Tesla received more than 115,000 pre-orders on its new Model 3 in less than 24 hours, and at $35,000 a pop, that equals more than $4 billion.
At the introduction of the Tesla Model 3, CEO Elon Musk confirmed that more than 115,000 pre-orders for the Model 3 have been placed worldwide in less than 24 hours. To put that into perspective, Mitsubishi sold 95,342 vehicles total in the U.S. last year. If you really want to open your eyes, the Japanese automaker moved only 115 of its i-MiEV electric vehicles.
Although those pre-orders for the Tesla Model 3 include countries all around the world, it’s a stunning figure when you consider that people were lining up to put down a $1,000 deposit on a $35,000 car they had never seen and knew barely anything about.
To be clear, the deposits total just $115 million, but if all those potential buyers do stick with their deposit the total will come out to over $4 billion.
The Model 3 isn’t heading to production until next year, but Musk promises that deliveries will start in 2017. It will have an all-electric range of at least 215 miles, although the company is hoping to exceed that figure by the time it heads to production. What was unveiled has been referred to as “part 1” with the “part 2” unveiling being closer to production form.
Discuss this story on our Tesla Forum