Tesla Model 3

On the 31st of March Elon Musk revealed his latest Tesla, The Model 3. This model is being marketed as the affordable tesla (starting at $35,000) and Musk hope’s it will take the electric car to the masses. You can reserve you own today for only$1000 but you wont be receiving the car till early 2018. Tesla had sold 400,000 units by the middle of April, this is very significant for a company which has only produced 125,000 cars since 2008.

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At tesla’s current rate of producing cars it would take them six and a half years just to produce the preorders, this i the reason for tesla’s new giga factory in Nevada. This facility will produce up to 500,000 per year at full capacity which is a large step for tesla. To reach into the top 10 producers in the world you need to be producing close to 3,000,000 cars per year.

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In the first 24 hours 180,000 cars were pre-order at an average price of $42,000 this means a revenue of$7.5 billion dollars, with the preorders now over 400,000 going on the same average price you are looking at $16.8 billion. The company is currently valued at$33.15 billion. There defiantly is scope for tesla to grow further if they can deal with the heavy demands.

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