Tesla Model 3 Preorders Top 150K

So far, at least 150,000 people have placed reservations on the new Tesla Model 3. 

The car, which was unveiled in concept form at a special event yesterday, won’t be available until 2017, but customers were able to put down deposits of $1,000 USD to reserve a car for them. Reservations were taken in person, with many people lining up for hours to reserve a car, as well as online.

When the unveil event started, orders for the new Model 3 were at around 115,000, while by the time the event was finished, orders had jumped up to 150,000 according to an official tally from Tesla.

SEE ALSO: Tesla Model 3 Specs: What You Need to Know

Tesla says that customers can cancel their reservation at any time to receive their money back in full, or they can choose to apply the downpayment towards a Model S sedan or Model X crossover.

Production is scheduled to begin in late 2017, with the Model 3 rolling out to the west coast of North America first and then moving east. Deliveries will then begin in Europe and other right-hand drive markets.

Tesla CEO Elon Musk says that the car will start at $35,000 and will have a range of over 215 miles.

[Source: Tech Crunch]

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