Based on Depak Ahuja's comments on a call a couple of years ago my understanding is that the money is set aside in a different account and isn't being used for operations (or any other category). It's just sitting in an account somewhere.
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Based on Depak Ahuja's comments on a call a couple of years ago my understanding is that the money is set aside in a different account and isn't being used for operations (or any other category). It's just sitting in an account somewhere.
...in que to have FSD added...
It's a company with huge growing pain. Lot of the employees are incompetent, and the engineering department doesn't do enough to streamline the processes.Thanks for the progress report.
What's happening with Tesla? Doesn't it want people to pay for FSD? Why does it make upgrading to FSD a tortuous process and only those who could endure it would eventually get it?
@TeeEmCee
OK so what do you think "gaap deferred revenue" means in the annual shareholder letter, quarterly results letter, and form 8k? If the CFO says they set that money aside to offset the liability why do you not believe those statements and the documents they've filed with the SEC? Why don't you go listen to the quarterly and annual conference calls until you hear Depak say it and then tell me why you don't believe him.
"We have yet to recognize a significant amount of deferred revenue from future functionalities related to Enhanced Autopilot and Full Self-Driving Capability options."
Deferred revenue $841,494,000 (from Q4 2018 letter)
It's a company with huge growing pain. Lot of the employees are incompetent, and the engineering department doesn't do enough to streamline the processes.
What's happening with Tesla? Doesn't it want people to pay for FSD? Why does it make upgrading to FSD a tortuous process and only those who could endure it would eventually get it?
Spud’s always right. For me I can’t see buying FSD that’s been vapor ware for so long. Maybe sometime in the future, but for now not happening for me. Plus it’s 7 grand for me. Have a great evening all.IMHO, I say folks need to stay patient. From what elon has said, a large number of folks who purchased FSD, it certainly sounds like they will upgrade your hardware. We all know communication sucks with Tesla. Hold off a bit more and see what the company ends up doing.
I really think FSD purchases will get the upgrade. If not, there will be a huge backlash. I bet even some will join a class action. I really doubt Tesla will go through all that.
Spud’s always right. For me I can’t see buying FSD that’s been vapor ware for so long. Maybe sometime in the future, but for now not happening for me. Plus it’s 7 grand for me. Have a great evening all.
You are too funny Spud.Can I introduce you to my ex wife? lol
It doesn't matter if you ordered FSD or not. We were told our cars came with FSD hardware. Tesla obligated themselves to make it happen for everyone that bought an AP2.0 vehicle.IMHO, I say folks need to stay patient. From what elon has said, a large number of folks who purchased FSD, it certainly sounds like they will upgrade your hardware. We all know communication sucks with Tesla. Hold off a bit more and see what the company ends up doing.
I really think FSD purchases will get the upgrade. If not, there will be a huge backlash. I bet even some will join a class action. I really doubt Tesla will go through all that.
It doesn't matter if you ordered FSD or not. We were told our cars came with FSD hardware. Tesla obligated themselves to make it happen for everyone that bought an AP2.0 vehicle.
I am so shocked and disappointed. I am a Model 3 owner and loved it so much I decided to order another Tesla. I went with a CPO Model X. A requirement for my second car was that it be upgradable to FSD for long term upgradability so I specifically searched for an Enhanced Autopilot vehicle and worked with my sales person who told me 2.0 would be FSD eligible. I found a vehicle and ordered a Model X that had AP 2.0. Tomorrow is my delivery date and I asked for FSD to be put on the vehicle before delivery weeks ago. When the delivery person was reading through the notes he just told that 2.0 cars will not have FSD capabilities. He was shocked and asked his techs to call Engineering in Fremont. He was told that there was a change and Tesla will only support FSD in 2.5 vehicles. I let them know that a lot of owners have paid for FAD on 2.0 cars but was told that the engineers in Fremont confirmed it. FSD will only be available on 2.5 cars and beyond. I have decided not to take delivery of my original vehicle, even though I have already transferred payment to Tesla. It has been 4 weeks, I have secured my loan, paid a huge down payment and I was counting on my vehicle to be delivered tomorrow. What a shock! I think a lot of 2.0 owners are going to be very upset moving forward. Has anyone heard about this. I wonder if it is new, with all of the language changes they have been making with Auto Pilot. What a huge disappointment!
Because somebody screen capped what somebody else said on Facebook recounting a conversation between yet another party and a 4th party.
I dunno. I mean, seems legit.