Tesla Model 3 Preorders Climb to 325K

Tesla has confirmed that there are now 325,000 people who have placed a $1,000 deposit on a Model 3. 

On the first day Tesla began accepting deposits, the Model 3 managed to rack up 180,000 preorders, while on the second and third day after it was unveiled the car got another 96,000 preorders. From the fourth to seventh day, Model 3 has garnered another 49,000 preorders.

An early version of the Model 3 was unveiled by Tesla on March 31, giving buyers a good idea of what the car will look like both inside and out. Beyond looks, Tesla says that the base price for the car will be $35,000, while the all-electric driving range will be over 215 miles.

SEE ALSO: 5 Reasons You Shouldn’t Hold Your Breath on the Tesla Model 3

Tesla CEO Elon Musk confirmed the news in a tweet, saying “over 325k cars or ~$14B in preorders in first week. Only 5% ordered max of two, suggesting low levels of speculation.” That $14 billion is the theoretical amount of money Tesla will make if every single preorder becomes a sale.

Those who put down a deposit are free to get their money back at any time, or put it towards the purchase of Model S or Model X. Tesla says that production for the Model 3 is expected to begin in late 2017.

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