Market Overview

180,000 Model 3 Orders In 24 Hours: Elon Musk Tweets 'Future Of Electric Cars Looking Bright'

Related TSLA
Todd Gordon's Bullish Tesla Options Trade
Why Some Believe Tesla Will Make New Highs In 2017 On Model 3, Solar Roof Execution
Intel Should Have Walked Away From the Mobileye Deal (GuruFocus)

Tesla Motors Inc (NASDAQ: TSLA)'s stock gave up early morning gains on Friday after the company unveiled its much anticipated Model 3 sedan.

The stock opened for trading on Friday at $244.82, marking a noticeable gain from Thursday's closing price of $229.77. Tesla's stock hit an intraday high of $247.90 shortly after the opening bell, but gave up most of the gains.

Related Link: $10 Billion Call? Chowdhry Sees Tesla Model 3 Reaching 300,000 Preorders

Shortly after noon, shares of Tesla were trading at $234.91 – up by more than 2 percent.

Elon Musk, Tesla's CEO, took to Twitter on Friday to tout the success of the Model 3 unveiling. He Tweeted that the company has received 180,000 orders for its new car in 24 hours with a selling price of around $42,000 per car.

"So ~$7.5 billion in a day," Musk added in his Tweet.

At time of writing, Tesla was up more than 2.6 percent at $235.88.

Posted-In: Elon Musk Elon Musk Tweets Tesla Tesla Model 3News Movers Tech


Related Articles (TSLA)

View Comments and Join the Discussion!