Jump to content
Create New...
  • 💬 Join the Conversation

    CnG Logo SQ 2023 RedBlue FavIcon300w.png
    Since 2001, Cheers & Gears has been the go-to hub for automotive enthusiasts. Join today to access our vibrant forums, upload your vehicle to the Garage, and connect with fellow gearheads around the world.

     

  • William Maley
    William Maley

    Tesla's Increasing Amount of Model 3 Reservation Refunds

      The Pandora Box known as the Model 3 continues to dole out the pain

    Over two years ago, hundreds of thousands of people put down $1,000 deposit to order their very own Tesla Model 3 with the hoping of getting it in 2018. Flash forward to now and a growing number of those have been asking for their money back.

    Second Measure, a company that analyzes billions of dollars in anonymized credit and debit card purchases to determine various trends said in a post today that 23 percent of reservation-holders have asked for a refund as of April, a noticeable increase from 12 percent last August. Contrast this with only 8 percent of holders that have configured a Model 3 for production. The remaining 69 percent is a mixture of those waiting for their turn to configure their vehicle and those who are waiting for a refund - numbers Tesla only knows.

    A Tesla spokesperson told Recode that their internal data "does not align" with Second Measure's data, but would not go into specifics into as to how far off.

    Tesla has been struggling with Model 3 production for some time, pushing back production targets several times. At the moment, Tesla is targeting "approximately 5,000 Model 3's per week in about two months."

    Source: Recode, Second Measure

    Edited by William Maley

    User Feedback

    Recommended Comments

    Add to that a very combative Stockholder meeting and Musk has some issues to face big time.

    https://www.autoblog.com/2018/06/04/elon-musk-tesla-stockholder-challenges/

    The lawsuits over compensation of their sales force and the monthly moving targets so it is hard to make money says Tesla has some major problems. Tesla Shortchanging their sales staff makes ya question Musks management capability.

    https://jalopnik.com/why-teslas-sales-staff-say-theyre-behind-shortchanged-i-1826206999

     

    Link to comment
    Share on other sites

    A-HA, I thought as much.

    And if I'm reading the above correctly, the '23%' is those who have had their cancellations processed; the true number is obviously higher. I would seriously not be surprised if the eventual cancellation rate approached 40%. It takes a very unique nutball to wait 3 or more years to get their order filled - that's insane.

    • Thanks 1
    Link to comment
    Share on other sites

    Elon Musk counted his chickens before they hatched.  No wonder so many people are demanding refunds for model 3s that will not appear until 2021 at best.  They would all be better off buying a Chevy Bolt, or at the least a hybrid Cadillac.

    Link to comment
    Share on other sites



    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.




  • Support Real Automotive Journalism

    Cheers and Gears Logo

    Since 2001, Cheers & Gears has delivered real content and honest opinions — not emotionless AI output or manufacturer-filtered fluff.

    If you value independent voices and authentic reviews, consider subscribing. Plans start at just $2.25/month, and paid members enjoy an ad-light experience.*

    You can view subscription options here.

    *a very limited number of ads contain special coupon deals for our members and will show

  • Similar Content

  • Posts

    • Argh.  That's too bad.  An Aveo would have had an interference engine.  When I lost a timing chain in my '84 Cutlass Brougham coupe 3.8 V6 with 160,000 miles, I was at the end of a ramp in Vancouver WA, there was an almost imperceptible shudder, and silence.  A tow truck came.  At the shop, they pulled off all the pulleys, also threw in a new water pump, put on the new timing chain, and buttoned it up.  I later sold the car to a really cool Catholic high school senior from a very nice African-American family in Seattle.  When the father met me at the AAA to do the paperwork and drove off, the exhaust note was like that of a car with less than 50,000 miles.  But my beloved car went to nice folks and I hope it served them well.  Forget those high-tech ergonomic seats!  Those plush Brougham seats made it the most comfortable car I've ever owned.
    • 2004, only 89K. My wife works from home, my retired mother kept it for years as a back up car, she drove my dads car most of the time until my father passed. I got eight plus good years out of it. Timing belt snapped.     
    • Yes! I do see some old Maverick, which we'd refer to as a "toad." I didn't know you had a Chevy Aveo.  What year and how many miles on it? Which part of it gave up the ghost? Yes, I remember your stories about your '78 Olds Cutlass Supreme with a 260 V8 that you beat to hell and back.  My dad would have gone off on me if I didn't baby the cars I was handed down to make them last a long time, the first of which was also a Cutlass Supreme. In a way, I sort of liked one thing about that magenta colored AI Cutlass Supreme. The front modification from 1981 was referred to as the shovel nose grille.  The AI version keeps it slightly canted back, eliminates the shovel nose, and references the car to the full size Oldsmobile line-up.
    • One of my coworkers used his AI bot to create this video! Enjoy   Gollum.mp4    
    • My issue is the complexity over having an EV motor on the axel. I honestly do not get the need for this type of transmission. Software can usually handle adjustments to optimize efficiency.  This story nails it why the dual stage EV9 Motors are better than using an eCVT. The Kia EV9 Has Motors Unlike Any Other EV
  • Who's Online (See full list)

    • There are no registered users currently online
  • My Clubs

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

Write what you are looking for and press enter or click the search icon to begin your search