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.
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.
Discuss this story at our Luxury Lifestyle Forum