Tesla (TSLA) Model 3 Pre-Orders Could be Record Setting - Global Equities
Global Equities Research is out with additional commentary on Tesla (Nasdaq: TSLA) today ahead of tonight's big Model 3 event.
Analyst Trip Chowdhry offered the following key points:
- Tesla Model 3 will break all the records in Consumer Tech in dollar terms for pre-order bookings
- It is widely believed that Tesla Model S booking could reach 100,000 by the first weekend (April 3rd'2016)
- At $35,000 per Tesla Model 3 X 100,000 units = $3.5 Billion worth of pre-orders, and will set the all time record for any Consumer Tech company
- Why is there so much excitement in Tesla Model 3 - "Tesla is a natural extension of consumers digitally centered live style and Tesla Model 3 makes it affordable for many"
Global Equities has Tesla at Overweight with a price target of $385.