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Are you sure?
They can't recognize it as revenue, but do they have to keep it in reserve, or do they just have to account it is a liability?
Any internet accountants here?
I called it! Estimated 109,000 vs Actual of 115,000!Did you see the lines at Tesla Stores? Assuming even 500 per store, and 218 stores worldwide, thats 109,000 reservations right there.
I know for a fact that both Toronto locations had well over that number, the Yorkdale location stated they're estimating around 2,000 orders.
That doesn't even count all the online orders coming in tonight. The Model 3 reservations have also been opened up pretty much globally, with Tesla now tapping into the second largest population in the world: India as of tonight.
yeah I was completely wrong, I admit that. The number of pre orders blows me away. Good for Tesla. The car is beautiful.What was your prediction again? There were over 25k people recorded in line at each stores peak in North America. That's not counting reservations over the whole day and the rest of the world. That's at least 50k reservations in store. Three times the in store reservations online is not a stretch. Turnout was greater than anyone could have imagined.
You seriously did, wallstguy. Guess that's why you're on the Street!
Reservation agreement says no escrowing, so short of local laws, I would expect they keep a reasonable reserve for the short-term jitters/errors and insure for the rest. Liability for the full amount, of course, but if they don't have to lock it down, no reason to think they will.Are you sure?
They can't recognize it as revenue, but do they have to keep it in reserve, or do they just have to account it is a liability?
Do we know any other company that can take in $200,000,000 in a day?
Assuming 200,000 pre-orders today at $1,000 each.
200,000 is not unreasonable considering the lines shown at all the stores around the WORLD today, plus how many are waiting to reserve on line.
Wait till the build Teslas in China for $7 a day!Apple makes $640 million in revenue every single day of the year. They made $26.5M every hour of every year last year. That's nearly half a million every minute. The mind boggles.
Apple makes $640 million in revenue every single day of the year. They made $26.5M every hour of every year last year. That's nearly half a million every minute. The mind boggles.
Also, these "reservations" actually have a "revenue value" of over $4B. So, technically extrapolating that...Tesla has made over 6 times as much revenue in a day than Apples average you mentioned above.
Ambitious? try delusional.
Yeah I already took full responsibility for my erroneous skepticism above. I even ordered one to make up for it.Delusional? They're already over 180,000 and the odds of hitting 200K by midnight Friday excellent. It's rarely a good bet to underestimate Tesla.