About 12,200 Tesla Model 3 Preorders Have Been Canceled
It’s hardly a surprise, but 12,200 Tesla Model 3 preorders have been canceled.
After revealing that it had around 400,000 preorders for the Tesla Model 3, the company said it now holds about 373,000 reservations for the entry-level, all-electric sedan. According to Tesla, about 8,000 customers have canceled their preorders, while 4,200 Model 3 preorders were canceled by Tesla because they were duplicates. The numbers were part of a report in Tesla’s filing to raise $1.4-billion in a share offering to ramp up production for the Model 3.
SEE ALSO: Tesla Selling $2B in Stock to Ramp Up Model 3 Production
We’re not quite sure what’s more surprising: The fact that there are still 373,000 Tesla Model 3 preorders, or that only 8,000 people have canceled. That number will likely increase over the next year or two, depending on how quickly Tesla can get the Model 3 into consumers’ hands. It will get even more interesting when the first units roll off the assembly line and early adopters and the motoring press get their hands on it.
[Source: Automotive News]
Discuss this story on our Tesla Forum
Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
More by Jason Siu
Comments
Join the conversation
I PREDICTED THIS,I WOULD NEVER BUY ONE OF THES PIECES OF CRAP.
That's a very deceptive headline. 8000 customers have canceled reservations. The rest are bookkeeping matters where Tesla removed things that shouldn't have been in the system in the first place and that Tesla never disclosed as being in the order count. They have more orders now than they did the last time they disclosed an official count. That's a net increase in orders.