They're now up over 215 Million in cash so far from Model ≡ orders, and most people can't part with $1000.00 for 2 years (which means a lot of people will have to wait until they can get one to reserve it). Phenomenal! I'm curious to see how all of the "skeptics" at Seeking Alpha will turn this into a negative. I'm sure that they'll pull out the crystal ball and predict that only 17 of the reservations will actually convert to orders, or they'll say that once the Bolt comes out, people will flock to it instead. Then, when the Bolt comes out and we keep our ≡ reservations, It'll be "There's no real demand for electric cars, those aren't real reservations!"
Or maybe there's some other boogieman on the horizon like "BMW is making a Model ≡ competitor due out in 2024!!!" or they'll assume that we don't know about the Tax credit expiration, or that 35k is only for the base model... even though I'm pretty sure everyone knows that, plus 37k is for a base model Bolt, as well. And for most people I've spoken with (myself included) the possibility of $7500.00 off doesn't determine whether or not we're buying the car. It more so just effects what options we'll get. I'm in L.A. I don't need dual motors, but for 45k after the tax credit, and CA rebate, you bet I'll have dual motors and an upgraded battery! I would guess that more than 70% of reservations are Model S aspirants who either prefer a smaller car, or can't afford the S, and we'll be converting those reservations to purchases when the time comes... and this comes from someone who hates the idea of having the speedometer off to the side.
Seriously, TSLA shorts have to be Sh***ing themselves right about now.
