Quote:
Originally Posted by tiger_handheld
you realize the $1000 deposits are refundable right? No bank is ever going to fund a loan based on refundable deposits. I bet Tesla knows this too...
It's like when FB went IPO, everyone and their friken grandma bought in... even on this thread we had couple of people post up their "confirmed orders" screenshot.... lets see in 2 years how many average joes will be driving a C$60,000 car excluding taxes, when people are already bitching about a place to live...
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Actually you can take that order book/list to banks and PE firms and get capital loan.... That's a fact I would invite you to research and confirm it yourself. This is why this guy (Elon Musk) PR skill is next level. People raving about Steve Jobs and his marketing prowess, Elon is up there with him and he doesn't even speak fluent English.
Your argument about people withdrawing their orders based on these assumptions:
1. They can't afford RE.
2. They don't own any RE already.
3. They can't afford a 35k USD car.
4. They are the average Joes.
And to your comment on FB. FB is presently one of the best growth prospects in the Tech sector. Any portfolio manager don't have FB deserve to get fired. It was a great prospect when it IPO, it is a great prospect now.