6 ms·

But we cannot deny the fact that, musk introduced the roadster out of desperation to get some up-front payment and save Tesla. It is possible that roadster spe

But we cannot deny the fact that, musk introduced the roadster out of desperation to get some up-front payment and save Tesla. It is possible that roadster specs were made up and now the RnD department is suffering to achieve the same, delaying the deliveries of the final product. So he basically did sell the promise but now Tesla has to deliver it as 6 years is a very long gap.

HaZeust 3y ago
They refunded everyone who wanted one years ago...
- deleted 3y ago
  [deleted]
- hef19898 3y ago
  The alternative would have been a credit line from a bank, that also needs to be reimbursed, eithbinterest! Reimbursed down payments from customers are an interest-free credit. Well played actually... And quite despicable.
- borski 3y ago
  Not true.
  - HaZeust 3y ago
    https://www.motortrend.com/news/tesla-roadster-pricing-founders-edition-removed-website/amp/ https://www.motortrend.com/news/tesla-roadster-pricing-found... > Tesla does note that the reservation is still refundable, so if the final price is too high or it doesn't materialize, you can cancel and get your money back. If you don’t wish to trust the media, here’s the Reservation Policy itself: https://www.tesla.com/sites/all/modules/custom/tesla_smartling/smartling/api-translations/documents/reservation-agreement/en-US/TeslaRoadsterReservationAgreement.pdf https://www.tesla.com/sites/all/modules/custom/tesla_smartli...
    - borski 3y ago
      That's nice, and I'd believe that, if my buddy who ordered one had gotten even a single response to his six emails about it thus far.
LewisVerstappen 3y ago
That’s not a fact, you just made that up and it’s pretty obviously false if you look at their cash flow statement and how much cash they got from the new roadster. Tesla trades at an insanely inflated multiple compared to other car manufacturers. It’s pretty clear they’ve had no difficulty raising money.
- mlyle 3y ago
  6 years ago, Tesla needed cash. Musk himself has said that the company was less than a month from bankruptcy at the time. $250M in deposits made a difference-- both directly and in their ability to access other capital.

HaZeust 3y ago

They refunded everyone who wanted one years ago...

deleted 3y ago
[deleted]
hef19898 3y ago
The alternative would have been a credit line from a bank, that also needs to be reimbursed, eithbinterest! Reimbursed down payments from customers are an interest-free credit. Well played actually... And quite despicable.
borski 3y ago
Not true.
- HaZeust 3y ago
  https://www.motortrend.com/news/tesla-roadster-pricing-founders-edition-removed-website/amp/ https://www.motortrend.com/news/tesla-roadster-pricing-found... > Tesla does note that the reservation is still refundable, so if the final price is too high or it doesn't materialize, you can cancel and get your money back. If you don’t wish to trust the media, here’s the Reservation Policy itself: https://www.tesla.com/sites/all/modules/custom/tesla_smartling/smartling/api-translations/documents/reservation-agreement/en-US/TeslaRoadsterReservationAgreement.pdf https://www.tesla.com/sites/all/modules/custom/tesla_smartli...
  - borski 3y ago
    That's nice, and I'd believe that, if my buddy who ordered one had gotten even a single response to his six emails about it thus far.

LewisVerstappen 3y ago

That’s not a fact, you just made that up and it’s pretty obviously false if you look at their cash flow statement and how much cash they got from the new roadster. Tesla trades at an insanely inflated multiple compared to other car manufacturers. It’s pretty clear they’ve had no difficulty raising money.

mlyle 3y ago
6 years ago, Tesla needed cash. Musk himself has said that the company was less than a month from bankruptcy at the time. $250M in deposits made a difference-- both directly and in their ability to access other capital.