Tesla's already booked 200,000 Model 3 orders
Yahoo/Business Insider By Benjamin Zhang
4 hours ago
...(earlier) On Friday, Musk announced on Twitter that his company generated roughly 180,000 orders in 24 hours. Less than two hours later, he said that the total is closer to 200,000.
By Musk's math, 180,000 orders means that the automaker has booked about $7.5 billion in future sales. It's based on a price of $42,000 a car.
The car's base price is about $35,000, but it is expected to launch with versions that cost well above that.
Musk is, of course, making some assumptions there, namely about how many of those who placed deposits will actually buy the car when it's ready in 2017 or 2018.
Venture capitalist David Pakman, however, tweeted a different take that still leads to some impressive numbers. If the company books 200,000 preorders and actually sells cars to 70% of those buyers at the lowest-possible price, then it means the company has just locked in $4.9 billion in future sales, with little money spent on marketing.
And regardless of the eventual sell-through, what is already clear is that — with the 200,000 preorders that Musk announced — Tesla has raked in $200 million in interest-free cash...