Comment by walrus01
15 hours ago
To be truly fair should also adjust for inflation of US dollar of $10672 at the time he purchased it vs. April 2026.
For instance CPI inflation calculator says 10672 in Jan. 2022 is $12,534.44 today.
15 hours ago
To be truly fair should also adjust for inflation of US dollar of $10672 at the time he purchased it vs. April 2026.
For instance CPI inflation calculator says 10672 in Jan. 2022 is $12,534.44 today.
I'm of the opinion that it'd be fair to treat that money as an investment in Tesla at that time. In my case, the $8K in Dec 2016 would translate to them being on the hook for ~$260K today.
Which is why I think Tesla shouldn't be slow-rolling their doing whatever is necessary to get those of us who pre-bought FSD up to the HW4 level. HW4 won't physically fit in a 2016 Model S? Give us a 2026 Model X (they dropped Model S), and you're still $160K ahead.
I've been surprised that there hasn't been a major class action about the FSD. I've been very happy with the car, but the FSD was outright fraud.
Inflation is part of interest; you don't get reimbursed for both separately.
The 6.75% interest applies from the date of judgement to the date of payment by Tesla but the inflation (from date of purchase to date of judgement) is not accounted for.
Inflation is why the awarded interest rate is 6.75%.
That rate was determined by the Consumer Credit Commissioner of Texas, which calculated it using the federal reserve rate, which itself is selected to meet an inflation goal, incorporating current inflation levels as well as the predicted inflationary effect of changing the server rate.
If inflation was zero, the interest rate would have been lower. If inflation were double, that rate would be higher.
Interest is awarded to counter the affects of inflation and the loss of opportunity cost. They aren't accounted for individually, instead inflation is part of the equation.
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