Canceling orders or Delaying purchasers

[jrwaters1]

How many people have cancelled or delayed Tesla orders based on current economic conditions?

Cash is more valuable than ever. Money placed in the market at or near a low could equate to a free car later on. You could also end up with no money and no car.

 

[whitex]

Lol. Knowing where "at or near low" is would be like knowing tomorrow's lottery numbers, or future game scores, or furure elections results - basically knowing the future can definitely make you a lot of cash.

 

[Cheburashka]

Lol. Knowing where "at or near low" is would be like knowing tomorrow's lottery numbers, or future game scores, or furure elections results - basically knowing the future can definitely make you a lot of cash.

Exactly what I was thinking.

When will we be at or near low?

 

[jrwaters1]

Just wondering if this is having any effect on orders.
If I was ordering primary transportation, it probable would not but if my truck toy came in right now, I would delay delivery.
It is a good bet that sometimes in my lifetime the market will be higher than today and it may be lower tomorrow. That is why it is so much fun.

 

[whitex]

Just wondering if this is having any effect on orders.
If I was ordering primary transportation, it probable would not but if my truck toy came in right now, I would delay delivery.
It is a good bet that sometimes in my lifetime the market will be higher than today and it may be lower tomorrow. That is why it is so much fun.

What you're asking is whether anyone would prefer to gamble with their money on the stock market rather than buy a Tesla (you're hoping for a free car out of car size investment, so a 100% return, which is well into gambling unless you're talking delaying your car by a decade or more). Volatile stock market is definitely a good opportunity for gambling, so I guess it depends whether you prefer to spend your money on a Tesla or gambling - that is purely a personal preference.

Btw, if you really know where the market will bottom out, you can leverage yourself, mortgage your house, etc, and make tons of money while still driving a Tesla.

 

[jrwaters1]

My only question was:
How many people have cancelled or delayed Tesla orders based on current economic conditions?

I know well what you can do in the market. It has been my livelihood for the last 20 years and I have made money, drive a Tesla and I didn't mortgage anything. Only a fool would recommend what anyone else should do the market. it is fun to speculate with adults.

 

[Navsarin]

One will lever buy at the ultimate low nor sell at the ultimate high.

If you do play the market these days and take a position, make sure your ok with it heading down further and then some day returning. I usually accept that I’m comfortable at a certain value long term whether it continues to dip or not.
For the short term, oddly it’s been the same trend the last entire month. Monday...absolute carnage after weekend media on covid19, Tuesday partial recovery after oversold Monday, Wednesday mixed, Thursday sell off and Friday partial recovery. And repeat. Overall trend down each week.

Trying to earn a free Tesla with the funds for a Tesla is not at all easy. However with the volatility out there, not saying it’s impossible...just a hell of a risk!

 

[AMPd]

What you're asking is whether anyone would prefer to gamble with their money on the stock market rather than buy a Tesla (you're hoping for a free car out of car size investment, so a 100% return, which is well into gambling unless you're talking delaying your car by a decade or more). Volatile stock market is definitely a good opportunity for gambling, so I guess it depends whether you prefer to spend your money on a Tesla or gambling - that is purely a personal preference.

Btw, if you really know where the market will bottom out, you can leverage yourself, mortgage your house, etc, and make tons of money while still driving a Tesla.

I’m pumping all my cash into the stock market! I’ve been waiting for this collapse 5ever. Hopefully by the time the roadster is out it’ll be paid for via money I make on the rebound.

 

[Altair7]

This will be a brief disruption.

Apple's Tim Cook said almost three weeks ago China was getting Covid19 under control:

Apple CEO Tim Cook: 'It Feels to Me China is Getting Coronavirus Under Control'

Satellite imagery of industrial pollution shows they are getting back to work over there.

The US is better prepared on balance, and has the advantage of being at the tail-end of traditional flu season.

Timing on the market, or perhaps holding out for an incentive from Tesla, will probably require a very small window - and very good luck.

 

[whitex]

This will be a brief disruption.

Apple's Tim Cook said almost three weeks ago China was getting Covid19 under control:

Apple CEO Tim Cook: 'It Feels to Me China is Getting Coronavirus Under Control'

Satellite imagery of industrial pollution shows they are getting back to work over there.

The US is better prepared on balance, and has the advantage of being at the tail-end of traditional flu season.

Timing on the market, or perhaps holding out for an incentive from Tesla, will probably require a very small window - and very good luck.

Nobody knows how long this will last. China has at least temporarily contained it but they also have dictatorial powers that well exceed the democratic government's ability to restrict people's movements, or make pragmatic decisions (sometimes the choice is x deaths or 3x deaths, in the western wold any politician who chooses x over 3x will get crucified for "allowing" x to die, so nothing is done and 3x die, but indecision is not blamed on any particular politician). US is trying the social isolation technique in order to spread out the infection rate over time to avoid overwhelming the healthcare provider system. UK is isolating only the high risk people and hoping the pandemic makes its way through the other 80% of whom not many will need medical help, in the hopes that they develop some herd immunity and stop spreading the disease. It could work for them, or it could end up being a great disaster. The problem is that we don't have sufficient data today in order say which solution will work best. Even the Chinese success in controlling the spread may not last when they relax their restrictions. This is completely unprecedented in modern history, so nobody really knows how it will turn out.

Back to topic at hand, I can see delaying buying a new car now because you have nowhere to drive, and especially with Tesla in 2-3 months you might get a better car for the same money. At the same time, maybe that car today would provide you a great source of joy, as you can do many rides, as that is activity which can be done solo without violating social distancing policies (and enjoying less traffic). I can see some wanting to cancel their order as it would give them more joy playing the volatile stock market too. And yet others will get the most joy out of saving that money (as cash or gold or bonds or whatever) "for the rainy day". It all depends on an individual and how much value they assign to the money and what they could get for it.