Monday April 04, 2016

Tesla Says Model 3 Orders Top $10B In First 36 Hours

$10 billion in thirty six hours? Holy crap! I figured the thirty five thousand price point would make the Model 3 a popular choice for the electric car crowd but that's just crazy. I guess the big question now is if Tesla can fill all 253,000 orders. eek!

Tesla Motors Inc said orders for its new Model 3 electric sedan topped 253,000 in the first 36 hours -- a fast start for the company's first mass-market vehicle, which may not begin to reach customers for another 18 months or more. Tesla Chief Executive Elon Musk tweeted on Friday that the Model 3, which is slated to go into production in late 2017, will sell at an average price of $42,000, including the price of options and additional features, which would give the initial flurry of orders an estimated retail value of $10.6 billion.

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