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You can read their financial statements if you’d like to comment on their financial position. The pre-order deposits are not recognized as revenue and do not i
by zaroth 7y ago
You can read their financial statements if you’d like to comment on their financial position.
The pre-order deposits are not recognized as revenue and do not improve their cash flow. But in any case, Tesla has had ~$1B of positive cash flow over the last two quarters and has over $5 billion of cash on hand.
The $100 deposit is definitely designed to inflate the pre-order numbers versus the $2,500 Model Y deposit, for example. I think reading into the 250k pre-orders is extremely difficult. But the refundable cash itself will sit in escrow earning approximately nothing for Tesla other than the marketing value of the pre-order count.