How Elon Musk Made $7.5B In One Day
Elon Musk unveiled the new Tesla Model 3 last week in LA—and made $7.5B in the process. Hordes of future customers placed $1k deposits on the new electric cars, which will be available in 2017 or 2018, Business Insider reports.
Based on his tweeting, Musk was excited about his success.
Model 3 orders at 180,000 in 24 hours. Selling price w avg option mix prob $42k, so ~$7.5B in a day. Future of electric cars looking bright!— Elon Musk (@elonmusk) April 1, 2016
By Saturday morning the electric car company had received more than 250,000 orders. While venture capitalist David Pakman says Musk is being overly optimistic—not everyone who places a deposit will buy the car, he points out—it's still not too bad for a day’s work. [BI]