NW-Bound
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 3, 2008
- Messages
- 35,712
Well, did the owner read the fine print? Or was there any contract or manual at all?
Yep, I'll bet it's all covered in there. Maybe Tesla's general counsel Mr Butswinkas penned it during his two months on the job.Well, did the owner read the fine print? Or was there any contract or manual at all?
But that guy owns the car. He bought it with the understanding that the Supercharger charge rate would be X. Tesla Inc has modified his car, without his consent, so that it only charges at .75 X.
Who really owns the car?
It has certainly lost a lot of resale value unless Tesla deigns to restore it to the capabilities it formerly had. Does he get compensated for that?
True, this is not a giant issue affecting many owners. But the whole principle of remote centralized "tweaking" of cars without the permission (or knowledge) of owners is going to have to be addressed, I would think. It's similar to Apple's decision to slow down the performance of older iPhone models.
... I'm not sure it matters, but is this even 'remote tweaking'? Or is the algorithm built into the car from day 1, it just doesn't start to trigger until X conditions are met?
Yes, and regardless of the cause of the battery degradation (manufacturing defect? Storage temperature? Discharge rate and depth history? Charge rate and max charge history?) Tesla could be ratcheting down the car's capability (and utility) to assure the battery pack survives the warranty period.It would be not at all acceptable if some cars are singled out for throttling, not because their operating conditions are excessive, but because their particular batteries are "lemon". I read the thread from teslamotorsclub.com, and posters there have all different experiences. Makes me wonder if some poor guys get penalized with throttling simply because their batteries are defective.
Not all comments were negative, some folks mentioned that they enjoy stopping and letting the dog play around at the dog park while the car charges up, etc.Road tripping in my Telsa already takes 2x as long as a gas car, but now it's taking even longer. I can't imagine wanting to take this car on any further road trips at this point.
Not good news for Tesla:
Tesla shares fall after Consumer Reports says it will no longer recommend Model 3
https://www.cnbc.com/2019/02/21/tes...-consumer-reports-new-reliability-survey.html
Whiplash. A week ago (and probably today, as well) the Tesla Model 3 was rated number one in owner satisfaction by Consumer Reports. Now, the car cannot even be recommended. I fear Consumer Reports is trying to stay relevant and in the news.
Tesla’s Model S sedan lost its recommendation largely because of suspension problems reported by CR members in the survey.
Might be educational if you read the CR write-up. The change in recommendation came from surveying Tesla owners:
Not good news for Tesla:
Tesla shares fall after Consumer Reports says it will no longer recommend Model 3
https://www.cnbc.com/2019/02/21/tes...-consumer-reports-new-reliability-survey.html
While many Tesla owners may not be happy about the reliability of their car, Consumer Reports says those owners are generally satisfied with their electric vehicles.
"They like their cars, but they still tell us the truth. They tell us the problems they are having with them," said Fisher.
Enough of a whiplash that the stock is down over $10 today.Whiplash. A week ago (and probably today, as well) the Tesla Model 3 was rated number one in owner satisfaction by Consumer Reports. Now, the car cannot even be recommended. I fear Consumer Reports is trying to stay relevant and in the news.
https://insideevs.com/tesla-model-3-consumer-reports-owner-satisfaction-win/
Not good news for Tesla:
Tesla shares fall after Consumer Reports says it will no longer recommend Model 3
https://www.cnbc.com/2019/02/21/tes...-consumer-reports-new-reliability-survey.html
While many Tesla owners may not be happy about the reliability of their car, Consumer Reports says those owners are generally satisfied with their electric vehicles.
"They like their cars, but they still tell us the truth. They tell us the problems they are having with them," said Fisher.
a Tesla spokesperson said,: "We're setting an extremely high bar for Model 3. We have already made significant improvements to correct any issues that Model 3 customers may have experienced that are referenced in this report, and our return policy allows any customer who is unhappy with their car to return it for a full refund."
More proof that investors are no longer confident in Tesla. And stock is now below the price when this thread started....More proof that Tesla is confounding legacy car makers in Europe. Thousands of Teslas are now pouring into their home market.
https://electrek.co/2019/02/21/tesla-top-priority-automakers-bmw-dealer-model-3-affecting-sales/
https://insideevs.com/aerial-image-shows-tesla-ship-to-europe/
Not good news for Tesla:
Tesla shares fall after Consumer Reports says it will no longer recommend Model 3
https://www.cnbc.com/2019/02/21/tes...-consumer-reports-new-reliability-survey.html
While many Tesla owners may not be happy about the reliability of their car, Consumer Reports says those owners are generally satisfied with their electric vehicles.
"They like their cars, but they still tell us the truth. They tell us the problems they are having with them," said Fisher.
What I find more interesting is this:
a Tesla spokesperson said,: "We're setting an extremely high bar for Model 3. We have already made significant improvements to correct any issues that Model 3 customers may have experienced that are referenced in this report, and our return policy allows any customer who is unhappy with their car to return it for a full refund."
A full refund?
As mentioned in a way earlier post about some Youtube videos, I read some Youtube comments that some M3 buyers refused to accept delivery of their new cars due to paint defects, and their money were withheld by the company.
What is the truth here? Somebody who hates Tesla so much to make up stories like that? I guess anything is possible.
The standard return period is one (1) calendar day after delivery. If you have taken delivery of your vehicle without ever having taken a test or demo drive with us, we understand that you may want additional time to get to know your vehicle. In that case, you will have three (3) calendar days after delivery to return your vehicle, subject to the terms and conditions of this policy.
We will accept your vehicle for return if the vehicle:
Has an odometer mileage of less than 500 miles at the time of return;
Today, some Tesla customers say the company left them stressed and stranded, waiting months to be paid back for returned cars or canceled reservations.
Yes, a full refund. But look at the timeline for refund -
So yes, a full refund within 1 or 3 days (depending on if you have taken Tesla on a test drive or not).
https://www.tesla.com/support/tesla-return-policy
But then there is this too:
Tesla customers describe maddening problems with returns and refunds
A 1 or 3-day period is a lot more generous than which other car dealers give their buyers (which is 0), although it is too short to allow one to notice any reliability problem. For that, one has to rely on past experiences reported by others. Like Consumer Report articles?
.
Tamara Tanney got tired of waiting for a new Tesla, so she asked for a refund of her $1,000 deposit. It’s been a year since the Toronto-based digital strategist canceled her fully refundable order...
Mark Allewell, a tech company founder in Cape Town, South Africa, said between emails, phone calls and social media posts, he tried to contact Tesla almost 50 times about the status of a Model 3 deposit refund he requested in August. The 45-year-old received a U.S. check by mail in December that he’s been unable to cash or deposit. His bank has told him he’ll be charged a transaction fee.
More proof that investors are no longer confident in Tesla. And stock is now below the price when this thread started....
The future is bright for this company and for those investors who are willing to take a little risk.
She is the President and Chief Operating Officer at SpaceX, an American space transportation company, where she is responsible for day-to-day operations and company growth.[1] As of 2016, she is listed as the 76th most powerful woman in the world by Forbes.[2]
Comparing Amazon to Tesla is like apples to rocks comparison. Not even close to similar business models. Amazon was pricing low to build volume and increased prices and margin. Tesla priced high, used government subsidies to help move a small volume and only a promise of some day delivering on low prices, and thinner margins.Tesla has come a long way over the past two years. I believe the stock is poised to finally break-out this year.
in 2015, Amazon was also bouncing around $300 before taking-off. Amazon is now trading over $1,600. 2019 will be the year TSLA takes-off.
The future is bright for this company and for those investors who are willing to take a little risk.
Define 'little'. IMHO, no more than 4% in any single stock.
Personally, if I could, I would buy into SpaceX before I bought into Tesla. Mr. Musk has a secret ingredient there that he doesn't have at Tesla - Gwnne Shotwell. IMHO, he could use a clone of her at Tesla. Just my 2¢.
Comparing Amazon to Tesla is like apples to rocks comparison. Not even close to similar business models. Amazon was pricing low to build volume and increased prices and margin. Tesla priced high, used government subsidies to help move a small volume and only a promise of some day delivering on low prices, and thinner margins.
There is more than a little amount of risk here. And with all the good news as you call it Tesla is still trading below price when this thread started two years ago.
I could be wrong, but so far my position and comments I've made here is this is not a stock that is worth investing in. So far I've been correct. So maybe time for me to be wrong, or maybe I'll continue to be right.