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Tesla has 373,000 Model 3 reservations as of May 15, after 8k cancellations and 4k duplicates

Discussion in 'News from Electrek.co' started by RSSFeed, May 18, 2016.

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  1. RSSFeed

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  2. Gary Moore

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    Well things just keep looking bigger and brighter with each passing day. We might actually be getting closer to something.


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    To be clear, all cash proceeds from the sale of stock by Mr. Musk will go to the federal and state governments to satisfy the 52% tax withholding on his stock option exercise. In addition, Mr. Musk will be donating 1.2 million shares of his Tesla stock to charity. Mr. Musk is a net buyer of Tesla stock in these transactions.
    [​IMG]

    That is an Eye-popping tax rate!
    That is about a $250,000,000 charitable donation! That is EXTREMELY generous! I am curious however, how? or does? that help his tax situation? I have never understood that aspect of it since, at least at my tax rate, I only see a portion of charitable donations as a reduction in my tax bill.
     
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    And if the order total stands at 373,000, has the order total moved much lately now that the wait has set in and the hype has died down?
    It may take a production version reveal to get more orders or even deliveries for people to keep this thing going down the road (which I do not doubt)
     

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