In a Tesla blog post on Thursday morning, one week after the unveiling of the Tesla Model 3, the company revealed how many cars had been reserved.
Advertisement
In its Thursday statement, Tesla said that the company had not paid for any endorsements or advertising and that “this interest has spread completely organically”.
Pricing for the new Tesla Model 3 starts at $35,000, but with federal rebates the actual cost of the auto drops to around $27,500 and it is even lower in some states. So now, Tesla has $325,000,000 to begin production on the Model 3, and we’re hoping they keep to their promise of deliveries starting late 2017.
Tesla has been accepting pre-orders for the Model 3 since just after it was revealed, requiring a (refundable) deposit of $1,000 per customer.
Erickson elaborated, “With almost 200,000 orders as of Friday (April 1), CEO Elon Musk noted that Tesla was seeing an average selling price of roughly $42,000, which, against the latest stated total, implies future revenue of $11.6 billion”.
According to Green Car Reports’ John Voelcker on Monday, “Not all of those reservations will convert to actual orders, of course”.
Speaking to Forbes, industry commentator Bertel Schmitt said that he’s “never witnessed such a high number of reservations”, but questioned Tesla’s poor track record with delivering on time.
Shares of Tesla Motors Inc (NASDAQ:TSLA) have declined slightly today, after a phenomenal week of robust growth since debuting its newest product. It also signals that a significant proportion of the global auto buying population is ready to embrace electric cars.
Deliveries of the Model X SUV have been hampered by slow production due to component shortages.
As a refresher, the Model 3 accelerates from 0-60 miles per hour in less than six seconds and can travel up to 215 miles on a single charge.
Advertisement
The flood of pre-orders also led Musk to tweet that Tesla would need to “rethink production planning”.
