GREY:SSMLF - Post Discussion
Post by
BaystreetBrian on Jul 31, 2017 6:08am
Why buying lithium stocks at the bottom is a MUST!
If the early demand for the Model 3 — the brand new and remarkably affordable electric vehicle from Tesla Inc (NASDAQ:TSLA) — is any indicator, the company looks to have a major hit on its hands.
As CEO Elon Musk handed over the first 30 Model 3’s to employee buyers on Friday, he noted that reservations for the car have jumped over the half a million mark. That’s quite impressive, considering the $1,000 deposit necessary, along with the substantial waiting time most prospective owners face. Reuters has more from the event:
“We’re going to go through at least six months of manufacturing hell,” Musk told journalists.
The over half a million reservations are up from about 373,000 disclosed in April 2016. Customers pay $1,000 refundable deposits for the car, which is eligible for tax credits.
Any new buyers would likely not receive their car until the end of 2018, Musk said.
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