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> I wonder, when Tesla unveils something that doesn't fit within the parameters that those people think of as a 'car', how many will drop their reservation? Tb
by fweespee_ch 11y ago
> I wonder, when Tesla unveils something that doesn't fit within the parameters that those people think of as a 'car', how many will drop their reservation?
Tbh, I don't think Tesla cares. They have a ~$276 million dollar interest free loan with which to build the first wave of Model 3s. They just need to make enough on those sales to finance the next round until they get through everyone who wants one.
The goal is primarily to pay for the initial production run so they don't have to get outside financing.
http://bgr.com/2016/04/03/model-3-reservations-elon-musk-276000/ http://bgr.com/2016/04/03/model-3-reservations-elon-musk-276...
> Earlier on Saturday, Musk indicated that Model 3 reservations checked in at about 232,000. That being the case, if the pace of reservations keeps up, it wouldn’t be much of a surprise to see Tesla report 300,000 reservations sometime later this week. And while the $1,000 deposits for the Model 3 are completely refundable, Tesla has effectively secured a $276 million interest free loan from eager buyers.
- dangrossman 11y ago> They have a ~$276 million dollar interest free loan with which to build the first wave of Model 3s This is a company that, while producing just 33K cars a year, has operating expenses of $114M per week. That $276M won't be around long enough to build a single Model 3. They're going to need a lot more money.