Does Tesla Really Have a $35,000 Model?

Discussion in 'Tesla' started by Usle, Apr 25, 2019.

  1. Usle

    Usle Member

    Joined:
    Sep 21, 2018
    315
    133
    0
    Location:
    Me
    Vehicle:
    2018 Prius Prime
    Model:
    Plug-in Advanced
    The bait, a 35,000 model3, the switch, tesla takes a 39,000$ tesla standard plus and limits the battery range, but still no 35,000$ Standard, which was promised, now it's high pressure sales to get the customer to go with the standard plus, or convince tesla to sell you the standard plus with software limitation.
    Bait and switch.
     
  2. markabele

    markabele owner of PiP, then Leaf, then Model 3

    Joined:
    Mar 27, 2012
    5,022
    1,729
    1
    Location:
    Nebraska
    Vehicle:
    2018 Tesla Model 3
    Model:
    N/A
    Can't fix stupid. I give up.
     
    bisco, Zythryn, bwilson4web and 2 others like this.
  3. Trollbait

    Trollbait It's a D&D thing

    Joined:
    Feb 7, 2006
    14,941
    6,730
    0
    Location:
    eastern Pennsylvania
    Vehicle:
    Other Non-Hybrid
    For a small to medium SUV, truck, or van, Toyota charges $1095. Since a Model 3 is heavier than a comparable car of its size, and weight affects fuel used for transport, that might be a more comparable number. Plus, scale of Toyota's logistics allows them get better efficiencies; they probably use more rail than Tesla for example.

    Outside of a few states, and California is one of those few, dealers charge over a $100, and can be multiple hundreds, for documentation fees.
     
  4. el Crucero

    el Crucero Senior Member

    Joined:
    Jun 27, 2015
    1,628
    689
    0
    Location:
    Inland Empire
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Advanced
    Some people will do or say anything for money.
     
  5. golfmk681

    golfmk681 Member

    Joined:
    Aug 7, 2017
    192
    74
    0
    Location:
    los angeles, ca
    Vehicle:
    Other Non-Hybrid
    Model:
    N/A
    I agreed I love the buying experience. No pressure. It was like buying a MacBook Pro at apple and delivery was great. Took 5 mins to sign paper work and I’m done. No upsells, no games, no convincing me to upgrade to this model or that feature. I said I don’t want Autopilot and the guy said, I’ll take that off sir! Love that shit.
     
  6. Usle

    Usle Member

    Joined:
    Sep 21, 2018
    315
    133
    0
    Location:
    Me
    Vehicle:
    2018 Prius Prime
    Model:
    Plug-in Advanced
    Watched the first video, the Tesla in it is a STANDARD PLUS, as I've mentioned, numerous times, Bait and Switch, Tesla took hundreds of thousands of dollars for a product it never intended to make, facts are facts, fud is fud, putting ones head in the ground to ignore facts doesn't make "non facts" facts.

    Are their any service centers open, are any sales centers open, weren't they closed last week, are they open this week, where do you take your tesla for service, or to fix the paint job (a third party)

    But taking my Prime Advanced to a Toyota dealer, (actually, there are three within 1/2 hour of my house and I live in a town of 350 people, on a mountain), is a phone call or an internet moment away, the appointment...the next day.

    Extoling the virtues of Tesla's is one thing, outright lying and shaming others for not drinking the lies is another.

    IMHO, anyone dissing Toyota on a Toyota site must have Toyota envy;)
     
  7. bwilson4web

    bwilson4web i3 and Prime

    Joined:
    Nov 25, 2005
    23,293
    13,120
    0
    Location:
    Huntsville AL with 2014 BMW i3-REx
    Vehicle:
    2017 Prius Prime
    Model:
    Prime Plus
    0999E9C1-9281-4920-8207-05B5A9C464D3.jpeg
    + $2,500 deposit
    + $1,000 sales tax
    ————————-
    $25,177 :; my Model 3 cost

    Your mileage may vary.

    I heard a faint click going both ways between regeneration and acceleration the other day. User reports are that retorqueing some rear axle bolts and an opportunity to lube the axles fixes it right up.

    Currently on vacation, I’ll let you know how the appointment works out when we get back. FYI, no engine oil, air filter or PVC valve changes are anticipated

    Bob Wilson
     
    #27 bwilson4web, May 8, 2019
    Last edited: May 8, 2019
  8. Usle

    Usle Member

    Joined:
    Sep 21, 2018
    315
    133
    0
    Location:
    Me
    Vehicle:
    2018 Prius Prime
    Model:
    Plug-in Advanced

    Really, the videos are of the "standard plus", bait and switch is advertising one model and switching another model, and this is classic bait and switch, and what's funny...Tesla looses thousands on every sale of a standard plus sold as a standard, especially in Alabama.

    Not Earning points toward being an ethical shorter, right....that you don't understand the people that short Tsla are keeping you from losing your house is overwhelming.

    The rest of Tesla's fraud, well, when are the parts suppliers that never got paid in the last half of 2018 going to get paid, right, with stock, which is depreciating every day.
    Fraud...Musk declairing financing in place to go private at 4:20.
    Fraud....Paypal
    Fraud....Gigaplant#2

    Washington D.C., Sept. 27, 2018 —

    The Securities and Exchange Commission today charged Elon Musk, CEO and Chairman of Silicon Valley-based Tesla Inc., with securities fraud for a series of false and misleading tweets about a potential transaction to take Tesla private.

    There are several reasons that Musk would have issued materially false and misleading statements to pump Tesla’s stock price. The first is that he has just a matter of months before Tesla’s convertible bonds mature, and if Tesla stock is below $359.86 on February 27, 2019, Tesla will have to pay bondholders $920M.

    The second reason is that most of Musk’s personal wealth is in the form of Tesla stock, and he’s leveraged his assets. Forbes reported that by the end of 2017, Musk was using 40% of his shares as collateral for cash loans. Based on Tesla’s closing price on December 29, 2017, Musk had pledged $4.29B worth of Tesla stock as collateral for his loans. Here’s the thing about collateral: if the value of the collateral goes down, the lender wants more protection—either in the form of more collateral or cash to maintain the proper margin. On Dec. 29, TSLA stock closed at $311.35; over the course of 2018 so far, it’s been as low as $252.48 (April 2). The downward volatility in Tesla’s stock price probably caused Musk real problems when it came to his personal cash flow as banks became nervous about the risk they had assumed.

    Not only are Musk’s personal assets heavily leveraged, but Tesla’s debt ratio had climbed to 1.97 by the end of Q1 2018. So Musk has heavily leveraged equity in a company that is already deeply indebted.

    Musk has tied his personal fate to Tesla’s stock price, and with the convertible bond maturation date approaching inexorably, the risk to the company itself is not insignificant. Bloomberg said on September 3 that Tesla had about $2.2B cash on hand, so the convertible bond, if Tesla’s stock price doesn’t exceed $359.86, will cost them about half of their cash.
     
  9. bisco

    bisco cookie crumbler

    Joined:
    May 11, 2005
    87,579
    38,992
    0
    Location:
    boston
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    the only question left: why is all of this such a concern for you?
     
  10. el Crucero

    el Crucero Senior Member

    Joined:
    Jun 27, 2015
    1,628
    689
    0
    Location:
    Inland Empire
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Advanced
    Money and greed, at any cost.
     
  11. markabele

    markabele owner of PiP, then Leaf, then Model 3

    Joined:
    Mar 27, 2012
    5,022
    1,729
    1
    Location:
    Nebraska
    Vehicle:
    2018 Tesla Model 3
    Model:
    N/A
    Not gonna reply to this drivel. Doesn't warrant a response. Go hang out with your buddy skabooshka and the other shorters who want to listen to this.
     
  12. bwilson4web

    bwilson4web i3 and Prime

    Joined:
    Nov 25, 2005
    23,293
    13,120
    0
    Location:
    Huntsville AL with 2014 BMW i3-REx
    Vehicle:
    2017 Prius Prime
    Model:
    Prime Plus
    Source: Tesla CEO Elon Musk buying $10 million in new company shares

    In a March 30 note, the ratings agency wrote that the Model 3, Tesla’s lowest-price model, currently sells for an average of $55,000. To increase sales, the price has to drop toward $42,000, and to make enough money to pay the bills, Tesla has targeted a 25% gross profit margin on the Model 3, Moody’s said. Currently gross profits on a $42,000 Model 3 are “materially” below 25%, according to Moody’s.

    “In order to achieve this margin target the company will have to undertake significant reductions in fixed and variable costs associated with the vehicle,” Moody’s wrote. “We expect that it will be a major challenge for Tesla to aggressively increase production/deliveries, shift the product mix toward the $42,000 price level, and simultaneously lower costs enough to achieve the 25% gross margin target.”
    Sounds like my Model 3 purchase, $25,177 was a great bargain. I paid about $10,000 less than $35,000.

    Bob Wilson
     
  13. Usle

    Usle Member

    Joined:
    Sep 21, 2018
    315
    133
    0
    Location:
    Me
    Vehicle:
    2018 Prius Prime
    Model:
    Plug-in Advanced
    I'll assume your paypal linked bank account wasn't locked by Musk like the hundred's of thousands that were locked before ebay bought paypal.
    I rather think that Musk lying to 500,000 people to con them out of 1/2 Billon dollars using switch ane bait is not to be ignored.
     
  14. Usle

    Usle Member

    Joined:
    Sep 21, 2018
    315
    133
    0
    Location:
    Me
    Vehicle:
    2018 Prius Prime
    Model:
    Plug-in Advanced
    Your greed is costing you your money.
     
  15. Usle

    Usle Member

    Joined:
    Sep 21, 2018
    315
    133
    0
    Location:
    Me
    Vehicle:
    2018 Prius Prime
    Model:
    Plug-in Advanced
    Facts matter, got any?
     
  16. bisco

    bisco cookie crumbler

    Joined:
    May 11, 2005
    87,579
    38,992
    0
    Location:
    boston
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    okay, you got burned by PayPal and now consider it your duty to badmouth musk anywhere and everywhere you can? i get it, but you still haven't linked us to musks PayPal follies, so to a neophyte like me, you're just making stuff up for some other reason.
     
  17. bisco

    bisco cookie crumbler

    Joined:
    May 11, 2005
    87,579
    38,992
    0
    Location:
    boston
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    nice article on CNBC regarding how to buy a tesla, and the availability of a $35,000. model.
     
  18. hill

    hill High Fiber Member

    Joined:
    Jun 23, 2005
    16,164
    5,998
    54
    Location:
    South OC So Cal & Nashville, TN
    Vehicle:
    2004 Prius
    Model:
    IV
    They're now $35K & change (35.4?) .... but like buying the cheapest wine at Trader Joe's, Two Buck Chuck is still two bucks, even when it goes up to $2.99 ..... it's got to gaul him no end. Usle might want to consider getting his money back on that Musk voodoo doll It just doesn't seem to be doing the job well.

    .
     
  19. bwilson4web

    bwilson4web i3 and Prime

    Joined:
    Nov 25, 2005
    23,293
    13,120
    0
    Location:
    Huntsville AL with 2014 BMW i3-REx
    Vehicle:
    2017 Prius Prime
    Model:
    Prime Plus
    The best “SHORT squeeze” is TSLA stock at a constant price. Then share a dividend.

    Bob Wilson
     
Loading...