Tesla says Model 3 orders top $10 billion in first 36 hours
Source: Reuters
Tesla Motors Inc said orders for its new Model 3 electric sedan topped 253,000 in the first 36 hours -- a fast start for the company's first mass-market vehicle, which may not begin to reach customers for another 18 months or more.
Tesla Chief Executive Elon Musk tweeted on Friday that the Model 3, which is slated to go into production in late 2017, will sell at an average price of $42,000, including the price of options and additional features, which would give the initial flurry of orders an estimated retail value of $10.6 billion.
That intense interest, fanned in part by a steady stream of tweets by Musk, could help boost Tesla's stock price, which closed Friday at $237.59, up 3.4 percent. The stock has soared more than 60 percent since hitting a 12-month low in February.
The car's average selling price projected by Musk is well above the $35,000 base price. Analysts earlier had estimated the first Model 3s off the factory line in Fremont, California, could be loaded with extra equipment and sell for $50,000 to$60,000.
Read more: https://www.yahoo.com/news/tesla-says-model-3-orders-top-10-billion-180336696--finance.html
Tesla has a real production ramp-up problem on its hands now.
PatrickforO
(14,593 posts)maybe it will cause MORE JOBS.
Warren Stupidity
(48,181 posts)both of which are here in the US.
Warren Stupidity
(48,181 posts)Its the ramp down thing that is real trouble.
Note also that this is $250,000,000 in cash to Tesla in three days.
Initech
(100,107 posts)Kelvin Mace
(17,469 posts)'wake the fuck up" to US automakers! Only GM has taken EV seriously and they only planned on making 30,000 Bolts the first model year.
The is a "paradign shift" to use a well worn 90s cliche.
elmac
(4,642 posts)filling all those orders
Zorro
(15,749 posts)And despite all the naysayers, the Model S is a truly awesome vehicle. Ride or drive in one and you will understand.
And there apparently are 250k+ enthusiasts that believe EVs are the future of automotive transportation. I believe it, too. And it will be here before you know it.
OnlinePoker
(5,727 posts)Still too rich for my blood, though. I'll just keep driving my 97 Accord.