http://www.teslamotors.com/about/press/releases/tesla-improves-financing-product-best-resale-value-guarantee-and-lower-monthly-
While this is "just a math" announcement, it's a pretty clear "we listened, and we're updating to address concerns" with a very quick turnaround in response to criticisms. Lots of TMC chatter on the calculator being "too aggressive", for example, and they've attempted to deal with that swiftly. Whether it's exciting or not, credit is due for being responsive and fast in doing so.
I agree. I'm not sure if Elon has just gotten back in the driver's seat or if the company is finally catching their breath, but they've been knocking the ball out of the park lately.
We all know this, but it's nice to see: ' Tesla has delivered almost 10,000 electric vehicles to customers in 31 countries.'
Well to go to 72 months the down payment goes to 15% from what I can tell from their website. Still not really all that impressive if you ask me. Tesla would do better if it could financially afford it's own in house financing arm. Jeff
Announcement to begin in ~2 minutes http://ir.teslamotors.com/eventdetail.cfm?EventID=129544 (Music on hold)
CNBC just reported the change….I hope Elon has more good news…this alone could have been just a press release IMO.
"...and with that, I'll turn the call over to Tesla Motors CEO, Elon Musk." ""Um. uh. eh. um. eh. Um. And. Um. Eh. . . . etc." Elon is great BUT . . . . I wish Elon would get some coaching on public speaking. He insists on perfection in the cars, in the factory, in the experience of ownership, but then when he opens his mouth, it's stammering, bumpy speech that is not clear, commanding, confidence, and smooth. He really needs to polish his presentation. It's getting old.
Guaranteeing residual value to be at least as good as the best residual value of any other large luxury sedan is a Heck of a lot better than comparing to the worst. And setting the defaults to only take into account the gas savings and not the others is very welcome to this stock holder/fan/owner.