Tesla settled a lawsuit recently with regard to promising their car buyers that their cars would be ready at a certain time, however, those car buyers ended up receiving their cars much later. Elon has done the same thing again. He has collected $1,000 refundable deposit from so many potential buyers for the Model 3. His agreement with these buyers was to deliver the car starting 7/1/17.His senior engineer and other top executives told him that it is not posiible to manufacture the Model 3 cars within the time frame that Elon wanted. Yet, he made fraudulent agreements about when the Model 3 cars would be available, and he collected $1,000 refundable deposits from 450,000 individuals.This is clearly fraud and an unfair business practice. There has been significant delays in Model 3 production. Elon also indicated that Model 3 would be a mass produced car starting at $35,000. However, recently, he announced that the Model 3 would be going first to those interested in the $78,000 top of the line Model 3. This is another fraudulent unfair business practice. Tesla has sold about 180,000 cars so far. The $7,500 government tax credit will go away once Tesla sells 200,000 cars. I think it is reasonable to assume that at least 20,000 potential buyers would end up buying Tesla cars, before the $35,000 Model 3 version would be available. These people are under the assumption that they'll be able to buy the $35,000 Model 3 version and get the $7,500 government tax credit. My guess is that 90% of these people don't know that once Tesla reaches 200,000 sold cars, this $7,500 tax credit will go away. So they will never qualify for this tax credit. Tesla must now act in good faith, and inform their deposit holders. These potential buyers can get their $1,000 refunds, and then purchase another EV car like GM Volt, Ford Fusion or a Nissan Leaf and take advantage of the $7,500 federal tax credit. Most people are on tight budgets, and $7,500 would make a huge difference for them.
