Finance Friday – April 15, 2016



That’s how many pre-orders Tesla received for its Model 3 in the first week.  This implies $14 billion in future revenues. Yes, the $1000 deposits are refundable. They are also $1000 each. For reference, last year 429,000 Toyota Camry’s were sold all year in the US.

The Tesla launch had no advertising, and the car’s design is not quite finished.

Huge technological breakthrough? Giant win for sustainable transportation? National Iron Man obsession? Likely all of the above… thought-provoking news, any way you slice it.

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