100% agree, no way it'll be $40k. Still crazy that as of 2021 there were 1.5M orders, which means they've been holding and most likely making interest on $150,000,000+
Pretty much, yeah. Assuming 5% interest for the 25 months they've had it, Tesla has made a little over $10 off my deposit so far. I hope they enjoy two happy meals with their gains. I'll be fine.
A quick google search shows that Tesla has anything from "more than 1 million" to "more than 1.25 million" deposits placed, so it's actually more like two million happy meals that Musk is enjoying.
As long as they don't realize the funds as income or use them for anything, they can hold deposits pretty much indefinitely. Accountants hate it though.