Up to $255 (+3+% in premarket trading). I'm not seeing the same optmistic premarket in other tech stocks. Could it really be the market is so slow in reacting to the "MX launch" (leaked design studio) and some apparent pricing info that has been deducted from this? Or is it Elon's tweet basically saying "Yes, we will delivert MX like we said we would and yes, we will build Model 3 like we said we would"?
With regards to the Model 3 referral discussion: I think offering a bonus for those who have only reserved would be wrong. But, like I've said before in discussing the referral program for Model S, I think referrals as a sales driver could work wonders for Model 3. My reasoning is this: Model 3 buyers are likely to be more price sensitive than S/X buyers. Tesla has calculated the cost to build stores and galleries, and run these, to be somewhere around $2000 per S/X sold which is why they're giving $1000 each to refferer and and buyer "instead". (And the $1000 to the owner is just a credit for Tesla stuff, not cash). Now, imagine I've worked hard to scrape together $40k for a Model 3. Let's say Tesla were to offer me $400 cash-back for each referral I made, and the taker of the referral $400 cash-back on his car. First of all there would be a very high take rate on these referrals in a more price sensitive buyer group. Secondly, I think some Model 3 owners would be working pretty hard to make referrals. Let's say it was capped at 10, like with the S/X, but that instead of store credit you got actual cash back. I think someone who could barely justify $40k on a Model 3 (who is probably well aware of the savings that person is getting from it being an EV) would work pretty hard to make 10 referrals and get $4000 back?
