! ??

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[Jhodgesatmb]

Why would they stop with the FS? Clearly people are clamoring for and buying them.

Tesla is a for profit, publically traded company beholden to shareholders. They don’t care about your feelings or rewarding your patience for waiting. They are interested in only one thing. Making money.

Stopping with the FS right now would be leaving money on the table. I don’t think the shareholders would be stoked about that….

Shareholders are not stoked right now at all :-(

 

[FutureTruck]

Per Tesla's mission statement it is not about how much money they make. They are all about getting EVs to the masses. Do they need to make enough money to stay afloat and to gap any unforseen obstacles, yes.
But they are not out to gouge people who want to buy an EV.
So, I don't think they are trying to make as much money as they can. Right now, I think they are trying to cover costs and get through the CyberTruck ramp.

Does not seem that way.
$40k truck is now $100k and the only way to get one is to pay a premium, does not sound like a strategy to get EVs to the masses.
I am glad they are doing it this way through stock holder so I don't have to wait until 2027 but lets be real, money talks and Tesla is listening.

 

[Jhodgesatmb]

Does not seem that way.
$40k truck is now $100k and the only way to get one is to pay a premium, does not sound like a strategy to get EVs to the masses.
I am glad they are doing it this way through stock holder so I don't have to wait until 2027 but lets be real, money talks and Tesla is listening.

Money talks TO YOU, not necessarily to everyone. Your statement only tells the world what is important to you. But that was already pretty obvious.

 

[Amuma]

is a tech and a car so it takes double depreciation. No one wants a rare 1990 Laser Disc player for example. 2026 Cybertruck will be better than Foundation Series. 2027 CT will have row down back window, probably even folding mid-gate, and more range. By then, no one will care about a 2024 FS CT.

I doubt they will have a refresh by 2027, no reason too maybe bigger battery for a premium. So 2024 will keep it's normal value like any other highly sought after vehicle in normal quantities. I'm not counting the 20k because I see value in fsd now. So I would have been paying 12k+ on top of 80k so 92k or 100k is meh to me. Plus I get my truck now.

 

[Jhodgesatmb]

If they offer a non-FS truck before I get a delivery notice on my FS, then I will cancel my order. I imagine there's a ton of people who would do the same, it would be a slap in the face and a quick way for Tesla to lose millions of dollars.

I don't think they can start non-FS orders, until all FS have been delivered. Based on how many people are waiting and Tesla's own delivery estimates, which they are behind on currently, that will be "late 2024."

I am not sure that you can cancel the order without forking over everything you have given them to date. But that might be worth your while. For me, the monetary difference between the FS and Non-FS is pretty small (~$5,000) so giving up the deposits would not be worthwhile. Of course, I say this from the vantage point of someone with a reservation number and not an order, but I do believe that I would remain consistent on this.

 

[Cybertruck2024]

I am not sure that you can cancel the order without forking over everything you have given them to date. But that might be worth your while. For me, the monetary difference between the FS and Non-FS is pretty small (~$5,000) so giving up the deposits would not be worthwhile. Of course, I say this from the vantage point of someone with a reservation number and not an order, but I do believe that I would remain consistent on this.

To lose $1k to then save $20k would be fine. Especially since others have successfully moved their $1k deposit from FS to Non-FS when reaching out to Tesla, I don't think there would be a loss.

Even if I'd buy some or all of the FS upgrades, I like the idea of being able to make the choice. The bundle isn't providing a discount on the extras, you're just getting what you pay for (or for AWD getting a little less than you pay for). I just couldn't justify spending $20k more on a vehicle that I know someone else taking simultaneously delivery is paying $20k less. It's one of the main reasons I went with the Beast over AWD, it's not eligible for a $7,500 tax rebate even when FS goes away, so I don't feel like I'm getting fleeced.

AWD you don't get the $4k installation credit + light bar. Buyers of non-FS get a $7,500 tax credit. So even if you value all the other stuff they are putting in the FS as $15k, that still means you're paying $12,500 more than non-FS for the benefit of early delivery. Take away that early delivery benefit, why the hell would someone pay for the FS?

 

[carsly]

Tesla could always do what they did with the Plaids, drop them at $140K without any extra accessories, FSD or badging and then cut the price when demand at that price softened.

Then cut it again. Then cut it again. Then cut it again.

Of course, this destroys resale values fast and really upsets those early adopters who paid $140K for what is now a $90-100K vehicle.

So instead Tesla listened to all of you and opted to narrow the spread from $40K to $20K and offer some inducement/sources of value to compensate for the planned price decreases - which they disclosed to all of us upfront.

Now everyone is in arms again because instead of getting nothing for an extra $40K other than the ability to yell "First!" the premium is only half as large - against a much larger waiting list mind you - and you're being offered some value back against your hard-earned dollars.

Not sure what you all expect to happen. Maybe Tesla should have priced them at $150K to start, ignored the Foundation Series, and screwed everyone again. Sounds like that would have made all of you happy.

 

[DumpsterFire]

Shareholders are not stoked right now at all :-(

Indeed!

 

[dLux]

Yes but I believe that most publicly traded companies mission statements are complete BS.

Not true. Elon has a mission, he is very vocal about it and Tesla has a big role in it. Also, I worked for Google before and the Google mission was very good.

But besides that, each company has to survive and they survive by expansion and being profitable in long term.

I doubt they will have a refresh by 2027, no reason too maybe bigger battery for a premium. So 2024 will keep it's normal value like any other highly sought after vehicle in normal quantities. I'm not counting the 20k because I see value in fsd now. So I would have been paying 12k+ on top of 80k so 92k or 100k is meh to me. Plus I get my truck now.

Probably the FSD is going to worth exactly $0 when you want to sell the truck in 2027. I was trying to sell my 2019 Model X and the best offer was $10k below the loan amount. Carmax and Tesla was even $5k lower than that. If you don't want to lose money, you should not get the FS.

 

[rudedawg78]

The CT shown here in Sarasota is NOT a foundation series, so they are even making them already,

The non-FS Cybertruck you spotted in Sarasota could very well be one of the dozens of production test models that we seen cruising around before the FS hit the street. I seriously doubt Tesla has started to make any new non-FS trucks yet. I really wish they would as I am one of the many itching to buy a non-FS.

 

[FutureTruck]

Tesla could always do what they did with the Plaids, drop them at $140K without any extra accessories, FSD or badging and then cut the price when demand at that price softened.

Then cut it again. Then cut it again. Then cut it again.

Of course, this destroys resale values fast and really upsets those early adopters who paid $140K for what is now a $90-100K vehicle.

So instead Tesla listened to all of you and opted to narrow the spread from $40K to $20K and offer some inducement/sources of value to compensate for the planned price decreases - which they disclosed to all of us upfront.

Now everyone is in arms again because instead of getting nothing for an extra $40K other than the ability to yell "First!" the premium is only half as large - against a much larger waiting list mind you - and you're being offered some value back against your hard-earned dollars.

Not sure what you all expect to happen. Maybe Tesla should have priced them at $150K to start, ignored the Foundation Series, and screwed everyone again. Sounds like that would have made all of you happy.

Resale value is already gone, aftermarket went crazy and burned out fast when Tesla didn't do anything about the reselling.

 

[DECO]

It seems like they’re still inviting reservation holders for the FS. My guess is this will likely continue into the new year. If there’s a demand for it they have no reason to stop offering it.

Currently on the Cybertruck order page it states deliveries of non-FS in 2024

 

[DECO]

Currently on the Cybertruck order page it states deliveries of non-FS in 2024

Sorry, just checked it again after my post, now it’s been updated to 2025.

 

[themuleman]

It's time for Tesla to do the right thing for its Foundation owners and those of us been waiting 4 plus years, STOP the Foundation Series, those who paid the premium for the Foundation should be rewarded with a truly limited and rare CT, and those of us waiting 4.5 years and need to have a sub 80k option should be able to take delivery. The CT shown here in Sarasota is NOT a foundation series, so they are even making them already, just STOP and make the Foundation Series rare and let the rest of us experience the CT.

Some of us who configured an AWD foundation series are still waiting for VIN numbers. It’s frustrating when we put in our configuration they estimated January to March delivery. Here we are in April. So you aren’t alone in your frustration.

RN 11283xxx config 1/18

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