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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.
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.
If it is, it's a very smart one, as you can go to Tesla's site and preorder, and news sites are showing pictures of the long lines at different countries Tesla stores.
A "funny" way of checking how much a starting hype train of 100k people would get them.
... 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.
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!
150.000 / 50.000 = 30
So... How's that job market for social studies graduates?
Really? I still see them in base 10
Re:I have a suspicion... (Score:10)
Is anyone else seeing this? April 1st, scores are in binary?
I'm a minority race. Save your vitriol for white people.
No. It looks normal to me?
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.
I agree a lot of it is hype, but apparently hype worth putting down $1000 for. As noted here, the top selling electric vehicles are selling about 30,000 units per year. Four times that amount were pre-ordered and it hasn't even been a full day yet.
This specific product isn't available yet but their other products are, and people like what they see. This isn't like Google Glass, the demand is real.
11111111 is just -1 for a "signed byte" or a signed integer of 8bit.
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.
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
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
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.