Model 3 Preorders Hit 325,000; Tesla Touts $14 Billion In Implied Sales
Tesla stated its pre-orders imply $14 billion in future sales, representing "the single biggest one-week launch of any product ever." The company added that it has achieved "mainstream" success without paying for any advertisements or endorsements.
"Most importantly, we are all taking a huge step towards a better future by accelerating the transition to sustainable transportation," Tesla stated, while adding "we would write more, but we need to get back to increasing our Model 3 production plans."
Shares of Tesla were trading lower by nearly 2 percent after 90 minutes on trading on Thursday. The stock has gained more than 25 percent over the past month and more than $100 per share since bottoming at $141.05 in early February.
— Benzinga.com (@Benzinga) April 7, 2016
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