Reply to post: Re: Timing??

Tesla books over $8bn in overnight sales claims Elon Musk

Anonymous Coward
Anonymous Coward

Re: Timing??

Yeah, you know those times when you read an article about stuff you're interested in, and it's very obvious to you that it's written by a journalist who isn't interested in the subject?

This is one of those times.

There were about 200k* reservations**.

Tesla's intention is to be up to 500k per year by the end of 2020 as they built up production at Fremont and add sections to the Gigafactory..

They intended to be up to a run rate of about 50k per year by the end of Q2 for both Model S and Model X. But it seems that demand is down (Model 3 doing some Osbourning) and they're not going to be able to get the X up to full speed by end of Q2. Even with reduced S and X sales I think they'll be able to get funding, since there's obviously significant latent demand.

Musk has written that he expect the Average Selling Price for the Model 3 of $42k. Nobody's configured yet. It's very hard to configure something when the configurations aren't available.

* Last tweet said it's up to 230k. Note that it's reservations and each person can reserve two.

** Musk calls them orders. Fair dos, when someone using a standard dealership wants a specific config the dealer doesn't have it's called an order, even though there's not necessarily any commitment to buy.

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