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Tesla Receives 115,000 Model 3 Preorders Worth $115 Million In 24 Hours (theverge.com)
An anonymous reader writes: Over 115,000 reservations at $1,000 each were placed for the Model 3 in the first 24 hours. This gives Tesla a little extra operating cash.
If each tech-savvy enthusiast who preordered the Model 3 in the first 24 hours follows through with their $35,000 purchase, Tesla would make $4 billion in sales. Right now, they're sitting pretty with $115 million from the down payment required for preordering. It looks like Tesla may have a big hit on their hands.
Whipslash was a little coy earlier about whether there would be an April Fools joke or jokes on Slashdot. Maybe I'm wrong, but I have a suspicion that this is a part of it. It's not like Slashdot to post two consecutive articles about the same topic, unless it's something really big. There have been enough posts lately alleging paid posts and Slashvertisements. I have a feeling whipslash is behind a bit of trolling here. If so, as a fellow troll, I give him credit.
Gosh it's going to be really embarrassing when he days "April fool" this afternoon.
Ultimately, the hype train ended up being an electric car. Who'd'a' thunk it.
One more major electrical energy sink that will concentrate in a very small portion of the day.
Time to invest in energy accumulating techs.
Apparently you can now spam Slashdot freely, as long as you don't write in English.
Also, unless I recall incorrectly, in the past you were able to moderate after having posted, and it deleted your previous posts. Now you can't, so anyone who enters the thread with mod points won't be able to mod spam down if he entered the thread to write something.
Yes. I see how Slashdot advances more and more, in the wrong direction.
... for an overhyped fugly overpriced piece of cheap tat.
Yes, it's for latte slurping 'hipsters' no self respecting Android user would be caught dead in one.
I dunno about you, but for building cars, $100M isn't a lot of money.
https://www.youtube.com/watch?...
A typical modern sedan auto factory making your average Camry or Sonata or Accord turns out about 30,000 cars a month. Sometimes more, sometimes less. And usually there are 1-2 months of downtime and maintenance. Figure roughly 300,000 cars a year.
Tesla is saying they've pre-sold roughly four months of production, before people see the announcement and decide to order one and add more numbers to the list. They sold something like 25,000 MORE pre-orders during the reveal event. This is pretty spectacular by any standard, and more so considering Tesla's annual production rate for the Model S was only 50,000 in 2015. The S is seasoned design which they no doubt assemble fairly efficiently.
This really mean they have sold the equivalent of two plus years of new cars, probably more like three because they won't be at peak output anywhere near the beginning of production. It may take a year to fully ramp up.
To summarise: Damn fine sales, Tesla. Congratulations!
Sig for hire.
To be clear, you've never been able to post and moderate in the same discussion. If you posted, you couldn't moderate. If you moderated in a discussion and then posted, all of your moderations were undone. In fact, posting a comment is done somewhat frequently for the purpose of undoing a moderation done by mistake. So, yes, your recollection is quite incorrect.
There's always been spam on Slashdot, and it's always been addressed through moderation. There have always been troll links on Slashdot, which is why the link domains are displayed after links. Before then, it was way too easy for trolls to slip in a goatse.cx link in an otherwise benign comment and trick people into viewing the goatse man's gaping hole. If goatse.cx links weren't deleted, I don't see why Slashdot would suddenly start deleting spam links in comments.
Good to see Slashdot finally take the leap to the digital age and do comment scores in binary!
== Jez ==
Do you miss Firefox? Try Pale Moon.
Yep, they appear to be using 8bit the mod scores (-1 shows as 11111111) and presumably, since leading zeros are stripped and they'd want an octet boundary, at least 32bits for the UIDs.
UNIX? They're not even circumcised! Savages!
Indeed. I remembered wrongly.
I have no alternative explanation as to why a clear spam post stood un-modded for so long.
150.000 / 50.000 = 30
So... How's that job market for social studies graduates?
"Over 115,000 reservations at $1,000 ... in the first 24 hours. ... It looks like Tesla may have a big hit on their hands."
without comparisons with stats for other cars, their (and this) preorder amount and conditions(eg is it refundable?), etc all that is meaningless.
also even if preorders are above others, that merely proves effectiveness of hype, since actual product is not available, only hype is, success will be judged after the appearance of product.
same with some trashy/good movies for which people queued up for days.
claiming premature success as in here, is just more hype.
As the adage goes, never buy version 1 of anything. And especially don't plunk one grand down on something which won't even see the light of day for a couple of years.
Does that mean that the down payment is actually $8?
Really? I still see them in base 10
I got mine with a bike mount for my fixie.
They're just keeping the old traditions alive (by completely missing the point of April Fools day)
systemd is Roko's Basilisk.
As I understand, the $1000 deposit is refundable, so we'll see how many of those turn into actual sales.
-Styopa
You just missed a fantastic joke.
The hatefest on Slasdot goes into defcon 5
The shepherds did so well protecting the flock that the sheep no longer believed that wolves existed.
. . . it's a Kickstarter without the guarantees of Kickstarter. . .
It could be wore, like the idiots that buy Caddilac or the Chevy corvette thinking they are getting anything special.
Do not look at laser with remaining good eye.
If you think this is the first step, you must have missed the late 70s, the 80s, the 90s, and the 00s.
Detroit has been getting crushed by Europe and Japan for quite some time now, with the lone exception being pick-up trucks. And there's still no electric answer to the F-150, which is by far the highest selling vehicle by volume, shifting 4 million more units than even the VW Golf.
Do all those people need trucks? Maybe not, but I'm not a communist and neither are they, so I don't get to tell them what they can or cannot buy.
Slashdot still doesnâ(TM)t support Unicode after it was added to the HTML standard in 1997.
I am pleased to see that there are indeed 10 kinds of people :-)
Why would anyone help crowd fund a car from a well established for-profit company? Do you just like gambling with your money? Here's a tip people: when the thing is actually finished, it will still be for sale.
If it ain't broke, don't fix it.
I won't lie... I would love to own a Tesla, but when the vehicle costs so much more (just a little more than double, to be specific) than what I would have otherwise been comfortable paying for a car, it only means that if I am to get financing and try to keep the terms to reasonable levels, I would be spending more each month paying for the car than I would on financing for a regular car PLUS gasoline, and that means it would take that much longer for the extra expense of not having to use gasoline to pay for itself, not to mention potentially causing increased levels of hardship upon myself for the duration if I should hit any unexpected financial difficulties.
Oh, and that's not even including the fact that I'd have to drop another 10 thousand dollars of my own money on getting a car charger installed in our condo's garage.
In the end, I'd be looking at having to replace the battery on the car even before the extra amount I was spending would have broken even with how much I would have paid for an otherwise new car, likely pushing the time that it would take for the money I saved on gasoline to break even with the extra expenses to somewhere in the vicinity of about 10 years.
Which is slightly more than the longest single period that I've ever owned any single vehicle.
And it's not a particularly great incentive to look elsewhere for an EV when every other EV manufacturer either also overprices their cars or else makes them look like shit.
File under 'M' for 'Manic ranting'
Comment removed based on user account deletion
Reserving one of these cars now increases the likelihood that your car will be eligible for the $7500 tax credit. As I understand it, this credit only applies to the first 200,000 qualifying vehicles sold by a manufacturer. At last estimates, Tesla sold about 100,000 or so vehicles which leaves about 100,000 credits left.
I reserved mine last night. The deposit is fully refundable. At the very least, I think I've got a shot at getting the federal credit.
It's not a bad deal.
The charger included with Tesla vehicles only needs a NEMA 14-50 outlet in your garage. That means you need a two-pole 50A breaker - 6-3 wire and a NEMA 14-50R receptacle installed......hardly $10k - more like $300 worth of materials and a half a day's work for a competent electrician.
Your charging solution should cost $800 bucks or so.
I thought so too, until I read this. Page 20 is where installation costs are mentioned.
File under 'M' for 'Manic ranting'
Great! So what do you want on your latte? Would you like some biscotti as well?
Browsing at +1 - no ACs, I ignore their posts. So refreshing!
What are the numbers once you drop fleet vehicles?
I wonder how many potential purchasers in the US are aware that once Tesla passes 200K vehicles sold the Federal subsidy will phase out over the following 12 months. With 90K+ on the road already, not counting Model S & X sales for two years, I think the pre-orders put them over the top. Best guess is subsidy eliminated by the start of 2019 (assuming no delays in Model 3 release, which are expected).
I hope the production costs will decline with experience to replace the subsidy.
This money cannot be used by Tesla, there is zero operating cash acquired by people pre-ordering a product.
When (and *only* when) the cars are actually delivered, depending on various accounting rules and commercial regulations, Tesla *may* be able to profit from any interest made on these payments. These payments express interest and are an excellent way for Tesla to factor real production needs (more than just adding your name to a list), but the actual monetary value to Tesla in the short term is nil.
Last year the average price of a new car was $33,560:
http://www.usatoday.com/story/...
So, basically, Tesla just introduced an electric model that is the same price as a non-electric car.
http://www.geoffreylandis.com
At least they can get from A to B without a charge.
You're right. Paying 4 times as much for gas is much smarter.
You picked the most expensive scenario and didn't continue reading to the part where the government will cover up to half of the cost. This is also for a communal charging station of which the strata would be expected to cover, so you would only pay your portion of the cost to the strata
I had a coworker who lives in a condo who bought a model S. He had no problem getting a charger installed. It helps that in California HOAs generally cannot block the installation of EV chargers.
This post is encrypted twice with ROT-13. Documenting or attempting to crack this encryption is illegal.
For most people paying 2-3 times that of a normal car is too much, period. $20-$25,000 buys a lot of gas.
For most people paying 2-3 times that of a normal car is too much, period. $20-$25,000 buys a lot of gas.
A Cadillac or Corvette are both already 2-3 times the cost of a normal car. The current Tesla models are not more expensive than other cars in their class, and neither will the Model 3.
-- All that is necessary for the triumph of evil is that good men do nothing. -- Edmund Burke
Sure, but if nobody else in the strata actually *HAS* an electric car yet, then nobody else is going to be chomping at the bit to offset your own costs. Thus, nobody can really afford to be first, and it never gets any cheaper.
File under 'M' for 'Manic ranting'
That's correct. The model 3 will go for 35k USD. In Canada that will be 45k. The government provides a 8.5k credit which brings the car to a more reasonable price range.
Additionally your upkeep should be 1-4k less over 5 years at about 25km / year. No oil changes, no coolant changes, not as many brake changes, no air filters...
Adversely, at the 8 year mark the battery will probably need replacing and I'm sure that won't be cheap.
If you buy the Model 3 you don't do it to save money, you do it to promote innovation.
I read the title as:
"Tesla Receives 115,000 Model 3 Predators Worth $115 Million In 24 Hours"
Where do I sign up?
I still find it odd that a lot of folks considering an EV completely forget about the Volt. The new 2016 model has about 50 miles of range on pure electricity and switches over to gas when you run out completely eliminating any range anxiety or need to wait for the car to charge. In actual practice, I have the older 2013 model and so far it has served me well for years now. I end up running completely gas free summers and only burn gas in the depths of winter or when I decide to make a cross-country trip. It's also cheaper than the Model 3 Tesla. So cheaper, virtually no limitations. (Works like an EV if you don't drive too far and works like a hybrid when you do.) I would think that it'd be a no-brainer for a lot of folks.
Let me know when you find the median price of a new car.
Indeed, an important distinction.
But I have to admit that in over thirty seconds of diligent searching-- maybe more!-- I didn't run across a link with that number.
http://www.geoffreylandis.com
I agree with what you've said except this one. The Tesla is heavy, as much as a half ton truck from what I remember, so it'll need brakes more often than a regular car.
A Cadillac or Corvette are both already 2-3 times the cost of a normal car. The current Tesla models are not more expensive than other cars in their class, and neither will the Model 3.
And what exactly is their class?
I notice the EV fans like to call Tesla a luxury car. Why? It isn't that nice inside, it doesn't come with all the normal luxury car services.
You're giving it way too much credit.
You can buy cars just as nice for a whole lot less money.
How could any Android user respect himself?
Brake energy is captured, no? Vs eating brake pads? My question is as to how complete the 35k model is, or if most people option up significantly.
So, basically, Tesla just introduced an electric model that is the same price as a non-electric car.
Yes, if you don't look too closely at the cars themselves. The Model 3 is not equal to your average $35K car, it is closer to a $22K car.
Since you've never looked at a Model 3-- unless you were at the unveiling in California?-- you don't actually know that. I'm not sure anybody knows that. Tech Insider claims that the Bolt, the other similar electric car, doesn't come close to Tesla, but they're mostly arguing on speculation. http://www.techinsider.io/how-...
In any case, the point is still that the introduction puts electric cars into the same price class as gasoline cars.
(Leaf, of course, has the jump on both of them (in price as well)-- so it's really about electric cars with 200+ mile range. Leaf seems to get left behind in the discussions, although they will be on their third generation of consumer vehicles before Tesla delivers the 3.)
http://www.geoffreylandis.com
I tried to find the media number too awhile back Couldn't find it. As with income statistics, it's most certainly lower than the average.
I don't always use unix-like operating systems; but when I do, I prefer FreeBSD.