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04-01-2016, 11:04 PM
Tesla has brought in $180M (**t $7.5B) on Model 3 pre-orders
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Tesla just had an amazing 24 hours — both ahead of and following the unveiling of its mass-market Model 3 (http://mashable.com/2016/03/31/tesla-model-3-unveil/).
However, the upstart EV automaker has **t brought in as much cash as the company co-founder and CEO Elon Musk wants you to think.
SEE ALSO: What it's like to ride in the Tesla Model 3 (http://mashable.com/2016/04/01/tesla-model-3-first-ride/)
On Friday morning, Musk tweeted that, based upon an average retail price of $42,000 for the Model 3, the company has effectively netted around $7.5 billion in a single day.
While Musk is a gifted entrepreneur, he has some problems with math on this one. Let's start with the deposit.
First off, Tesla did bring in a good chunk of cash: a fully refundable $1,000 for each pre-order, which was limited to two per person. That calculates to $180 million — **thing to sneeze at. Read more... (http://mashable.com/2016/04/01/tesla-model-3-preorder-musk/)
More about Elon Musk (http://mashable.com/category/elon-musk/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Model 3 (http://mashable.com/category/model-3/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Tesla Motors (http://mashable.com/category/tesla-motors/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Cars (http://mashable.com/category/cars/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Tech (http://mashable.com/tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial) http://ad.doubleclick.net/ad/mash.to/rss;pos=atf;tag=ad;mtype=standard;type=rss;sz=300x 250;ord=1459537175 (http://ad.doubleclick.net/jump/mash.to/rss;pos=atf;tag=ad;mtype=standard;type=rss;sz=300x 250;ord=1459537175)http://feeds.feedburner.com/~r/Mashable/~4/CMFB9kERpKo
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Tesla just had an amazing 24 hours — both ahead of and following the unveiling of its mass-market Model 3 (http://mashable.com/2016/03/31/tesla-model-3-unveil/).
However, the upstart EV automaker has **t brought in as much cash as the company co-founder and CEO Elon Musk wants you to think.
SEE ALSO: What it's like to ride in the Tesla Model 3 (http://mashable.com/2016/04/01/tesla-model-3-first-ride/)
On Friday morning, Musk tweeted that, based upon an average retail price of $42,000 for the Model 3, the company has effectively netted around $7.5 billion in a single day.
While Musk is a gifted entrepreneur, he has some problems with math on this one. Let's start with the deposit.
First off, Tesla did bring in a good chunk of cash: a fully refundable $1,000 for each pre-order, which was limited to two per person. That calculates to $180 million — **thing to sneeze at. Read more... (http://mashable.com/2016/04/01/tesla-model-3-preorder-musk/)
More about Elon Musk (http://mashable.com/category/elon-musk/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Model 3 (http://mashable.com/category/model-3/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Tesla Motors (http://mashable.com/category/tesla-motors/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Cars (http://mashable.com/category/cars/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Tech (http://mashable.com/tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial) http://ad.doubleclick.net/ad/mash.to/rss;pos=atf;tag=ad;mtype=standard;type=rss;sz=300x 250;ord=1459537175 (http://ad.doubleclick.net/jump/mash.to/rss;pos=atf;tag=ad;mtype=standard;type=rss;sz=300x 250;ord=1459537175)http://feeds.feedburner.com/~r/Mashable/~4/CMFB9kERpKo