Tesla Model 3 Preorders Rise to Nearly 400,000

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Tesla Model 3 Preorders Rise to Nearly 400,000

Tesla has nearly 400,000 preorders for its Model 3 electric car. 

CEO Elon Musk broke the news while at a conference in Norway, saying that the interest in the new model “surprised even us.” Back on April 7, Tesla reported 325,000 preorders.

To reserve a car, each interested customer must put down a fully refundable $1,000 deposit. They can get their money back at any time, or use the deposit against the purchase of a different Tesla product.

Tesla racked up around 180,000 preorders on the Model 3’s first available day, while by the seventh day, Tesla had already received 325,000 orders.

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 has pledged to start production in late 2017 with deliveries starting around the same time, though because the list is so long, many customers will probably be waiting until at least 2019 to get their cars.

[Source: CNBC]

  • Circa79

    one would think it would be prudent to put a hold on “pre orders” for the time being. But doing so would ruin all the free publicity they get from these constant announcements.

  • timothyhood

    No need for the factory to put a hold on pre-orders. The don’t know which of those people will cancel before the cars are produced, and some of these new pre-orders could end up being built before existing pre-orders, due to Tesla’s announced policy of fulfilling the orders of most expensive configurations first.

    If anything, a sensible person wouldn’t pre-order now–certainly not unless they were ordering a fully-loaded model. At this point, there are enough pre-orders that Tesla will be introducing a mildly refreshed Model 3 before they are all fulfilled. 🙂