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Anecdotal evidence that people are not giving up reservations

Discussion in 'Model 3' started by Superskillz, Jul 28, 2018.

  1. Superskillz

    Superskillz Member

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    A friend of mine has been waiting on the Model 3 since the early days. He is waiting for the standard battery and will be giving up a BMW 3 series for it. But...he had never actually driven a Model 3.

    I let him drive my Model 3 yesterday to see his reaction and he was even more psyched for his new car -- especially wow'd by autopilot of course. He's waiting because the standard battery will be more in his price range and he doesn't need the long range, but one thing I know for sure is that he's not canceling his reservation for his $1k deposit.

    Any other anecdotes that excitement is still there?
     
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  2. tashtibet

    tashtibet Member

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    I doubt Tesla will make model 3. Expert auto manufacturers say Tesla will lose $3500.00 on each car if model 3 is build-Tesla has to make money badly
     
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  3. Msjulie

    Msjulie Member

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  4. Darscot

    Darscot Member

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    I think people are giving up the reservation. Now that they have dropped the reserve I wouldn’t sit on it. Delivery at this point is going to be 90% logistics. It might get you a few days ahead of other people that order the same day and are in the same area. The 35k config is going to be on the website available to all as soon as production starts. The reserves has nothing to do with sales all that matters is orders.
     
    • Informative x 1
  5. Chopr147

    Chopr147 Active Member

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    I saw that article showing 50% Model 3 reservations being cancelled. I don't remember where from so no attachment. But to me , in my opinion I think many are cancelled for the model S.
     
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  6. chronopc

    chronopc Active Member

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    Be careful what you read in articles. There is a lot of misinformation about Tesla out there. I'm curious to see how many people are cancelling their reservation. If someone is waiting for the SR, and don't want to spend more than $35k, there really isn't any alternative on the market right now that's at that price. If people could afford a Model S I think they would consider getting a LR Model 3.
     
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  7. Chopr147

    Chopr147 Active Member

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    True but here on TMC I have read several that bought a CPO instead of the 3. Personally I reserved thinking after a 3 year lease I would get the 3. But i'm sticking with the S. I just like the bigger car
     
  8. Xenoilphobe

    Xenoilphobe Active Member

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    We now have 9 Model 3's in my neighborhood here in Virginia, I swear every week I see another one, they continue to out number the S's.
     
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  9. dgpcolorado

    dgpcolorado high altitude member

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    #9 dgpcolorado, Jul 29, 2018
    Last edited: Jul 29, 2018
    Much the same for me. I'm keeping my CPO S, even though it is about to go out of warranty (I've put 48k miles on it). I've been keeping my 3 reservation to keep my options open but now that anyone in NA can order, it serves no useful purpose. There are some things about the 3 that I just don't like as much as the S.
     
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  10. commasign

    commasign Tesla Superfan

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    Model 3 is quickly becoming the next “Prius” in my area. Seeing more and more every day.
     
  11. Dana1

    Dana1 Member

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    Margin is always lower for less expensive cars because the fixed cost allocation is a higher proportion of sales price.
    Costs has several components: Materials cost, Labor cost, and Overhead. Overhead is commonly applied as a factor of Labor Cost. Example, a widget takes one hour of labor for a person making $15/hr. The material (rubber, plastic, whatever) costs $5. The Overhead is 1.2 times the cost of labor= $18. The standard cost of the widget is $38. You decide your margin will be 10%. You sell widget for $41.80. If people really like pink widgets and can sell those for $43...yippee. The analogy for Tesla is color. I paid $1500 for red. If black paint costs $500 and red multi coat costs $750, Tesla has made a $1250 pure margin improvement. (I have no idea how much paint costs, numbers for illustration only). $500 of the red paint cost would be spent no matter what. They were able to charge me more for red than it costs them and they didn’t have any increase in labor and overhead.
     
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  12. BerTX

    BerTX Active Member

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    Wow, I could have written those exact words. Just got the check for the deposit cancellation. I don't care for the M3 dash look -- I guess I'm old. We will reserve / deposit on the MY when it is revealed in hopes that it will have towing capability (or, rather, permission) and a better dash design, but I doubt it will happen.
     
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  13. M109Rider

    M109Rider Member

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    I’m not sure what data the experts you’re referring to used to determine that. If they’re competition, or short sellers, you may to take their opinion with a grain of salt. ...

    Munro did a tear down, and determined the car makes more profit than any other EV car.
    LR model is 30% profitable for them.
    I believe he said the SR model will be 18%.

    Looks good to him, and that’s what they do ??
     
  14. mspohr

    mspohr Active Member

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    I stopped at the Rocklin Service Center today to charge and the showroom was jammed with people ordering cars. (Sunday morning)
    I presume that these are all new orders, not people who had placed a deposit since they would just order online.
     
  15. ModelNforNerd

    ModelNforNerd Active Member

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    They're gonna go bankwupt then......they're delivering almost 10,000/month by now. SELL SELL SELL!!!!

    :rolleyes::rolleyes::rolleyes::rolleyes:
     
  16. chronopc

    chronopc Active Member

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    "Experts" have been saying that Tesla will be bankrupt for years.
     
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  17. Trevor B

    Trevor B Member

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    Anecodotes don't mean much, facts do ... Iots more counter examples that show people canceling the reservations (1 in 4 is the "official" estimate)
     
    • Disagree x 1
  18. Runt8

    Runt8 Active Member

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    Where did Tesla say that 25% of people were canceling?
     
  19. mspohr

    mspohr Active Member

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    bankwupt soon
     
  20. M109Rider

    M109Rider Member

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    Where is the official data coming from ?
     
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