No. First time I consider getting a controller though.You guys using a controller to play this?
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No. First time I consider getting a controller though.You guys using a controller to play this?
CT cancellation rate will likely be higher since the deposit was 1/10 that of the Model 3. We see lots of people having +5 CT's on order. With the Model 3 the limit was two each IIRC.Tesla saw about 63,000 cancellations of Model 3 preorders
The company had a total of 518,000 preorders but 455,000 net orders at last count.www.vox.com
63,000 cancellations from 518,000 reservations.
12.16%
Source is Elon himself on earnings call mid-2017 just as Model 3 deliveries had begun.
I think it'll be very very interesting to see how the reservation rate under the new $100 system translates to real orders
I know folks who have early reservations for multiple CTs, but absolutely could not afford to buy even ONE CT- they thought it'd be cool to tell people they have them reserved, and hey maybe they'll win the lottery or somehow stop being terrible with money in a couple years when the truck is ready.
I also know folks who 100% plan to buy one, and can afford to, but didn't bother with the reservation because they're from the "I don't start reading a book series until the author has finished the series" school of thought.
And of course I'm sure others know all sorts of other people all across the range.
I'd be surprised if the "reserved but does not order" rate isn't a decent bit higher for CT than it was for say the 3- given the 10x drop in cost for a reservation... but then the reservation # is a lot higher for CT as well, and "full size truck" is a lot bigger addressable market too.
(IIRC The 3 had a little over 500k reservations and the cancellation rate ended up around 12% of those).
I know several people with multiple trucks in order banking on robo-taxi. Many of those orders will be canceled if robo-taxi is not viable at the time of delivery.I think it'll be very very interesting to see how the reservation rate under the new $100 system translates to real orders
I know folks who have early reservations for multiple CTs, but absolutely could not afford to buy even ONE CT- they thought it'd be cool to tell people they have them reserved, and hey maybe they'll win the lottery or somehow stop being terrible with money in a couple years when the truck is ready.
I also know folks who 100% plan to buy one, and can afford to, but didn't bother with the reservation because they're from the "I don't start reading a book series until the author has finished the series" school of thought.
And of course I'm sure others know all sorts of other people all across the range.
I'd be surprised if the "reserved but does not order" rate isn't a decent bit higher for CT than it was for say the 3- given the 10x drop in cost for a reservation... but then the reservation # is a lot higher for CT as well, and "full size truck" is a lot bigger addressable market too.
(IIRC The 3 had a little over 500k reservations and the cancellation rate ended up around 12% of those).
More than a few people like myself also ordered several extra as a Robotaxi play. If that doesn't look possible in then those orders will go away too. My guess is a 40% conversion rate for the CT, but those who drop will be easily replaced once it gets out on the road.
At 125k/year....i hope they get more cancellations so i can get mine by 2023I've heard from one supplier that planned cybertruck volume is currently at 125k/yr ( 2022, 2023). I guess they will need to increase it at some point.
While I do agree with you I think what you aren't accounting for is FSD and robotaxi.
. If FSD is mature/operational then people may buy them just for the resale. And if Robotaxi is operational as well by the time people's reservations are available (2-3 years) then it's completely different all together.
You guys using a controller to play this?
Tom Standage is one of my favorite reporters and writers. I have followed him on the Economist for some time. FWIW until now his favorite work for me has been The Victorian Internet. I completely missed The Guardian article, so thanks for pointing it out. I've already ordered it on Amazon, but it will not arrive until the 17th. Bizarrely, perhaps, that is also the first day of my Plaid delivery window. I have greater confidence in Amazon dates than I do in those of Tesla. Honestly I'd still prefer the Plaid.The article below is a long read and actually quite good coming from the Guardian. Although it's actually an edited extract from A Brief History of Motion: From the wheel to the car and what comes next, published by Bloomsbury on 18 August.
It provides a lot of interesting detail about the transition from horses to electric then petrol cars and now to the modern electric era. It finishes off diverting into data privacy concerns with the "internet of motion" but overall doesn't get too deep into FUD. Worth a read if your interested and can spare a few minutes.
The lost history of the electric car – and what it tells us about the future of transport
Actually ... how about just suing the SEC for dereliction of duties/ failing to do the work it is supposed to do? As outrageous at it seems .. this ought to be done, even tho the rot starts way higher. Showing it is in the pocket of the financial houses it is supposed to regulate .. or just plainly getting them to clean house: as Harry Markopolos, who famously tried for 10 years to get the SEC to investigate, prior to Madoff's unraveling (which only happened because Madoff ran out of funds to continue his Ponzi scheme) said: the SEC is run by lawyers who don't understand finance, probably on purpose.Don’t think there are enough lawyers for all the lawsuits that would be necessary.
Maybe we should just initiate a new legal action at the close of the market on a daily basis. We should have backups ready to go for the after hours sessions. And we cannot forget those early morning market manipulators.
Think three class actions on a daily basis might cover it for now, but we should be on guard for those special intraday manipulations as well.
Now all we have to do is go back to the IPO and file all the lawsuits.
Hate to break it to ya, but doesn't matter what the QQQ does unless there's some serious index buying. Clearly the stock is being capped/spoofed pretty hard right now and the second the QQQ/Nasdaq starts to pull back, watch Tesla fall with it. All organic buying volume is nonexistent once againQQQ rebound
I agree and will add that earliest reservations reserved FSD for $7kWhile I do agree with you I think what you aren't accounting for is FSD and robotaxi. People who pre-ordered got in at $8k for FSD instead of today's price of $10k. If FSD is mature/operational then people may buy them just for the resale. And if Robotaxi is operational as well by the time people's reservations are available (2-3 years) then it's completely different all together.
More than a few people like myself also ordered several extra as a Robotaxi play. If that doesn't look possible in then those orders will go away too. My guess is a 40% conversion rate for the CT, but those who drop will be easily replaced once it gets out on the road.
Perhaps but the big thing for me was the ability to nail down FSD at $7k, with just a refundable $100 deposit. I can't do that with a Y. Cost per mile to run a CT shouldn't be too far from a Y. Maybe a more rugged interior, indestructible exterior, but more expensive tires and lower efficiency. I have 12 on order. 6 dual motors and 6 singles, plus a tri motor for myself.Wouldn't Y be much more practical Robotaxi than the CT? Just in terms of size, going into cities, etc.. I've been thinking of eventually getting into that side of things if it pans out, but with a Y. I'll use my CT reservation for myself, thankyouverymuch....
Thanks. So probably not such a good basis for extrapolation - will have to wait for the July figures to get a better idea of how the ramp is going.30,896 produced.
There was a 5 day holiday impacting the results. See my post here:
Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
According to Sawyer Merritt, the cargo space on both Y and 3 have been increased by 8 cubic feet So is the whole Tesla lineup now going to feature new pocket dimensions? Do you open this rift from the MCU?teslamotorsclub.com
We saw lots of people in the Tesla related forums and community out of the gate talking about ordering 5 or more Cybertrucks.CT cancellation rate will likely be higher since the deposit was 1/10 that of the Model 3. We see lots of people having +5 CT's on order. With the Model 3 the limit was two each IIRC.
Then there was my spouse, who said she did not know how to drive an automatic. She learned on our first Tesla, not quite an 'automatic' but oh, so much better.Prior to acquiring a girlfriend who could not drive a manual transmission, I drove lots of cars with a clutch. Not all Americans have to have automatics. My daughter was surprised that when she got her German driver's license by turning in her Pennsylvania one they didn't limit her to automatic. They told her that since her PA license didn't limit her then they wouldn't. Of course that is not a thing in the US that I'm aware of. However I feel sorry for the owner of any manual transmission vehicle if she ever tries driving one. ;-) Will all be moot in 10 years when everyone who wants one has an EV with no transmission and doesn't even need a license to have their car drive them. Not sure even with the best AI a CyberTruck can maneuver a European parking garage.
The other was he would willingly make loans to his children. I've only taken one loan from him, to buy my home. A day after he wrote the check he came by and gave me the payment book. 6 pages on a steno pad he had hand-written out. I still have it. This guy was Comptroller for NASA, and he took that night to break out the calculator and do all the math. the caveat with him is what he said when he gave me the "loan book." Son, here it is, you don't have to pay it back. But if you don't when it is time for the will to be read it will be on the ledger, and come out of your part."
I am his favorite (I think) because I paid it back as soon as I could get a better rate with a bank. All my brothers and sisters defaulted on at least one of their loans with him. And he told me that. He finds me "interesting."