The Tesla joke continues: Tesla Asks Model 3 Reservation Holders for Another $2,500 to Order Their Cars.
Would-be Model 3 owners already put down a $1,000 refundable deposit to “reserve” one of Tesla’s Model 3s. Those reservation holders must pay an additional $2,500 to turn their reservations into an order, at which point the original $1,000 deposit goes toward the overall payment for the car. Buyers can cancel their orders within three days for a full refund, the company confirmed, but after that their money is Tesla’s for good.
Buyers who confirm won't immediately get a specific delivery date, but Tesla's email says delivery could happen "in as soon as 2-4 months." [As soon as 2-4 months or as long as?]
The company has not yet manufactured a base-model version of the Model 3, which it has promised to sell for $35,000. Instead, it's produced versions with premium features, such as longer range, a higher top speed and all-wheel drive, which cost between $49,000 and $72,000. [Want a base mode? Good luck with that.]
Goldman Sachs is skeptical that Tesla can make good on all of its ambitions near term. This week, the firm issued a note reiterating a sell rating on Tesla's stock, recapping the company's history of missed production goals and noting that investors are beginning to focus not on short-term bursts of vehicle production, but on: sustainable, high volume manufacturing; vehicle profit margins; and whether or not Tesla can get customers to buy its highest-priced cars.
Tax Consequences
http://www.themaven.net/mishtalk/economics/tesla-demands-extra-2-500-from-reservation-holders-no-delivery-date-promised-a68hJQCkV0Wh2UPRc_S0lA/
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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