No surprise to me -- I knew it when I placed my deposit. I also know Tesla's history. And to put things in some perspective, you are not Elon Musk and Fenix is not Tesla. I'm not trying to insult you, but the comparison is off by about six orders of magnitude.
The comparison is quite valid, even with the difference in scale. Let me explain:
Tesla took in several billion dollars in deposits on the Model 3, which weren't escrowed, they were spent on the development and production of the car (or elsewhere in Tesla, there's no way to really tell.) And despite those billions, Tesla's stock investments, more billions in loans, their house of cards came perilously close to collapse. Elon confirmed this. "Single digit weeks":
https://www.forbes.com/sites/christophe ... bb8e0a6212
Now we all know they didn't, but if you're assessing risk from an actuarial point of view, your deposit had a very high risk associated with it. And you knew it, and that's ok because again, you're absolutely correct, Tesla has Elon. And he has an excellent track record of problem solving and success. But if the collapse were to happen, those deposits would evaporate, even with Elon's net worth, there's no way he could personally cover them either.
For Fenix? Even if you assume some kind of horrid worst case scenario, fire, death, lawsuit, whatever, We've accepted 4 figures in deposits, Even if Fenix burns to the ground, I have multiples of that in physical assets I could liquidate and make right with my customers, and I would. This is why I'm being as brazen as I am about how I am staking my personal reputation on repayment or delivery. Because I know that I can. Heck, I could get a job at Wal-Mart and pay everyone off in a month or two, and if it came to that, I would.
So I argue that while you're correct that Fenix is not Tesla, with regards to the security of our deposit vs one for the Model 3, I submit that our risk is lower than theirs ever was.
I do want to shift the focus a bit though, you wanted me to know this wasn't meant as an insult. First, thank you for that, but I don't take it as one. I welcome the discussion! I'm very much aware that I'm not Elon Musk, and can't sit on my PayPal, SpaceX and Tesla laurels and point at many well known and public successes, and you can't step foot into working in the EV sector without that comparison at some point. So I'm doing the one thing I can do. Engage in conversations with people like you who have questions and concerns. I'm putting myself out there as much as I can. Even while I know I'm addressing this reply to you, I'm certain there are a dozen or more silently reading this. So, of course, I choose my words carefully, but I don't hold back. Because all of you need to get to know me, and right now this is the best way you can.