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Tesla opens the Model 3 reservation floodgates

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Re: Tesla opens the Model 3 reservation floodgates

#21
post #3
post #2

Tesla has had an extremely difficult time ramping up production of the Model 3. Hopefully they to to 700 cars a day this week. However, getting to the 10,000 cars a week (another doubling) seems impossible unless they add another factory.

Adding other tents are probably easy, the hard part is slashing the cost of manufacturing to be profitable with $35000/car

The tents are very manual and not efficient:

https://www.rt.com/business/431118-tesla-tent-outdated-manuf...

Re: Tesla opens the Model 3 reservation floodgates

#22
post #6

Last I read, Tesla is holding $985MM in customer deposits. [1] Now they are asking for, I'm assuming, full payment for cars starting at $48,000. However, the soonest one can be delivered is in "two to four months" and that's only for the trim that starts at $64,000. Plus there are now quite a few options costing in the thousands. For every 10,000 customers that place an order of the, likely, several hundred thousand…

> Now they are asking for, I'm assuming, full payment for cars starting at $48,000 A quick searched reveled that the final payment is due at delivery, or shortly before deilivery [1]. When you finalize configuration, Tesla asks you for a $2500 non refundable deposit (although I have heard that they refund it in some circumstances as a matter of goodwill). This deposit is the same for all models even the Model 3, as s…

According to CNBC:

> Those reservation holders must pay an additional $2,500 to turn their reservations into an order, at which point the original $1,000 deposit goes toward the overall payment for the car. Buyers can cancel their orders within three days for a full refund, the company confirmed, but after that their money is Tesla’s for good.

https://www.cnbc.com/2018/06/28/tesla-model-3-orders-cost-25...

Re: Tesla opens the Model 3 reservation floodgates

#23
post #6

Last I read, Tesla is holding $985MM in customer deposits. [1] Now they are asking for, I'm assuming, full payment for cars starting at $48,000. However, the soonest one can be delivered is in "two to four months" and that's only for the trim that starts at $64,000. Plus there are now quite a few options costing in the thousands. For every 10,000 customers that place an order of the, likely, several hundred thousand…

They say that cars will be delivered in 2 to 4 months. Also ordering costs $2500.

I thought it is common to pay full amount upfront upon ordering cars, then wait a month or two for actual delivery.

Re: Tesla opens the Model 3 reservation floodgates

#24
post #23
post #6

Last I read, Tesla is holding $985MM in customer deposits. [1] Now they are asking for, I'm assuming, full payment for cars starting at $48,000. However, the soonest one can be delivered is in "two to four months" and that's only for the trim that starts at $64,000. Plus there are now quite a few options costing in the thousands. For every 10,000 customers that place an order of the, likely, several hundred thousand…

They say that cars will be delivered in 2 to 4 months. Also ordering costs $2500. I thought it is common to pay full amount upfront upon ordering cars, then wait a month or two for actual delivery.

It depends on the place/country, regarding the payment.

Regarding the delivery, there's two aspects: the first one is that delivery can take even more, even for regular cars. The second one is that I wouldn't be too confident as a Tesla customer, that I'll get the car in 2 to 4 months. 6+ months seems more realistic, based on their track record.

All-in-all, if you really like the car, it doesn't seem a blocker.

Re: Tesla opens the Model 3 reservation floodgates

#25
post #23
post #6

Last I read, Tesla is holding $985MM in customer deposits. [1] Now they are asking for, I'm assuming, full payment for cars starting at $48,000. However, the soonest one can be delivered is in "two to four months" and that's only for the trim that starts at $64,000. Plus there are now quite a few options costing in the thousands. For every 10,000 customers that place an order of the, likely, several hundred thousand…

They say that cars will be delivered in 2 to 4 months. Also ordering costs $2500. I thought it is common to pay full amount upfront upon ordering cars, then wait a month or two for actual delivery.

It is, with the proviso that it's rare for Americans to order a car before it's made -- we mostly buy them "off the lot". Tesla is unusual in that regard.

Re: Tesla opens the Model 3 reservation floodgates

#26
post #23

Earlier quoted context omitted.

They say that cars will be delivered in 2 to 4 months. Also ordering costs $2500. I thought it is common to pay full amount upfront upon ordering cars, then wait a month or two for actual delivery.

It is, with the proviso that it's rare for Americans to order a car before it's made -- we mostly buy them "off the lot". Tesla is unusual in that regard.

As a former car salesperson, I can tell you that, in the state of Virginia, car sales contracts are not valid until the customer has physically taken possession of the vehicle. As a result, we were always very reticent to sell a car "off the truck". Customers would swear up and down that they'll definitely follow through but, most of the time, they'd just never come to pick up the vehicle and we'd be stuck trying to unwind a contract. I'm sure this is common in a lot of states.

Re: Tesla opens the Model 3 reservation floodgates

#27
I think Tesla should offer a public bond on some kind of block chain that can earn interest and go towards a car automatically in 2-3 years. Effectively using an ICO for something with actual value. The point being you can sell your place in the queue (should your circumstances change) and also provide you with a secure saving scheme. Just a thought!

Re: Tesla opens the Model 3 reservation floodgates

#28
post #21
post #3

Earlier quoted context omitted.

Adding other tents are probably easy, the hard part is slashing the cost of manufacturing to be profitable with $35000/car

The tents are very manual and not efficient: https://www.rt.com/business/431118-tesla-tent-outdated-manuf...

I am pretty sure the few random bits and pieces we see from the production do not deliver an accurate picture how production in the tent runs, especially I have seen at least one picture showing Tesla to set up robots along the tent production line.

Re: Tesla opens the Model 3 reservation floodgates

#29

I think Tesla should offer a public bond on some kind of block chain that can earn interest and go towards a car automatically in 2-3 years. Effectively using an ICO for something with actual value. The point being you can sell your place in the queue (should your circumstances change) and also provide you with a secure saving scheme. Just a thought!

What would the blockchain offer that you can't do actually ?

AFAIK, you can buy bonds, buy a Tesla reservation, and sell this reservation without the blockchain.

Re: Tesla opens the Model 3 reservation floodgates

#30
post #9

Earlier quoted context omitted.

I'm curious as to why you would be reluctant to buy a car assembled "in the open" ? Would you be afraid to drive it outside too ?

Because certain parts should not be exposed to the outside until assembled or they need to be cleaned again. You want clean welding joints and seems where you glue things together. Certain glues or compounds don't work well in certain temperatures/humidities, you want a controlled environment.

I'm sure that the guys there are not that stupid. You can weld "in the open". Just have to make sure that there are not big air flows
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