A 20% increase in price is an insane increase. Have I priced anything lately? Yes, we all have. However, I don't know of any vehicle that I've ordered, waited months for, only to have the price increased by 20%. That's absurd.
Like I said, I cancelled. My guess is they are screwed. They make a nice vehicle, but its not that nice. Their dual motor only has a range of what they classify as '260+ miles'. That's now $72,500.
Before it was quad motor, 316 miles, $70,000. That was a bargain. Absolutely. But $84,500? No way in hell. I'm guessing they don't mind if they lose 60-70% of their preorders, because that's what's gonna happen.
Don't get me wrong, if that's what they gotta do, so be it, but that's one hell of a miscalculation. The fact they increased it all at once like that after taking years of preorders is what really gets me - a gradual price increase and honoring existing orders.....