I got my Model 3 reservation confirmation, and found this text interesting:
"In the first 24 hours Model 3 received over 180,000 reservations, setting the record for the highest single-day sales of any product of any kind ever in world history."
Does anyone really believe this? If so, I've got a rare iPhone 6s to sell you! It's invaluable, being one of only about three million that were sold on the day of release. (Source: http://www.apple.com/pr/library/2015/09/28Apple-Announces-Record-iPhone-...)
Tesla's communications team just steps in it, again and again.
180,000 * $35,000 = $6.3B
3,000,000 * $750 = $2.25B
Hmm. But no.
180,000 * $1,000 = $180M
But yes, I see now how they got there. Thanks for that!
I was rather surprised to see this claim in the email. I can tell you it would never get though the legal department of the company I work for, that's for sure. And even if it was true, it's very hard to prove an absolute hence very risky ground to stand on.
I don't really want to nitpick the great work Tesla does, but they haven't sold anything yet. They have reservations. That's a very, very big difference in my book.
All good fun but 180,000 * $42,000 (AV price) = $7.5b - 15% drop outs = $6.4b Still a record if my math is right :-)
Of course it is actually all about hype, headline linking and even fun. In reality Tesla has not SOLD a single M3.
@Malcolm.hall1932 - shouldn't that be "maths"? ;-) Got to set an example...
Get used to it folks.
Tesla has stepped on the slippery slope of BS "marketing/communication" (700 hp P85D, 10.9 sec 1/4 P90D, etc.) and seems intent on doubling down on the stupidity at every opportunity. It seems childish in that the company/product is already stellar based on existing factual merits.
The haven't sold anything yet worked a lot better when we were waiting for MS and Tesla had "only" shipped the Roadster. Now with over 100K of their own ground up design having been shipped and with that product outselling entrenched lux players like the S Class, 7 Series and A8, the its just vaporware argument is getting shallow. Still true; they have not shipped 3 but getting shallow given their track record.
Alibaba IPO actually sold shares worth over $21 billion. Not sure if that counts as a product, but it is a more valid claim than Tesla selling refundable reservations and claiming final gross sales amounts that may/may not occur in the future.
If Tesla ran everything through a legal department, many of the MS/MX features wouldn't exist like being able to enter an address into the nav system while moving, having a rear view camera on while moving forward, etc
RJT85: Ah you Sussed me out - maths it is.
I think most people will see it as harmless, but very valid when you consider the impact it will have in the premier manufacturers boardrooms. They won't be as dismissive as some on this thread.
You also have to consider that quite often what Tesla or for that fact any publicly traded company says, is meant to get the ears of the market. Since wall street is all about signs of future growth, stating the value of future sales sends a strong message. Hell, the price of gas has nothing to do with what it cost to make gas, but what the future price of oil is speculated to be. So Tesla isn't doing anything devious.
Any company who did what Tesla just did would spin it the same way. Spin spin spin....