Whoopsy:
SciFrog:

No, I said they would be suckers if the product was never delivered. It was. Porsche already takes deposits for the Tacyan. It is not that different. The Taycan has no final specs, no final price and no real delivery schedule.

BTW a pyramid scheme is when the growth of new money exceeds the pace of increase of the goods delivered to pay for the company running costs. This is clearly not the case here as good are increasingly being delivered and deposits are shrinking.

 

Porsche never took deposits for any car except the 918.

Back then the initial deposit when straight to Porsche, not the dealer.

Taycan deposits are placed for the dealers, not for Porsche.

And yes you are correct, it's not quite a pyramid scheme, it's a Ponzi scheme.

The late comer investors, aka deposit payers, paid into the pool to finance the earlier announced but not funded products. Right now the Speedster money are being used for Model 3. By the time Tesla decided to make the vapour ware Speedster, he will need a new pipe dream to attract people paying deposits to finance the Speedster. 

 

That was announced today-a pickup truck in the SiFi design of Bladerunner.