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Customer Deposits/Model 3 Demand Question

Discussion in 'TSLA Investor Discussions' started by Mark Harvey, Oct 26, 2016.

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  1. Mark Harvey

    Mark Harvey Member

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    Lost in the hoopla of a positive eps quarter I have mainly been interested in demand for the Model 3

    From the share holder letter:
    Deposits from customers in Q3 2016: $690,364,000 (up from $679,834,000 last quarter)

    This might be a dumb question, but I would kindly ask for insight from investment pros here.

    It seems as though reservations from Model X should have been converted to sales by now (end of quarter at 9/31/2016)? Many Model X reservation holders out there still?
    Are there other Tesla products that require a reservation with deposit other than Model 3?
    Am I bonkers to think that this is a huge number($690,364,000 would imply 690,364 Model 3 reservations @ $1k each)?
    What am I missing here?

    Thanks for any help
     
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  2. dalalsid

    dalalsid Member

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    Model 3 + deposits on all cars in transit + any new deposits for cars in production/not yet produced.
     
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  3. ggr

    ggr Roadster R80 537, SigS P85 29

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    5k S/X in transit @$5k = $25M.
    Assume that quarter is 25k S/X, and average time from order to delivery is 6 weeks, which is half a quarter. $62.5M. I could be double counting cars in transit here, but let's just add them together. Call that total $90M.

    The average Model 3 reservation is actually a bit more than $1k, because overseas reservations are usually a bit more when converted to US$. But ignoring that...

    That leaves $600M reservations at $1K, for about 600k reservations.
     
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  4. dalalsid

    dalalsid Member

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    Aren't s deposits much lower? 2k. Also there are probably some pending x SIG's from row.
     
  5. Mark Harvey

    Mark Harvey Member

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    Thanks everyone! Can anyone confirm the deposit $ required with the purchase of the Model S/X?
     
  6. ggr

    ggr Roadster R80 537, SigS P85 29

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    I admit I was getting the $5k from memory. So I just went and logged in and configured a Model S, and got to the point of putting down a deposit. (P100DL, all options except cold weather and premium sound: about $150k). It said:
     
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