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Is he saying they have 20M premium phone subscribers and they want these same amount of users to pay premium rates for their car? Or the 20M number indicates that there's a large group of users willing to pay premium? They seem to be meshing two numbers together.

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I read it as 20M premium phone customers who it thinks will be amongst its first customers for this premium car price TBD. To me its a big logical leap to think someone who paid $750 for a phone will suddenly be willing to spend $75k on your car.

CNBC is a terrible source of information.

https://archives.cjr.org/feature/waiting_for_cnbc_1.php

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