How long to get the $50k deposit back?

[phantasms]

Hi all. Has anyone canceled their deposit and if so how long did it take to get the funds wired back to you? Also, when did you do this? Probably the more recent the more relevant.

In short, while I still want this car, I sold 50 TSLA at $1,000 to pay for the deposit. I'm considering getting the cash back to reinvest in TLSA. Hopefully the appreciation of the stock would more than cover the difference in whatever the cost is over the previous $200k base price that I may or may not have locked in.

Much appreciated!

Best,
Gene

 

[zanary]

From what I recall I think it takes about 30 days before you receive the check in the mail.

 

[yerEVan]

It took 90 days to get my extended warranty refund check back when we traded in our X before factory warranty was up.

 

[mswlogo]

It took 90 days to get my extended warranty refund check back when we traded in our X before factory warranty was up.

Once I managed to contact the right folks (which took weeks) it only took like 2 weeks to get a check FedEx’d to me for my warranty cancel. They gave me every dime back too.

 

[zanary]

While we don't know for sure, keep in mind this.

If you put your deposit in when the price was $200K/$250K, then hopefully that may lock in you price, but if you cancel, and the make another reservation in the future, you are making it not knowing what the price may be...

 

[HankLloydRight]

In short, while I still want this car, I sold 50 TSLA at $1,000 to pay for the deposit.

It sounds like you still have plenty of TSLA left. Just borrow $50k on margin to buy more TSLA now, then pay back the margin loan when you get the refund check from Tesla.

You're basically gambling the margin interest rate against the gain or loss in the stock price.

 

[TorqueMonster]

Hi all. Has anyone canceled their deposit and if so how long did it take to get the funds wired back to you? Also, when did you do this? Probably the more recent the more relevant.

In short, while I still want this car, I sold 50 TSLA at $1,000 to pay for the deposit. I'm considering getting the cash back to reinvest in TLSA. Hopefully the appreciation of the stock would more than cover the difference in whatever the cost is over the previous $200k base price that I may or may not have locked in.

Much appreciated!

Best,
Gene

Gene,
Do you think we are 2 years away (or longer)?

Good luck with getting your deposit back for re-invest!

 

[zanary]

I think we are about 12-13 months away.

 

[phantasms]

Gene,
Do you think we are 2 years away (or longer)?

Good luck with getting your deposit back for re-invest!

So hard to say. He did say 2022 was year of growth and then 2023 was year of new products. I think I’m just going to sit on my hands and keep the deposit in. Greed kills.

 

[phantasms]

I think we are about 12-13 months away.

What makes you think that? I see your location. Feel free to PM me insider information. lol

 

[Sporty]

So hard to say. He did say 2022 was year of growth and then 2023 was year of new products. I think I’m just going to sit on my hands and keep the deposit in. Greed kills.

Welcome to the wait. I wish they would drop some news about the car.

 

[whitex]

So hard to say. He did say 2022 was year of growth and then 2023 was year of new products. I think I’m just going to sit on my hands and keep the deposit in. Greed kills.

He said many, many things, including FSD in 2017 (the old FSD, not the post 2019 "watered down" version consisting mostly of old EAP features), Roadster in 2020, Plaid+ in 2021, million robo-taxis on the road by end of 2021, etc. etc. I find it interesting how people keep on believing the boy who cried wolf so many times. Any of you think the SDK for MCU1 to enable third party apps on MCU1 is still coming soon since Elon said so a decade ago? How about AP1 cars "will find you and meet you anywhere on private property"? Or perhaps, 2016 AP2.0 summon from New York to Los Angeles - does anyone really think many of the 2016 Teslas sold with FSD will in fact support cross country summon before they are no longer road-worthy?

 

[yerEVan]

The problem is that his inner voice is much too loud.

 

[TorqueMonster]

I think the Roadster is way more than vapor. They are clearly working on it. The entire auto industry is still facing major supply chain issues, and may even get worse. It would be nice to hear an update on it though before the fall.

 

[whitex]

I think the Roadster is way more than vapor. They are clearly working on it.

What facts are you basing this on? What indicates to you that they are in fact working on it, rather than mothballed the project? Have you seen new prototypes, have some inside knowledge, or just wishful thinking?

 

[whitex]

The problem is that his inner voice is much too loud.

Would that be the voice of an inner child with no grip on reality?

 

[!igs]

I think the Roadster is way more than vapor. They are clearly working on it. The entire auto industry is still facing major supply chain issues, and may even get worse. It would be nice to hear an update on it though before the fall.

Even if they finish it, where will they build it? Factories can't even keep up with the existing models. Add in the cyber truck and the roadster will be nowhere to be seen.

 

[Gra55h0pper]

Took about a month for me. But that was 3 years ago.
Signed up during the reveal in Nov 17. So glad I decided to cancel.

 

[Anothergeek]

Even if they finish it, where will they build it? Factories can't even keep up with the existing models. Add in the cyber truck and the roadster will be nowhere to be seen.

I’m not sure the Cybertruck will make it to Production.

Kind of hope it never does.

I agree, though. It’ll be very low-volume, but they have to put the assembly line somewhere.

Texas?

 

[Anothergeek]

Would that be the voice of an inner child with no grip on reality?

It’s the inner voice of someone with autism. It explains many of his behaviors. Doesn’t excuse them, but it explains them.