Change to configurator for locked reservation

Fiskeridontevenknower said:

After reading this, I just changed one of my reservations to a One, go back and unable to edit it to anything else. My takeaway, it’s a glitch, or many people are canceling Ones, which I don’t understand. I get that pissed off investors/reservation holders canceling the other trims because they only lose 25$, but the One is $5250 non refundable (US), if you have 5250 to throw away, you can probably proceed with taking the car and selling it. Unless of course, these never even see the road, which also seems increasingly possible.

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Let me shed some light on this. $5250 is a fraction of how overpriced the One is in 2023. This was expensive in 2022, and I had to seat myself down and reason with myself before I decided not to pay $5,000 deposit about 11 months ago when I got an invitation to change my reservation to the One. Back then, the EV prices kept going up, but they were already at crazy levels. Even with the insane gas prices this time last year, the insane price of EVs was unsustainable.

Everything changed in early January 2023, but it was already changing gradually starting in the fall of 2022. When the Model Y price dropped by $20,000 overnight, people woke up from their delusions. You can see what’s happening to Lucid. They can’t sell their overpriced cars in same volumes they did last year, and they lowered the prices since then too. I read an article yesterday about Rivian vehicles now taking 2 weeks from order to delivery in some markets. It’s only on a limited number of configurations, but it’s already happening. I myself have an R1S reservation, and I was invited to a test drive last week and completed it early this week. I wouldn’t be surprised if I got an invitation to the Rivian shop any day now. What happened to the 3-year wait? Where are all those people who reserved before me? My Rivian reservation isn’t even 1 year old yet. I’ll tell you what happened. People don’t want to be bying $100,000 trucks, driving them off the lot and losing thousands of dollars immediately. They wanted to buy their Riviams, drive them off the lot, and immediately resell them for $20,000 more. It ain’t happening.

The One at $69,000 is a tough sell. It was tough for me to justify its price a year ago, but in todays’s market, it simply doesn’t make sense. At all. So, I’m not surprised that a few people here and there are waking away from their $5,250 deposits. It’s not only the Ocean One price that doesn’t make sense. The overpriced Mach Es, the somewhat overpriced ID.4s, etc. None of them make sense. None of them are in the luxury segment that would have enough people with the cash to pay for the badge. The BMWs, the Mercedes, and the Audis can continue to sell at insane markups just because of the old money that have brand loyalty and only buy the EVs from the luxury brands they have been buying from all their lives. I’ve met these guys in their 70s and 80s driving EVs that cost around $150,000. They love them. They hate Teslas. The premium they paid didn’t matter to them. They are filthy rich.

Neither the Model Y nor the Ocean is in this category of vehicles. The Model Y and the Ocean compete with the ID.4, the Mach E, the IONIQ5, etc. For the wallets of middle-class people. That’s where the price comparison happens. Selling small SUVs in this class in the $60,000 range after the federal tax credit is not easy in 2023. I could walk away from the One reservation, buy a Model Y Performance, and still end up with paying $13,000 less. And I can drive a new Model Y performance tomorrow if I order it today. There is no wait.

sirozha said:

Let me shed some light on this. $5250 is a fraction of how overpriced the One is in 2023. This was expensive in 2022, and I had to seat myself down and reason with myself before I decided not to pay $5,000 deposit about 11 months ago when I got an invitation to change my reservation to the One. Back then, the EV prices kept going up, but they were already at crazy levels. Even with the insane gas prices this time last year, the insane price of EVs was unsustainable.

Everything changed in early January 2023, but it was already changing gradually starting in the fall of 2022. When the Model Y price dropped by $20,000 overnight, people woke up from their delusions. You can see what’s happening to Lucid. They can’t sell their overpriced cars in same volumes they did last year, and they lowered the prices since then too. I read an article yesterday about Rivian vehicles now taking 2 weeks from order to delivery in some markets. It’s only on a limited number of configurations, but it’s already happening. I myself have an R1S reservation, and I was invited to a test drive last week and completed it early this week. I wouldn’t be surprised if I got an invitation to the Rivian shop any day now. What happened to the 3-year wait? Where are all those people who reserved before me? My Rivian reservation isn’t even 1 year old yet. I’ll tell you what happened. People don’t want to be bying $100,000 trucks, driving them off the lot and losing thousands of dollars immediately. They wanted to buy their Riviams, drive them off the lot, and immediately resell them for $20,000 more. It ain’t happening.

The One at $69,000 is a tough sell. It was tough for me to justify its price a year ago, but in todays’s market, it simply doesn’t make sense. At all. So, I’m not surprised that a few people here and there are waking away from their $5,250 deposits. It’s not only the Ocean One price that doesn’t make sense. The overpriced Mach Es, the somewhat overpriced ID.4s, etc. None of them make sense. None of them are in the luxury segment that would have enough people with the cash to pay for the badge. The BMWs, the Mercedes, and the Audis can continue to sell at insane markups just because I’d a little if old money that have brand loyalty and only buy the EVs from the luxury brands they buy from. I’ve met three people in their 70s and 80s driving EVs that cost around $150,000.

Neither the Model Y nor the Ocean is in this category of vehicles. The Model Y and the Ocean compete with the ID.4, the Mach E, the IONIQ5, etc. That’s where the price comparison happens. Selling vehicles in this class in the $70,000 range is not easy in 2023.

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I have never understood the comparison with TMY, the veichles are so far apart - except 4 wheels and both are BEV.

Total different design and segment.

But for some reason it keep coming up 🧐.

IMO TMY is more in "lower" segment of veichles, together with Kia/Huyndai and the lower VW etc. The ride in a Tesla is not comfortable.

I agree that FO is not in the same "feeling" segment as BMW, Audi, Volvo. But FO is also not that expensive.

I totally disagree that the FO is overpriced, it is slightly above the "middle" segment, and below the "premium".

Fisker do not need to win the world, or beat Tesla at all. There are so many that will not concider TMY. I am one of them.

Ocean75 said:

I have never understood the comparison with TMY, the veichles are so far apart - except 4 wheels and both are BEV.

Total different design and segment.

But for some reason it keep coming up 🧐.

IMO TMY is more in "lower" segment of veichles, together with Kia/Huyndai and the lower VW etc. The ride in a Tesla is not comfortable.

I agree that FO is not in the same "feeling" segment as BMW, Audi, Volvo. But FO is also not that expensive.

I totally disagree that the FO is overpriced, it is slightly above the "middle" segment, and below the "premium".

Fisker do not need to win the world, or beat Tesla at all. There are so many that will not concider TMY. I am one of them.

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And that’s why you will be buying the One. But not everyone is like you. The Model Y is an amazing vehicle. It doesn’t have the most comfortable ride, but it has other benefits that no one brand can offer. My impression of the Y changed 180 after I bought mine new (at a great discount). I hated it before I bought it. I only bought the Mosel Y because I could resell it and pocket about $15,000, but I decided I would keep it once I drove it for a few days.

I know it doesn’t matter to you because you will never consider the Model Y. However, it matters to a few who paid $5,000 for the One because when they put down that deposit, the One cost the same as the Model Y Performance but the One had an extra $7500 in federal tax credit, which the Model Y didn’t have back then. Now the Model Y Performance is about $15,000 cheaper than the One, and both qualify for the same amount in federal tax credit. So, these few folks would rather buy the Model Y Performance today instead of continuing to wait for the One for who knows how long. There you have a few people walking away from their $5,000 non-refundable deposits.

And by the way, the Ocean is absolutely in the same class as the Model Y. Don’t delude yourself that you are buying luxury this or that. The Model Y is not luxury ether, even though a lot of Tesla fanbois believe they own a luxury vehicle, especially when they paid in the $70,000 range for the Model Y Performance last year. The Ocean was even billed as a “Model Y killer” a couple years ago. Ocean and Model Y are direct competitors, and neither one is in the luxury segment.

Fiskeridontevenknower said:

Soooo will I get contacted to deposit 5k more? Or is it a glitch? I am as critical as anyone on Fisker, however, I don’t believe the One is overpriced, as long as it does everything it is supposed to, and actually gets produced. I’m no range whore, but if we are comparing to a 65k Mach E GT, that gets about 270 with conservative driving, although I’ve never hit that range myself, (I have one). So to have a “new” vehicle to the market, with all of the same features, longer range, a little more expensive, different design, and not labeled FORD, to me is worth it. However, “we are ramping up, NEXT quarter” on every earnings call is getting ridiculous and doubts get stronger every day with no other vehicles “delivered”.

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But the $65K Mach E is also grossly overpriced. I’m sure you bought it last year when the prices went nuts. It’s not the new reality of 2023. Last December, I contacted about 40 Ford dealerships around the eastern US, and there were no Mach E of my desired configuration available. Then a few contacted me back and wanted $10,000 above the MSRP to sell me one they had. Since then, I’ve been bombarded by Ford dealers, begging me to buy that configuration below MSRP. I am tired of responding to them, asking them not to contact me again because I am no longer interested in a Mach E. There has been a huge downward price movement on all EVs. Ford actually paused the Mach E production and then renewed it and lowered the prices for a second time this year, but they still can’t move their inventory even at below MSRP.

Besides the Model Y, I also own an ID.4. VW refused to lower the pricing of the ID.4. Last time I checked two weeks ago, there were 39 available new 2023 ID.4s sitting on dealer lots with a 25-mile radius of my home. I had to wait for mine for over a year, having reserved it in summer of 2021 and having it delivered in summer of 2022. If I wanted to get one now (I don’t), I would be able to get it the same day.

I swapped mine back to a One. Let's see what happens. I was ready to pull the trigger on the One back in August and when I finally clicked through, it went through the whole process and then said it was sold out. Saved me some money at the time.

BTW, I agree that the Ocean the MY play in the same league. I like the look and the features of the Ocean better, but being a TM3 owner for five years and the miles we have driven, I appreciate the range, the ADAS (in my case FSD) and the supercharging network. I seriously considered moving to a MY with the price correction, but still holding off. I would really like to touch, see and drive an Ocean before I pull the trigger though. An aside on range, this morning temps were about 18C, drove about 80km, very easy driving from 70km/h to 135km/h on the highway, mostly in the 80km/h to 100km/h range and I was easily getting 1:1 predicted range to posted range. Very rare for me and it only happens during this magical time of year in spring and fall (no HVAC use). But for an almost 5 year old car (in June) and 300,000km, I can't complain.