Updated on February 23, 2017
Tesla Reveals That Elon Musk Spent Customers’ Model 3 Deposits on “Chicks, Smokes and Rockets”
By some estimates, Tesla has received nearly $700-million in customer deposits for the upcoming Model 3 sedan, production of which is slated to begin this July.
But last week, Tesla’s Chief Financial Officer said she discovered that all but $147.00 was missing from the deposit account. “I was dumbfounded,” said CFO Calico Gumwooten. “I kept rechecking my figures, but the money just wasn’t there.”
The Model 3 looks kind of like this, only different
According to Gumwooten, when Tesla’s board of directors confronted CEO Elon Musk about the missing funds, he grudgingly admitted blowing the money on “chicks, smokes and rockets.”
Gumwooten assured Model 3 buyers they would not lose their deposit money. “We appreciate their patience and understanding. We’ll probably end of giving them a free solar panel or a ride on the Hyperloop or something like that,” she added.
