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It is a crime because he is collecting money for it now. At the minimum it is a violation of the "30 day rule." If you accept money for a preorder of something
by mike_d 4y ago
It is a crime because he is collecting money for it now.
At the minimum it is a violation of the "30 day rule." If you accept money for a preorder of something, you must clearly state a delivery date. If you do not, it is assumed within 30 days of an order.
Tesla can face FTC fines of $16,000 per Autopilot sale, in addition to lawsuits from consumer protection agencies in every state where a vehicle was sold with the undelivered feature.
This is why all the crowdfunding platforms are basically donations with "rewards" of products and not preorders.
- wilg 4y agoThis is interesting and very specific. I would think that if this applied it would be quite open-and-shut, and handled by the FTC directly. So my guess is it does not apply. Perhaps because it is not "merchandise"?
- mike_d 4y agoI believe the lack of enforcement action is because FTC is understaffed for the amount of stuff under their purview, combined with the fact that not enough defrauded consumers know they need to file complaints. https://www.ftc.gov/media/71268 https://www.ftc.gov/media/71268