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Why $100 deposit for the truck and $2500 for the Y?
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vinny84
Member
S/X/3 orders had $2500 deposits. Changing deposit amount now for Y to $100 would create a hassle for Tesla. Folks who paid $2500 would want their money back.
willow_hiller
Well-Known Member
The Model 3 has been $100 deposit for a few months now. I believe they've found that $100 deposits lead to more fulfilled orders, and they just haven't yet updated the Model Y page.
The $100 for Model 3 is order fee. not refundable.
HankLloydRight
No Roads
Also, the deposit for the Model 3 was $1000 (refundable) since the first M3 reveal in 2016.
willow_hiller
Well-Known Member
I'm sure once people are prompted to complete their configurations in 2 years, it will turn into a non-refundable order fee.
Ford has a refundable $500 to reserve the Mach E, you don't see anyone claiming they're pumping up their preorders compared to the original $1,000 for the Model 3.
The wait time on the truck is too long. Customers have a lot less to complain about with a $100 deposit if things change slightly with the design. Let's say the truck is delayed an extra year, $100 is not much to complain about. A $1000 deposit and a delay would cause a lot more push back.
The Model Y deposit has a much more concrete window to production since it's based on the model 3 and the design won't change much. Holding onto customer funds in that case isn't going to cause any friction with customers since the timeline is easier to meet.
Plus, Tesla is self funding. They don't financially need to hold on to deposits for years.
Overall, it's a very pro-customer policy to have a low deposit to keep interest and enthusiasm high about the cybertruck when launching a new product. The risk gets shifted to Tesla if they make a mistake gauging demand. Luckily Tesla will have so many vehicles in production by 2021 in multiple factories that it's not going to matter.
The Model Y deposit has a much more concrete window to production since it's based on the model 3 and the design won't change much. Holding onto customer funds in that case isn't going to cause any friction with customers since the timeline is easier to meet.
Plus, Tesla is self funding. They don't financially need to hold on to deposits for years.
Overall, it's a very pro-customer policy to have a low deposit to keep interest and enthusiasm high about the cybertruck when launching a new product. The risk gets shifted to Tesla if they make a mistake gauging demand. Luckily Tesla will have so many vehicles in production by 2021 in multiple factories that it's not going to matter.
Last edited:
doghousePVD
My grandfather’s car
I think Musk knew the design was controversial for the Cybrtrck. He wanted to have a blast out of reservations - and got them.
The Y was very traditional, and he wanted to have a realistic projection of orders,
Was he right? Great big powerful Ford who (according to the naysayers) can squash Tesla in manufacturing with their eyes closed announced their flagship MUSTANG EV last week before the Cybrtrck. Drum roll, please ... they got only 10,000 reservations compared to Tesla's 200,000
The Y was very traditional, and he wanted to have a realistic projection of orders,
Was he right? Great big powerful Ford who (according to the naysayers) can squash Tesla in manufacturing with their eyes closed announced their flagship MUSTANG EV last week before the Cybrtrck. Drum roll, please ... they got only 10,000 reservations compared to Tesla's 200,000
This was clearly a way for Tesla to get interest free revenue for a few years.
Even people on the fence about the truck can afford a refundable $100 deposit. Back when I got on the list to reserve the Model 3, I hated putting down the $1,000 and waiting a few years to get it. Then when the Model Y reservations came out, I refused to put down $2,500. But $100 is nothing and even better when it's refundable. But unfortunately, for the current Model 3 ordering process the $100 isn't refundable.
Even people on the fence about the truck can afford a refundable $100 deposit. Back when I got on the list to reserve the Model 3, I hated putting down the $1,000 and waiting a few years to get it. Then when the Model Y reservations came out, I refused to put down $2,500. But $100 is nothing and even better when it's refundable. But unfortunately, for the current Model 3 ordering process the $100 isn't refundable.
EVNow
Well-Known Member
Interest on $20M is less than rounding error when you have $5.825B in the bank.
Tesomega
Member
I would have gone for one if it were to be a free reservation with cancellation of course.
It's not about Tesla earning interest, it's about them showing revenue to investors. They don't even have to actually deliver the truck, in a few years because this money can be used now for better projects, that make even more revenue. The idea of getting customers to invest in futures is brilliant. Even wineries are going it now.
AquaMan
Member
Here4's why I think they wouldn't and shouldn't charge more:
With the truck, you "don't quite know what you've ordered" at this point. It will change. It will have side mirrors. It will have windshield wipers (somehow). That Night Rider steering handlebar will become an actual wheel. It will not have the "curb rash magnet" hub caps. And those are only the things that I'm pretty sure about.
It wouldn't surprise me if they also flatten the pointy roof and trim down the sides of the bed. (Without this it can't pull a 5th wheel.)
What we saw is essentially a concept vehicle.
With the truck, you "don't quite know what you've ordered" at this point. It will change. It will have side mirrors. It will have windshield wipers (somehow). That Night Rider steering handlebar will become an actual wheel. It will not have the "curb rash magnet" hub caps. And those are only the things that I'm pretty sure about.
It wouldn't surprise me if they also flatten the pointy roof and trim down the sides of the bed. (Without this it can't pull a 5th wheel.)
What we saw is essentially a concept vehicle.
I would be surprised if tesla delivers the truck in 2022. They have their hands full with the model y,semi and roadster. Oh and the necessary refresh on the model S.
It would be silly for Tesla to ask for a lot on deposits because this vehicle isn't even next in line for release.
The Model Y is.
A lot of bears are saying 200,000 reservations are going to disappear when its time to put up or shut up.
Me, I will guarantee 1st year production will sell out if the specs and price come as advertised.
I'm willing to take and escrow some bets if anyone wants to challenge me.
The Model Y is.
A lot of bears are saying 200,000 reservations are going to disappear when its time to put up or shut up.
Me, I will guarantee 1st year production will sell out if the specs and price come as advertised.
I'm willing to take and escrow some bets if anyone wants to challenge me.
Uncle Paul
Well-Known Member
AquaMan
Member
How do you quantify how big their hands are, such that you can say they're full? The "hands" are employees. And there are plenty of people willing to be added to their payroll.
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