Musk’s Social Media Outbursts Are Resulting In Canceled Tesla Model 3 Orders

Musk’s Social Media Outbursts Are Resulting In Canceled Tesla Model 3 Orders
While Australians knew the waiting game would be long when they placed their reservations, some are having second thoughts. To reserve a Tesla Model 3 in Oz, one had to put down a deposit of A$1,500 ($1,096), which some did way back in 2016. Since Tesla doesn’t disclose regional data, there is no accurate count of the amount of Aussies that reserved a spot in the Model 3 line. However, we can tell you that there are more than a handful of pre-orders from the country and these prospective buyers have little information as to when their car may arrive.
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TomMTomM - 8/24/2018 5:54:39 PM
+4 Boost
It all depends on how long you want to continue to lat Tesla have a no interest loan of your money when they have already said that they are not going to be able to profitably make a base Model 3. Musk has said that they would need new cheaper technology to do so.


MDarringerMDarringer - 8/24/2018 6:23:54 PM
-1 Boost
Musk...the Sergio Marchionne of the EV world.


mre30mre30 - 8/24/2018 7:09:54 PM
+4 Boost
Nah...Musk is the John Z DeLorean of 2018.

At least Sergio, rest his soul, could support his stock price with actual cash flow and Sergio was also a good juggler and communicator.

You have to hand it to Sergio, he kept FCA afloat for 10 solid years. Let's see how it does now.


TomMTomM - 8/24/2018 7:35:46 PM
-1 Boost
A recent Forbes magazine article named the 8 new vehicles you should NEVER buy - and 5 of the eight were JEEPS. Yet - Jeep continues to set record sales. Somehow I doubt Sergio had anything to do with that - I think he was just Lucky.


MDarringerMDarringer - 8/24/2018 8:12:42 PM
0 Boost
Like Sergio and John Z, Elon is an idiot.


PUGPROUDPUGPROUD - 8/24/2018 9:12:40 PM
+4 Boost
Not surprised. An article in today's NY Post paints an horrific turmoil brewing within Tesla...high executive turnover, growing mistrust of Musk within, Musk setting unrealistic internal goals, Musk being inflexible and not willing to consider the advice of others, cutting "sales adviser" commissions after a sale and sales quota have been attainted, 80% of Model 3's needing rework or with poor quality being delivered to customers against an industry average of 20%, major investors no longer trust Musk, etc etc. As is often the case when the spotlight is shown on a company for one reason a multitude of other issues and problems are uncovered. If these claims are true this train wreck will get uglier by the day. Its too late to be a short seller unfortunately because no one will take the other side.


senftsenft - 8/27/2018 1:47:40 PM
+1 Boost
His hissy fits, stock manipulation are the problems? Not the continued inability to deliver what many have waited years for -- and for which he was happy to take deposits (or, as we call it here, interest free loans without payoff dates) -- i.e. mass market price Model 3s.
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