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[Joel Was Right]

.

Most of which came in before customers before even saw the car, or read any reviews.

 

[iMax]

I thought the deposit was $1000?

 

[Hoo-doo]

F1fan on suicide watch.

 

[McDougles]

"Made," not counting costs.

 

[Lazlo]

"Eventual gross income"

 

[Pixels]

He only has the refundable 1k deposits...

 

[NoblesseOblige]

Is that after costs?

 

[AstroNut325]

I hope to have my deposit in later today.

 

[Showaddy]

I thought the deposit was $1000?

Refundable at that.

 

[Nabbis]

This is kinda the reason why we had a financial crisis in 2008. Counting your chickens before they hatch.

 

[Entropia]

Question: The pre-order business that launched yesterday was practically a live, in-person kickstarter fund, right?

 

[sarcastor]

This was posted in January. Wtf. It's old news

Spoiler

jk

 

[taybul]

Someone should tell him to stop counting money he doesn't have and start on production already!

 

[gutshot]

I mean, I'm as excited about the Model 3 as anyone. But that thread title is very misleading.

They've been promised $7.5b in a day. That's a lot different than it being actual revenue.

 

[Orbis Tabula]

And I just received my Tesla! It's fun living in the future.

 

[Earthstrike]

This is kinda the reason why we had a financial crisis in 2008. Counting your chickens before they hatch.

No it really isn't.

 

[weemadarthur]

I thought the deposit was $1000?

Accrual method of accounting bases income on receivables.

 

[Kickz]

Well done Elon, shut the haters down.

Now where's my Hyper Loop??

 

[sixteen-bit]

ballin outta control

 

[Alpende]

I mean, I'm as excited about the Model 3 as anyone. But that thread title is very misleading.

They've been promised $7.5b in a day. That's a lot different than it being actual revenue.

Yeah, who knows how many people are gonna cancel.

 

[Roland_Gunner]

Question: The pre-order business that launched yesterday was practically a live, in-person kickstarter fund, right?

Kinda but not really. $180K is just pennies compared to what Tesla needs to ramp up their production but this does show people are willing to put down money for a moderately priced electric car. That will definitely help them get the needed capital to grow.

 

[iMax]

I mean, I'm as excited about the Model 3 as anyone. But that thread title is very misleading.

They've been promised $7.5b in a day. That's a lot different than it being actual revenue.

Even Musk's tweet is misleading. He can't seriously think that.

 

[SecretDan]

Yeah, but BMW/Mercedes/Audi blah blah blah

 

[torta_smasher]

This is kinda the reason why we had a financial crisis in 2008. Counting your chickens before they hatch.

No it's not dude

 

[Minus_Me]

So is the company finally turning a profit on a car sold? I'm not a huge fan of the cars per se and find they drive so so, but this is a push that needs to happen regardless of my preferences.

 

[iMax]

Accrual method of accounting bases income on receivables.

Well their subsequent quarters are going to be shit then.

 

[milanbaros]

I mean, I'm as excited about the Model 3 as anyone. But that thread title is very misleading.

They've been promised $7.5b in a day. That's a lot different than it being actual revenue.

Yep, in fact in their accounts it is nil revenue. Good source of cheap cash though.

 

[Sapiens]

I'll stick with my mid size gas guzzlers for another five years.

 

[milanbaros]

Accrual method of accounting bases income on receivables.

They didn't deliver anything though. This is just $180m deferred income.

 

[Dr.Guru of Peru]

Kinda but not really. $180K is just pennies compared to what Tesla needs to ramp up their production but this does show people are willing to put down money for a moderately priced electric car. That will definitely help them get the needed capital to grow.

$180 million, not thousand. They'v had 180k preorders.

 

[gutshot]

Even Musk's tweet is misleading. He can't seriously think that.

I think it was just a cool way of highlighting how big those pre-orders are. I doubt he's over at Tesla now saying "We got seven and a half bil, people! Let's spend all the monies!!!"

 

[N.Domixis]

lol, didn't even know you could preorder cars.

 

[BraXzy]

Kinda but not really. $180K is just pennies compared to what Tesla needs to ramp up their production but this does show people are willing to put down money for a moderately priced electric car. That will definitely help them get the needed capital to grow.

$180 million, not thousand. They'v had 180k preorders.

The prior Tesla models (S and X) are the main funding source for the Model 3.

 

[milanbaros]

The prior Tesla models (S and X) are the main funding source for the Model 3.

Really? I assumed it would be the capital market given the fact they are still a relatively new company. Didn't know they had reached that stage already. Very impressive for a start up.

Edit: Seems that isn't right.

 

[Roland_Gunner]

The prior Tesla models (S and X) are the main funding source for the Model 3.

Despite my epic math fail, that isn't correct. Tesla still needs additional capital to support their growth. Last year they raised over $700M through a stock sale:

http://fortune.com/2015/08/20/tesla-stock-sale-cash/

 

[milanbaros]

Despite my epic math fail, that isn't correct. Tesla still needs additional capital to support their growth. Last year they raised over $700M through a stock sale:

http://fortune.com/2015/08/20/tesla-stock-sale-cash/

That makes more sense. Was very surprised by what previous poster said.

 

[snacknuts]

lol, didn't even know you could preorder cars.

You get some pretty cool DLC if you do.

 

[Admiral Woofington]

Good on them I guess. Maybe I'll eventually own one but in Texas it's not really viable what with the state doing everything possible to prevent them to open their stores here, and having not that many supercharge stations.

 

[Bad_Boy]

I got the season pass.

Spoiler

Don't like the look of it, pre-order canceled

 

[Rivitur]

That's a lot of gaffers but of course the numbers are all just for PR since the deposit is refundable and they haven't made any money just yet.

 

[Abounder]

180k orders would be one hell of a boost for EVs, just under 540k were delivered globaly in 2015 and less than 130k in the USA

 

[TheLostBigBoss]

This is kinda the reason why we had a financial crisis in 2008. Counting your chickens before they hatch.

This is literally nothing like that

or anything remotely close to that

 

[reKon]

Is F1fan ok?

 

[massoluk]

That's some shady accounting trick

 

[psylah]

lol, didn't even know you could preorder cars.

Any car anyone has cared about in the past 20 years could be "preordered", most are built to order anyways.

 

[DrGonzo615]

He only has the refundable 1k deposits...

That's some shady accounting trick

Yep.

 

[univariate]

but people on GAF say it's an ugly failure.

 

[Shao Kahn Brewing a Stew]

Hmmm... Average option being $42k means the lowest end model is $35k and the highest end model is $49k?

 

[LyleLanley]

Should've gone all the way and accounted for everyone to max out the options.

 

[Kaladin]

That is something like 215,000 cars, right?