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Elon wants to make sure you get use out of their truck. Terms aren’t that bad as at least their offering to buy it back at reasonable price and if they dont want it you can sell to whoever you want.

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Or they know the 2nd hand market will be very soft and will massively undercut the brand-new price with no waiting time. That and they don’t believe the waiting list is full of people with £100 full refundable deposit for a £40k truck that will no longer be £40k, lot of people would take delivery and just sell straight away.

These contracts are normally on prestige limited editions that you have to be selected to be able buy. The Cybertruck is supposed to be a mass-market truck to beat the F150 / Silverado.

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Doesn’t a car etc lose 20% instantly as well the second it leaves the showroom? I think I heard or read that somewhere.

I did think it was because if people hate the truck and try sell so fast it looks bad on the company and my guesses are they want a truck load of sales before any second hand market comes out.

Pretty much matches what you said to be honest.

P. S I had a quick Google and this is what I found:-

“A new car loses value as soon as you drive off the forecourt and by the end of the first year will have lost around 40% of its value. This varies a lot though and the best may lose as little as 10%. If you do 10,000 miles a year, the average car will have lost around 60% of its value by the end of its third year.”

Car depreciation - how quickly do new cars lose value? | AA.

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That doesn’t always apply in the case of limited supply vehicle that’s a bit of a status symbol. The electric Hummers (which is probably cybertruck’s closest competitor) were selling second hand for more than the new price when they first came out. I think there would be people trying to make a profit on the very first ones delivered

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https://twitter.com/AIDRIVR/status/1730329405568995335?t=ZzY2bAcYvl0ixBjqKz6BRA&s=19

One of the most shocking frontal tests I’ve ever seen. There’s surely no chance this makes full production now?

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That’s pretty rough. The rear axel looks like it snaps, at 35mph, but it’s okay because Tesla are renowned for having plenty of spare parts available.

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Driver’s neck snapping like a crisp also isn’t ideal.

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I’m sure you can get a new one faster than a spare part for a new Tesla! :joy:

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Oh No! Here’s a stuck Cybertruck getting recovered by a Ford :laughing:

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More autopilot issues!

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https://www.investors.com/news/electric-vehicle-subsidies-germany-ends-ev-bonus-abruptly-in-latest-blow-to-tesla/

Tesla’s Berlin-area plant reportedly will shut production after Dec. 22 and not reopen until Jan. 2, 2024. The plant, like Tesla Shanghai, is running well below capacity.

The question of when they will start returning money to shareholders grows louder. They can’t utilise all their profits because their cash pile has been growing by billions each year for a while now. They’ll have to scale down their capacity plans too because they’re obviously very out of sync with the market.

In the words of Elon, concerning.

https://www.reuters.com/investigates/special-report/tesla-musk-steering-suspension/

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Tesla has had suspension and wheel problems for the last 10 years, I honestly thought they’d sorted it as I hadn’t heard anything for a while. For some reason it’s referred to as “Whompy Wheels” :laughing:, if you google that you’ll get tons of results and loads of picture of Teslas with at least one wheel fallen off

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I’m stunned to read that they were forced into a recall in China but not in Europe or the US. With this new evidence I doubt regulators will be able to ignore. Lawmakers already calling for action:

https://www.reuters.com/business/autos-transportation/two-us-senators-call-tesla-recalls-after-reuters-investigation-2023-12-27/

Tesla response for balance (where they don’t seem to refute knowing about the issues and actually confirm Reuters’ repair figures):

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Berlin researchers hacked Tesla autopilot

https://cybernews.com/tech/berlin-researchers-hacked-tesla-autopilot/