Teslas roadsters reservation agreement

[u/This_Maintenance9095]

[u/Shenanigans99]

Yeah the people who pre-ordered their roadsters 9 years ago are also still waiting. 😂

[u/Nessie_of_the_Loch → u/Shenanigans99]

50K down at that.

[u/pasaroanth → u/Nessie_of_the_Loch]

If you instead put $50k into VOO (an ETF that follows the S&P) 9 years ago, it would be worth around $150,000 right now. Instead, people gave to Elon for vaporware.

[u/malou_pitawawa → u/pasaroanth]

Call it an investment into Tesla with extra steps

[u/CicadaSecure526 → u/malou_pitawawa]

If you had actually invested that $50k into TSLA though...$750k now? Something like that?

[u/pasaroanth → u/CicadaSecure526]

And if you had invested $50k in Nvidia at that point you’d have $2.36 million.

In any case, I’m not sure what advantage at all anyone would see in tying up $50k for a car that may never exist outside of highly engineered promos like we just saw.

[u/TehBazz]

Post this to the Tesla sub and they’ll tell you how daddy Elon is saving the human race and tell you how dumb redditors are for listening to the propaganda making Elon and Tesla look bad

[u/Low-Possibility-7060 → u/TehBazz]

They are just a cult at this point

[u/boxjellyfishing → u/Low-Possibility-7060]

Or more likely, mostly bots.

[u/twelfthfantasy → u/boxjellyfishing]

Bot cult

[u/PaddleMonkey]

You are giving them money for something that may not even exist.

[u/Hmmark1984]

Honestly, at this point anyone who gives Elon their money deserves whatever they get, or more aptly don't get. People who pre ordered the first roadster or whatever it was called are still waiting and surely people can't have forgotten just how much they promised about the cyber truck and how little they actually delivered.

If anyone thinks they're actually going to deliver on a "flying" sports car, they're either an idiot or insane.

[u/jstasir]

It’s crazy that they include this and even more that people are filling to fork all that money for a down payment, a car that they might not even get or even be close to what it looks like. Reminds me of the ones who order the CT that was supposed to be a lower price and never received it lol.

[u/anh86 → u/jstasir]

The CyberTruck was supposed to be $39k 😂😂😂😂😂😂😂😂

[u/Paco103 → u/anh86]

Yeah and at that price I could look past how ugly it is

[u/FlatPineappleSociety]

[u/Available-Show-2393 → u/FlatPineappleSociety]

He really wants to make sure people know hes sending his whole heart to them

How sweet

[u/CunningBear]

They deserve to lose their money.

[u/WaffleHouseGladiator]

IIRC there's some kind of tax advantage to holding on to deposits indefinitely, but I can't recall specifics.

[u/Thunder_Will → u/WaffleHouseGladiator]

Until the company has shipped the product and fulfilled their part of the contract, it's not counted as revenue and therefore not taxable.

It's literally free financing for the company

[u/WaffleHouseGladiator → u/Thunder_Will]

I think that's what companies do with unspent gift card balances.

[u/Thunder_Will → u/WaffleHouseGladiator]

Exactly, and gift card balance holders are incredibly low on the priority list of creditors when a company goes bust

[u/WaffleHouseGladiator → u/Thunder_Will]

I recall where I heard about this scheme.  Chubby Electron Dude has a video about it.

https://youtu.be/Ym7YwFq8ZuM

[u/MithrilHuman → u/WaffleHouseGladiator]

On top of tax advantage, it's also an interest free loan. That $50k from 2017 roadster would've been worth $150k with S&P 500 index funds, and $850k if you invested in Tesla stock instead.

[u/Jolly_Ad2446]

why would anyone buy that crap? 

[u/Witty_Name_420]

That’s on you for trusting anything out of Elmo’s mouth.

[u/Imrik_Dragonfire]

Star citizen but for cars.

[u/Nick_XL → u/Imrik_Dragonfire]

He calls it SpaceX

(I'm mostly kidding tho, there's a lot of smart people at SpaceX doing cool stuff)

[u/twelfthfantasy → u/Nick_XL]

Yeah, SpaceX works most of the time because he's not really directly involved with it

[u/Rudhelm → u/Imrik_Dragonfire]

Not really tho.

[u/srslydudebros]

Cash flow for vaporware.

[u/gc1]

I do Nazi what could go wrong

[u/Drapausa]

I hope you are making fun of this and are not actually wanting to buy it.

[u/vctrmldrw]

Yeah it's no better than a Kickstarter. And slightly less likely to ever exist.

[u/MithrilHuman]

Infuriating to whom, Elon fannies? This was pretty much expected from the 2017 Roadster, the Mars base, the full self driving promises...

[u/Nice_Marmot_54]

I really don’t see the problem here. That’s how every pre-order ever has worked and, if you’ve paid even 2 seconds of attention to Tesla over the last decade+, them promising vaporware so that morons will give them cash for fake products is kind of their whole deal.

[u/AhhhSkrrrtSkrrrt → u/Nice_Marmot_54]

Have they ever not delivered on a preorder?

[u/Nice_Marmot_54 → u/AhhhSkrrrtSkrrrt]

Well, it’s been 9 years since they started taking pre-orders for the Roadster, so arguably they haven’t deliver that. Guess it depends on whether you define them still saying they’re totally gonna deliver it a decade later as a failure to deliver or the world’s slowest pre-order.

Full Self Driving still has yet to be delivered in any form other than name (FSD is neither “full” nor entirely “self” driving), and all of the people who paid $10K to get it on the promise that it would work on older hardware will never get it since Tesla finally admitted that the older hardware doesn’t have the compute power necessary for level 3 self driving.

I could keep going on about Tesla’s awful track record of outlandish over-promising and underdelivering, but I won’t

[u/mindless_blaze]

Is it a nonrefundable deposit? And how much?

[u/Flipslips → u/mindless_blaze]

It’s refundable. Deposit is different per trim. 50k deposit base, 250k deposit thrust, 500k deposit rocket

[u/Dino_Spaceman → u/Flipslips]

Wait $250mm is not the final price?

[u/Flipslips → u/Dino_Spaceman]

Mm?

[u/Dino_Spaceman → u/Flipslips]

You say $250mm deposit. So is that the remainder of the cost of the car or is that a second deposit with the remainder on delivery?

Edit: stupid brain. $250m. Not mm

[u/plz-no-b4n → u/Dino_Spaceman]

$250k deposit, not $250mm, lmao

[u/Dino_Spaceman → u/plz-no-b4n]

Crap. Yah. Sorry my brain was in millions mode from work. Doh!

[u/EmilioMolesteves]

Even if you got it, where would you fly it for the 30 seconds it can fly? You aren't going to be helicoptering in to work.

[u/Cepheus7 → u/EmilioMolesteves]

Its the same as owning any other car that can do 250mph+. You will never ever do that speed.
Its not about actually doing it. Its about owning a car that can.

(Notwithstanding that the rocket version of this car will never see a public street)

[u/dnuohxof-2]

Well, I mean, this is for stupid people. Only stupid people would preorder a toy car from musk.

[u/funny_username42 → u/dnuohxof-2]

With that said, I think this would probably be written in every car manufacturer's concept car preorder contract, even if the car is not as unhinged as this new Roadster.

[u/plz-no-b4n → u/funny_username42]

Yeah, but nobody else is taking pre orders for a concept car

[u/ARAR1]

Its so weird that anyone would want to make any deal with fElon

[u/GalaganCoffee]

I hope the coma was a nice coma

[u/deff006]

Anyone who actually pays for this deserves to lose their money.

[u/No-Rip-9573]

Why do you buy a nazimobile in the first place?

[u/Dino_Spaceman]

I would wait to see how much of what was shown actually makes the final delivery vehicle before giving him any money.

But that’s me and I think anyone throwing $250m into the ether for some future delivery at an indeterminate period of time lives in a tax bracket so different than my own I can’t really get their mindset. And I’m absolutely in the upper range of wealth.

[u/sicilian504]

Musk doing Musk things. Such a fraud. But I have zero sympathy for the people who fall for this. If they haven't learned by now 🤷🏻‍♂️

[u/No-Sherbert-6853]

Those things have one purpose… to be used on Mars if Elon’s plans ever come to fruition.

Spaceship style propulsion (basic explanation, I know) on a planet with 38% of Earth’s gravity makes a lot of sense. Letting the average modern human use one on earth is stupid as shit.

[u/L1A1 → u/No-Sherbert-6853]

It was a special effects prop to fluff the share price, nothing more. It’s as much a working car as the Taj Mahal.

[u/Dino_Spaceman → u/No-Sherbert-6853]

It’s not a mars car. You would build something with more utility and ground clearance for that.

This is a James Bond hyper car and that’s it.

[u/Ambitious_Hand_2861 → u/No-Sherbert-6853]

You know what would be more useful that puff piece? Helicopter blades. That car will never work and that's IF it ever gets built, which it won't.