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Tesla could sue Cybertruck buyers for $50K if they flip it too soon
- mocmoc 3y agoIt has to be a lie
- partitioned 3y agoDon’t understand why anyone that doesn’t have “throw away money” would ever want to “own” a Tesla
- dainiusse 3y agoEven more if you have throw away money
- mensetmanusman 3y agoMany I know who rode the Tesla stock wave are using the earnings to get their ‘free’ Tesla.
- mikestew 3y agoI rode that wave, starting with buying TSLA at pre-split double-digits. I still didn't buy one (I had my reasons). If I had literal "throwaway" money, I'd be throwing it at Ferraris, not Teslas like some commoner.
- maerF0x0 3y agoFor what reasons do you choose ferraris over teslas?
- mikestew 3y agoIf I, for example, preferred a McLaren over a Ferrari, I could understand someone questioning me on that choice. It might even be fair to ask, "yeah, but which Ferrari?" But never in my wildest imagination did I picture myself being called to answer why I would prefer a Ferrari over a mass-produced car such as a Tesla. But in the interests of cooperation, I will offer one reason: because even in Redmond, WA, I don't see a Ferrari at every intersection. In contrast, Teslas are basically the "Redmond Corolla" these days. If I'm throwing money away, it'll be thrown at something ridiculously impractical. And on grocery day I'll drive the Hyundai that was purchased with "not-throwaway" money.
- maerF0x0 3y agoSo in short "Status" or "Exclusivity"? I think cybertruck is hitting on markets where "Real men drive trucks"[1], and may have a sort of uniqueness / exclusivity in markets like those that would buy a Ford F-150 Raptor. The latter new can cost as much as a used Ferrari 8| [1]: regardless of what one feels about that phrase it is a marketing tactic.
- deleted 3y ago[deleted]
- mikestew 3y agoSo in short "Status" or "Exclusivity"? No, but I did suspect I was being setup with your question. The word you're looking for in my original post is "impractical". Otherwise, my money wan't really thrown away, now was it?
- maerF0x0 3y agoNo no, no setup... I wouldnt use those terms pejoratively towards you if they were your goal :) . So in short i'm understaning the goal is to "throw away the money" and get something you see as absurdly excellent? (i'm guessing that's what you mean by impractical, other wise why not get 1M goats for example (IMO that'd be very impractical) Anyways, thanks for having the discussion with me :)
- mikestew 3y agoMy apologies for misjudging your motivation. I was a gold medalist in the Conclusion Jump in 2012. But, yes, throwaway money gets spent on things I might not otherwise buy. A Tesla is Just Another Car, nothing special. I have one of those already, just in Hyundai form, don’t need another one. Hence the Ferrari with all its impracticality. Back to the original post I replied to: the money I made on TSLA wasn’t “free”, it represents opportunity cost if nothing else (I could’ve purchased the car I really wanted instead). And hence no Tesla for me. But if I had purchased 10x of those early Tesla shares…I’d still buy the Ferrari, and get groceries in the Hyundai. :-)
- mensetmanusman 3y agoAw yes, the lowly commoner. Ha, are you living in a Monty Python skit?
- LeafItAlone 3y agoWhy not? Most owners seem to love them. They certainly aren’t without faults, but for their price range (especially since in the US there are many government incentives), they seem to be pretty decent vehicles. You could certainly do worse for the price.
- neuralRiot 3y agoHow else could you get the quality of a geo metro at the price of an S-class MB?
- deleted 3y ago[deleted]
- m463 3y agoI think the exact same thing except change "own a Tesla" to "buy a new car"
- x86x87 3y agoThis is probably done to deter people from buying it and flipping it immediately.
- PopAlongKid 3y agoBut if it's worth more on the open market than what Tesla is charging, why don't they just charge more? (assuming the motivation for flipping is to make a profit)
- torginus 3y agoThe same reason Sony didn't sell the PS5 for $1000 - it's a mass market product, with excessive demand probably created by manufacturing bottlenecks.
- maerF0x0 3y agoI genuinely do wonder what the outcome would be if a highly demanded (but ultimately unlimited supply) product was instead delivered by sorted bids? Like what if Tesla simply said Your position in line is relative to all bids, and at price $X you will certainly get one eventually...
- gretch 3y agoThe outcome is a really brutal society where rich people are preferred in literally everything. Waiting in line for a chipotle burrito? Sorry, this guy is gonna put in $5 to cut you in line. Even if it’s right or wrong, at the end of the day, your brand is gonna get outcompeted based on values because lots of ppl don’t want to patron business like that.
- supportengineer 3y agoYou just described buying a Rolex
- 3y ago
- LispSporks22 3y agoMan, Tesla ownership is just too complicated for me.
- mensetmanusman 3y agoThis is like the fight against scalpers.
- barryrandall 3y ago"You will be satisfied with this purchase or we'll sue you" is a pretty wild idea for a marketing campaign.
- jrflowers 3y agoThis makes sense. As an auto manufacturer why would they sell a car for “money”? If I made cars I too would require money and a legally binding pledge to neither profit or cut losses on any purchases made from me. After all what is a truck but an NFT with wide panel gaps anyway?
- JJMcJ 3y agoOften hot items in short supply can be resold immediately for significant profit. So let's avoid that by suing our customers.
- fuzzfactor 3y agoThat's what I call a "financial vehicle".
- jrflowers 3y agoYou wouldn’t want to get “taken for a ride”!
- chmod775 3y agoThey're trying to protect their actual customers from scalpers.
- maerF0x0 3y agoAs someone from Austin,TX I read "flip it" very differently. As in crashed it, much like so many truck owners do here in Texas (the state with the worst traffic safety record). By "flip" they mean "Resell". (presumably for a profit)
- samaritan1331 3y agoStart an llc > Buy cybertruck > Sell llc along with assets. Profit?? Not legal in every state tho.
- sneak 3y agoAnything stopping people from renting them out to loaded would-be Cybertruck drivers? If I’m early in the queue I’ll happily rent my brand new $90k truck out to anyone for $20k/mo. I’d even offer a 50% discount for someone who wanted to rent it a whole year. Unobtanium has a value. :)
- ChrisArchitect 3y ago[dupe] Lots more discussion over here: https://news.ycombinator.com/item?id=38237287 https://news.ycombinator.com/item?id=38237287 https://news.ycombinator.com/item?id=38236701 https://news.ycombinator.com/item?id=38236701
- yumraj 3y agoMusk is just bitter that he was forced to buy Twitter and could not resell it for profit.