There is no case here. There is no agreement in place where Tesla has a price guarantee except with leasing which wasn't even available when the major price drops happened. You are also going to have to prove damages which even if you've sold already will be a theoretical murky calculation at best especially sine the used market is so weird and inflated right now. At the end of the day you agreed to a price at purchase and drove away.
To make this short the 20k loss comes from buying the car at 70,500. Months later and several price drops you can get a fully built model with FSD (which had I purchased would have added 6k but did not purchase) which would have had a 2018 Performance Model 3 out the door for 76,500. So far easy math. Now go fully build out the same model 2019 without FSD. 57,000. 76-57= 19,000. Forget depreciation out of the lot. This is just a Tesla pricing model. So yeah....I'm out 20k in less than one year.
But you've also ignored the $7500 tax credit, so we're really down to $13,875. And you can't just dismiss depreciation. You "lost" at least 10% - maybe more - of the vehicle's value the minute you drove it off the lot. That's another $7,050. So now we're at $6,825. You've also had a year to drive the vehicle - so there's cost avoidance to that as well. What would you have paid to drive another vehicle? Vehicle cost, fuel cost, etc. The delta is a LOT less than you think it is.
I bought a '19 ram truck with all the bells and whistles last October and have only driven it three thousand miles. It is on sale now for $7,000 less and my truck has depreciated $9,000 of 15%. That means I am out $16,000 after driving it only 3,000 miles. That is over $5 per mile. And to top it off it has better tech available now.. Do you think I have a case against them? I mean if I knew I was only going to drive 3,000 miles in a year and they were going to drop the price later on by $7,000 with new tech I might not have bought it. I think they were shady and they owe me big time. Anyone want to be my lawyer here?
I once bought a pair of jeans for $70 and the following week it went on sale for $40. Til this day I’m still trying to get my $30 back. Just saying....
I hadn’t heard about all the recent price drops but I put in the same exact performance model and can get it for over 20k less now also. I selected white which at that time was an up charge. With tax and lic I was at about 93k. I got 10k back in rebates. Thank God I paid it off and I’m not financing it too. No, I don’t feel I’m entitled to anything from Tesla. I paid the going rate a year ago. Hey, if I knew it was going to be 20k cheaper a year later, sure, I would have waited. No one to blame here though. It is what it is.
I bought a car last week for $10,000 below MSRP. I'm sure the dealer would have gladly let me pay the full MSRP. It's kinda similar to the way Tesla might screw you. I guess.
If I were you I just wouldn't buy anything. You never know when there might be a price change. Your best bet is put just put all your money in the bank until you die. That way you won't have anything to stress about except maybe starvation or disease.
Just a quick primer on how purchases work, 4 minutes and 23 seconds in should be of particular interest. You found more value in the car than the money when you made the purchase. That was a choice of your own free will. If you're upset with anyone it should be yourself.
An innocent question: when you find that, 24 hours after you make a purchase, its price rises by 100 percent, do you feel the moral obligation to fork over that increase?
In January I bough I GoPro 7, 2 days later it was $100 less.. I never got my money hack either. It sucks but it is what it is.
People are pretty used to the commoditized market for electronics and other durable goods. Price reductions (not sales or rebates) really don't happen on autos except when they are closed out or year end models. Only Tesla reduces prices like this and the resale value of a car, consumers are not used to this and it will shift purchasing behavior on such large capital purchases. One can only wonder if Jan 1 2020 that a M3 price will be less than a 2019 even with the tax credits gone. Meaning, you can get a 2020 for less than a 2019 even with the tax credit on the 2019. We shall see but I wold not be surprised if this happens.
Price reductions doesn't happen because true price is abstracted through sales/incentives. Ever heard of a factory rebate? it's the same thing as what Tesla is doing except they're being transparent about it. Its killing their reputation. People get upset about transparency.....
In other news, the purchasers of every computer ever sue makers for selling the newer ones cheaper than the old ones and with better features.
Every time there is a sale of some goods or services someone paid more the day before. Every time there is a price increase someone bought before the price increase. You made a decision of the value when you purchased the item and paid the money. IN 2008 property values dropped by as much as 50%.
God, I love this zombie thread. You could sit your adolescent child down at a desk and have them read it all. They might stand up 2 hours later a more worldly and better person. It’s a sort of book of everything: free market (with some incentives thrown in), the idea of agency and free will, logical fallacies, personal finance. Thanks to everyone, sensible and not-so-sensible people, satisfied owners, aggrieved owners, Tesla fans and trolls.