Launching the company's first mass market car, Tesla stocks could be a gold mine!
Each person had to put down a (refundable) deposit of $1,000 in the first week that Tesla began taking them, Elon Musk (CEO) announced the Model 3 at the end of March and since then, the stock has shot through the roof!
Tesla (TSLA) said the deposits will equate to $14 billion in future sales. The Model 3 will start around $35,000, however Elon said last week that most buyers are ordering options that bring the average price to about $42,000.
Most of the orders came in just the first few days, with Musk tweeting that there were 276,000 placed through Saturday. Musk said that even he was suprised by how many people pre-ordered the car.
"This is the single biggest one-week launch of any product ever," said Tesla's statement.
The Model 3 will seat 5 adults, go 0-60 in under 6 seconds, and features an autopilot mode! That's right, it will safely drive itself, for the same price as a Hyundai Azera!
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