Tesla Demands Extra $2,500 from reservation holders: No Delivery Date Promised

Tesla now wants an extra $2,500 from depositors who plunked down $1,000 to "reserve" a car.

The Tesla joke continues: Tesla Asks Model 3 Reservation Holders for Another $2,500 to Order Their Cars.

  • Would-be Model 3 owners already put down a $1,000 refundable deposit to “reserve” one of Tesla’s Model 3s. 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.
  • Buyers who confirm won't immediately get a specific delivery date, but Tesla's email says delivery could happen "in as soon as 2-4 months." [As soon as 2-4 months or as long as?]
  • The company has not yet manufactured a base-model version of the Model 3, which it has promised to sell for $35,000. Instead, it's produced versions with premium features, such as longer range, a higher top speed and all-wheel drive, which cost between $49,000 and $72,000. [Want a base mode? Good luck with that.]
  • Goldman Sachs is skeptical that Tesla can make good on all of its ambitions near term. This week, the firm issued a note reiterating a sell rating on Tesla's stock, recapping the company's history of missed production goals and noting that investors are beginning to focus not on short-term bursts of vehicle production, but on: sustainable, high volume manufacturing; vehicle profit margins; and whether or not Tesla can get customers to buy its highest-priced cars.

Tax Consequences

Sane Thing

The sane thing to do is cancel the order and demand your money back. That was the first of thousands.

Mike "Mish" Shedlock

Comments (13)
No. 1-13
ZZR600
ZZR600

Be interesting to see if all the money is paid back or if deposits are 'lost'

Zardoz
Zardoz

I asked for mine back about 2 months ago, and got my credit in 3 days.

Brother
Brother

The Fisker is looking up to be better bet lol...keeping a deposit is complete fraud.

Brian1
Brian1

Here's one that was just delivered. Dash looks cheap, compartments don't close, front license plate holder affixed with double-sided tape, etc. Piece of junk:

Snow_Dog
Snow_Dog

Yes, but you get a free “not a flame thrower” tossed into the deal....