This comment makes apology for grifting, and a good case for bad-faith dialogue - whether to troll, to be unreasonably contrarian, or otherwise.
They gave their money for a Cybertruck, and the liquidity from those reservations was most likely use to posture company assets/P&L, earn interest in a treasury, and whatever other financial weasel techniques that the lawyers and financiers of the world's first trillionaire - Elon - have in mind to use.
Customers didn't get that, and instead had a hold on their money for reasons and means BEYOND receiving the particular commodity that they offered their money for. Forget the pro-regulation and antitrust crowds being discussed in this comment section, you'd be hard-pressed to find even a Laissez-Faire economically-right individual that sleeps well to that notion.
That's not even in question. If you read the article, Tesla already said it will refund the deposits, and give 1 year of FSD, worth AU$1788, to those who order a Model Y or Model 3.
As far as I'm aware Tesla has always been very generous with refunds for deposits, even for cars that were produced. For the model 3/y/etc they would let you cancel the deposit if you pre-ordered and just no longer felt like buying it, as long as it didn't enter production yet.
I wonder whether nore stringent pedestrian safety compliance requirements may have come into play. When I first saw that thing, that was the first thought that popped into my head.
There's some Swiss dudes claiming they're going to make the C**Truck road legal in the EU: https://werk-lab.ch/en/cybertruck . Although I'm not sure if it's just crowdsourced moneygrab or legit.
In any case the website says the steps "Familiarization with all legal requirements that apply in Switzerland and the EU for approval" and "Consultations with the Road Traffic Office and test centers to define the testing requirements".
I'm guessing the familiarization and consultation steps would've revealed to them that "Yeah, nah, this isn't going to happen..."
Hopefully, but seeing some of the other American "trucks" hitting our pedestrians, sorry I mean hitting our roads, I wonder if anyone is really keeping that in check.
People are and should be allowed to make bad financial choices, provided that they take on all of the consequences from it themselves, and not expect to be bailed out.
Not really. Trucks are popular here and CT is one of the best vehicles on the market. Combined with its safety, efficiency, FSD, etc - it's really no brainer vehicle if you into that size.
Showing big fat middle finger to EDS sufferers is of course a cherry on a cake.
Trouble is - still quite expensive, especially for our market all while we have a little bit of Chinese competition coming up (I think only 1 decent EV ute so far).
Not a truck guy by any means but I wouldn’t want any other truck’s bed after having the cybertruck’s. The motorized tonneau cover and sloped roof adds a lot of volume to what a normal truck bed provides. It’s made the difference from having exposed camping/lake gear to having all of it protected and sheltered from the elements. Now I see my friends’ truck beds and rib them a bit about how petite their storage space is.
Ignoring how ugly they are, its ultimate mistake was Elon blatantly lying about final specs when he started taking pre-orders. The starting price was going to be under $40k, and the highest end model was going to be under $70k with 520 miles of range.
What they released cost just under $100k with 320 miles of range (which means actually like 260-270 when you don’t use Tesla’s inflated number).
At 520 miles of range you can actually consider towing a boat to a cabin without having to stop. Heck maybe even get back home. At 320 it’s just a non starter to use it to tow anything that isn’t just around town.
I know the HN crowd like to joke that people just buy trucks to commute, but most folks that own one want to at least have the option to tow something without having to constantly deal with range anxiety.
Yes, the elephant in the room is the "cutting edge styling".
I drove one as a loaner and I had all kinds of curiosity, but I didn't want anyone seeing me get in and out of it.
I think it was kind of like a pt cruiser, where the designers thought they were recreating the old style trucks, but to the public it was an acquired taste. A very acquired taste.
The bed design is actually kind of interesting. But I thought they demo'd that it could squat down like a loading ramp and I don't think that materialized.
I think it was doomed from the start being essentially the biggest thing in the Baja->Maverick-Ridgeling market segment.
I think they crossed a size threshold where they lost most of the upsides of that "not a traditional truck" market segment and gained a lot of the inconvenient downsides of the traditional half ton and larger truck market segment.
Then again, it's not like the Ford/Chevy/Rivian equivalents are flying off the shelves...
What is so unpractical about it? Other than slope around the bed (can't access easily from sides if you are short) - it's about the same as other EV trucks - whose biggest problem is sadly still batteries (I'm sure it's fine as everyday trucks, but I feel truck drivers don't wanna be seen as everyday drivers I guess?)
Based on the estimate in the article, Australia had 60k reservations. That's a 9m initial loan. Probably not significant for Tesla, but not nothing! If you bought Tesla stock with that money, spread across 2019, that'd be worth nearly 200m now so I guess that's a good estimate for what Tesla got out of this?
I had one of those in front of me the other day and it's not a truck, cyber or otherwise, it's a bloat car that answers to some vauge notion of space ships and laser cannons, but by all accounts is poorly built and drives like a cow and looks out of place everywhere, except possibly when stuck in gridlock when you could go up and put your hand on the tint to see what the person driving the thing looks like.
if they had built a cab over, 4 door, 4x4 with a 9' deck, they would have my undivided attention, a platform that could be a minibus or cargo van, cab over flat deck, or the crew cab farm truck that I will end up building myself.
It's not a truck, it's a penis extension for people who aren't confident with the one they have.
Truly the stupidest looking car on the road. When I first saw the release I didn't mind it, but when you see one in real life it's hard to describe how pathetic they look.
Good. There are far too many dickheads driving oversized obnoxious vehicles hostile to the public.
General Motors truck and SUV designer Karan Moorjani said “that’s what this truck should look like – a massive fist moving through the air.”
Not sure what the causal relationship is but I suspect it's a bit of both ways. Driving a big "fist" probably makes people drive more aggressively but I suspect assholes are attracted to buying them too.
Unfortunately this won't do much. There are so many Ford Rangers around that Ranger Danger is a term. And BYD seems keen to take over with the ugly shark.
They should be pulled in and required to answer for pedestrian strike lawsuits and challenged why they chose to design the vehicle like that knowing the risk to the public, given public statements like that.
Since they have actual consumer protection laws down there, they will refund all those deposits. Either voluntarily, or by force.
what about lost interest? 7 years' worth
If those customers wanted to get interest they would have invested their money.
Those customers wanted a Cybertruck
This comment makes apology for grifting, and a good case for bad-faith dialogue - whether to troll, to be unreasonably contrarian, or otherwise.
They gave their money for a Cybertruck, and the liquidity from those reservations was most likely use to posture company assets/P&L, earn interest in a treasury, and whatever other financial weasel techniques that the lawyers and financiers of the world's first trillionaire - Elon - have in mind to use.
Customers didn't get that, and instead had a hold on their money for reasons and means BEYOND receiving the particular commodity that they offered their money for. Forget the pro-regulation and antitrust crowds being discussed in this comment section, you'd be hard-pressed to find even a Laissez-Faire economically-right individual that sleeps well to that notion.
That's not even in question. If you read the article, Tesla already said it will refund the deposits, and give 1 year of FSD, worth AU$1788, to those who order a Model Y or Model 3.
As far as I'm aware Tesla has always been very generous with refunds for deposits, even for cars that were produced. For the model 3/y/etc they would let you cancel the deposit if you pre-ordered and just no longer felt like buying it, as long as it didn't enter production yet.
What percentage of cybertrash depositors are TSLA hodlers and musk apologists?
I'm pretty confident in saying it's far from zero.
I wonder whether nore stringent pedestrian safety compliance requirements may have come into play. When I first saw that thing, that was the first thought that popped into my head.
There's some Swiss dudes claiming they're going to make the C**Truck road legal in the EU: https://werk-lab.ch/en/cybertruck . Although I'm not sure if it's just crowdsourced moneygrab or legit.
In any case the website says the steps "Familiarization with all legal requirements that apply in Switzerland and the EU for approval" and "Consultations with the Road Traffic Office and test centers to define the testing requirements".
I'm guessing the familiarization and consultation steps would've revealed to them that "Yeah, nah, this isn't going to happen..."
Hopefully, but seeing some of the other American "trucks" hitting our pedestrians, sorry I mean hitting our roads, I wonder if anyone is really keeping that in check.
150 AUD isn't that much, but this pre-order scam that Elon is doing has helped him get free cash a lot of times.
People must surely be catching on, no?
But I heard even Sam Altman gave him 50k for a roadster a couple of years ago...
As many people that catch on, the same amount are new people that havent catched on yet.
It was 7 years ago.
I hadn’t heard that they are officially selling in the UAE.
But I did hear that parallel imported cyber trucks to UAE was a substantial part of US sales.
Good for Australia and New Zeeland. But the ones that had dropped the deposit on a cyber truck can they really be allowed to handle their own economy?
People are and should be allowed to make bad financial choices, provided that they take on all of the consequences from it themselves, and not expect to be bailed out.
The deposit was only $150 Austrailian
Not really. Trucks are popular here and CT is one of the best vehicles on the market. Combined with its safety, efficiency, FSD, etc - it's really no brainer vehicle if you into that size.
Showing big fat middle finger to EDS sufferers is of course a cherry on a cake.
Trouble is - still quite expensive, especially for our market all while we have a little bit of Chinese competition coming up (I think only 1 decent EV ute so far).
I think Cybertruck's mistake ultimately boils down to the bed design - it just wasn't practical enough.
Not a truck guy by any means but I wouldn’t want any other truck’s bed after having the cybertruck’s. The motorized tonneau cover and sloped roof adds a lot of volume to what a normal truck bed provides. It’s made the difference from having exposed camping/lake gear to having all of it protected and sheltered from the elements. Now I see my friends’ truck beds and rib them a bit about how petite their storage space is.
Ignoring how ugly they are, its ultimate mistake was Elon blatantly lying about final specs when he started taking pre-orders. The starting price was going to be under $40k, and the highest end model was going to be under $70k with 520 miles of range.
https://www.cnbc.com/2019/11/21/tesla-cybertruck-unveiled.ht...
What they released cost just under $100k with 320 miles of range (which means actually like 260-270 when you don’t use Tesla’s inflated number).
At 520 miles of range you can actually consider towing a boat to a cabin without having to stop. Heck maybe even get back home. At 320 it’s just a non starter to use it to tow anything that isn’t just around town.
I know the HN crowd like to joke that people just buy trucks to commute, but most folks that own one want to at least have the option to tow something without having to constantly deal with range anxiety.
lol. sarcasm?
Yes, the elephant in the room is the "cutting edge styling".
I drove one as a loaner and I had all kinds of curiosity, but I didn't want anyone seeing me get in and out of it.
I think it was kind of like a pt cruiser, where the designers thought they were recreating the old style trucks, but to the public it was an acquired taste. A very acquired taste.
The bed design is actually kind of interesting. But I thought they demo'd that it could squat down like a loading ramp and I don't think that materialized.
I think it was doomed from the start being essentially the biggest thing in the Baja->Maverick-Ridgeling market segment.
I think they crossed a size threshold where they lost most of the upsides of that "not a traditional truck" market segment and gained a lot of the inconvenient downsides of the traditional half ton and larger truck market segment.
Then again, it's not like the Ford/Chevy/Rivian equivalents are flying off the shelves...
What is so unpractical about it? Other than slope around the bed (can't access easily from sides if you are short) - it's about the same as other EV trucks - whose biggest problem is sadly still batteries (I'm sure it's fine as everyday trucks, but I feel truck drivers don't wanna be seen as everyday drivers I guess?)
This and the stupid new "flying car" really remind me of "The Homer" from The Simpsons [1].
[1] https://simpsons.fandom.com/wiki/The_Homer
What's 7 years of interest on $150AUS? Follow the money...
Based on the estimate in the article, Australia had 60k reservations. That's a 9m initial loan. Probably not significant for Tesla, but not nothing! If you bought Tesla stock with that money, spread across 2019, that'd be worth nearly 200m now so I guess that's a good estimate for what Tesla got out of this?
I think if you followed the money you’d find that it would be such a small amount as to be a ridiculously dumb scheme if it was meant to be one.
I had one of those in front of me the other day and it's not a truck, cyber or otherwise, it's a bloat car that answers to some vauge notion of space ships and laser cannons, but by all accounts is poorly built and drives like a cow and looks out of place everywhere, except possibly when stuck in gridlock when you could go up and put your hand on the tint to see what the person driving the thing looks like. if they had built a cab over, 4 door, 4x4 with a 9' deck, they would have my undivided attention, a platform that could be a minibus or cargo van, cab over flat deck, or the crew cab farm truck that I will end up building myself.
It's not a truck, it's a penis extension for people who aren't confident with the one they have.
Truly the stupidest looking car on the road. When I first saw the release I didn't mind it, but when you see one in real life it's hard to describe how pathetic they look.
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Enron Musk.
These people are the lucky ones, the depositors for the roadster have been waiting for 10 years and will never get anything.
But flying cars!
They should each get a jar of fumes from the jet exhaust of those "flying cars". This memorabilia will be worth a fortune!
As a bonus, one of the jars contains actual Musk fart. It could be the one you bought!
Good. There are far too many dickheads driving oversized obnoxious vehicles hostile to the public.
General Motors truck and SUV designer Karan Moorjani said “that’s what this truck should look like – a massive fist moving through the air.”
Not sure what the causal relationship is but I suspect it's a bit of both ways. Driving a big "fist" probably makes people drive more aggressively but I suspect assholes are attracted to buying them too.
Unfortunately this won't do much. There are so many Ford Rangers around that Ranger Danger is a term. And BYD seems keen to take over with the ugly shark.
> General Motors truck and SUV designer...
They should be pulled in and required to answer for pedestrian strike lawsuits and challenged why they chose to design the vehicle like that knowing the risk to the public, given public statements like that.