Thinking about joining legal action on recent massive price cut

[NewTMSMan]

Tesla really screwed over their earliest (and richest) customers with all the recent price drops. I guess it's a lesson learned to everyone. Lease, don't buy!

Yeah will have to go back and look at assumptions when I compared leasing to buying, but at the time for the S and the X there was a $40k total advantage to buying. Guess that won’t still be true

 

[Vitaman]

Tesla really screwed over their earliest (and richest) customers with all the recent price drops. I guess it's a lesson learned to everyone. Lease, don't buy!

Doesn't always work.
Lease payments are based on purchase price. Leasing when prices are high limit your flexibility. You can be stuck with a high lease payment for 3 years instead of a high loan payment that you can get out of by selling the car before prices drop (I know....Crystal Ball stuff) or at least selling/trading in when technology goes up and price comes down.

 

[EVDRVN]

Be sure to sue for depreciation as well. This is the issue with the US today, people that sue for utter BS and the CA suits from bottom feeder lawyers.

 

[akhavanr]

What a hilariously silly notion.

Cars drop in price. Cars based on emerging technologies drop in price much faster than gravity alone. The idea you’re owed a financial/legal remedy because you don’t understand this is laughable.

Which law do you suggest Tesla broke?

We live in new reality where electric cars like computers back in 80s 90s will see price drops. Some may be significant. It won’t stabilize for a while. Early adopters (like myself) get to enjoy the trill of new features and capabilities earlier.

 

[jamessmooth007]

This type of mentality is EXACTLY what’s wrong with California right now.

 

[EVDRVN]

This type of mentality is EXACTLY what’s wrong with California right now.

Been wrong for a while including all the other US states.

 

[nvx1977]

this is the most disagreed-with post. More than 2x the downvotes as the previous champion.

 

[EVDRVN]

this is the most disagreed-with post. More than 2x the downvotes as the previous champion.

Are you referring

this is the most disagreed-with post. More than 2x the downvotes as the previous champion.

We thai

this is the most disagreed-with post. More than 2x the downvotes as the previous champion.

Not surprising.

 

[KRG21]

Typically you do pay more being an early adopter. Why would you expect to get something cheaper when you want to be first?? People lined up at stores to be first, not to get a good deal. There was never an expectation of getting a good deal. I ordered my current car (not a Tesla) the day it was announced (months before it was released) and I paid a premium for it. A few months after I took delivery and dealer lots were saturated, my friend was able to buy the same car for $5-6k cheaper. That's usually how it works. Nothing exclusive to Tesla

 

[KRG21]

This type of mentality is EXACTLY what’s wrong with California right now.

Massive economy and leading in tech? Seems terrible.

 

[mudkiller]

Where was the policy that there would be a price protection or match? What in the world are they suing for? Bad luck?

 

[HappyHapgood]

You think the Porsche buyers don't lose significant money on their purchases? A few get lucky, but most don't.
Early adopters often pay a premium from which the future buyers will benefit. Especially when it comes to technology.
I remember buying a DVD player for hundreds of dollars, only to have BestBuy offer, a few months later, the newer better version for about 1/2 of what I had just paid. I guess I could have tried to sue BestBuy or Samsung, but instead I just kept watching movies and enjoying.

 

[bhzmark]

Stupid Tesla. Making more, better, and cheaper cars. Stupid company. Where can I complain?

 

[EVDRVN]

Stupid Tesla. Making more, better, and cheaper cars. Stupid company. Where can I complain?

www.tesla.com/fantasyland

 

[IsthataTesl.a?]

Really? Why don't you go buy some stocks and when you lose money. Turn around and sue them for going down in prices causing you to lose money even though the stock showed a positive trajectory.

Yep. Like the whole 420 thing. I never viewed the "funding secured" as anything but two words taken out of context. Sure, didn't enjoy the ride down but in 2030, will it really matter? Probably not!

 

[IsthataTesl.a?]

With the recent major price reduction, I feel like I'm hit with the penalty for being a few months earlier adopter.

Not sure if I'd line up at the stores overnight or put reservation money.

I bet many of you, the loan balance is higher than how much you can buy the cars right now. Even with the tax credit refunds.

I can't even imagine how recent S or X owners feel right now.

You can easily disregard by saying 'that's how business works' but US is a country with lawsuits with a few MPG difference.

If there's no compensation gesture from Tesla, I'm willing to join a party with legal action. Do any of you know which firms are cooking up those ideas?

Legal action is one of the ways to discourage Tesla. Fortunately, The Big T can probably easily handle this nonsense. I consider you suck up any perceived injustice you feel Tesla has caused you and may I also suggest joining some other parties where people are actually enjoying themselves and life itself instead?

 

[IsthataTesl.a?]

If I ever walk away from this brand, it will be to get as far away as possible from this sort of entitlement mentality.

It’s honestly nauseating

We don't hear the original or even secondary Model S Signature owners b!tching now, do we?

 

[IsthataTesl.a?]

Think this, if Tesla increased the price, would you like to pay the extra? Enjoy the car

Maybe give them the difference in oil change coupons?

 

[jdicecco]

In 5 years batteries will be better and cheaper. You will have the old crappy technology ones. In 5 years people will be talking about HW 5 or HW6 you will have HW3.

If you bought your car thinking you were going to sell in 3 years you should have waited until you could lease. Cars are not investments.

 

[jdw]

There hasn't been a major revision of the Model 3 yet, so new 3 owners have not experienced the full weight of what a few years of Tesla incremental improvements & changes will do to resale values.