In BriefJust days after it was unveiled, over two hundred thousand people have already pre-ordered the Model 3.
It’s going to take over a year to build Tesla’s Model 3—an affordable electric vehicle with 215 miles of range, which can go from 0 to 60 in just under six seconds, and will include Supercharging as a standard feature.
If those features aren’t enough to get you excited, well, it seems that there are a host of other people who think very differently…over 270,000 people, actually.
Despite the wait, public anticipation for the $42,000 sedan is evident. A little over 24 hours after Tesla offered the world its first glimpse of affordable electric vehicle, CEO Elon Musk reports that Tesla has already counted 180,000 pre-orders for the Model 3. Now, that number is up to 276,000.
Those interested in owning the vehicle queued at Tesla dealerships around the country, placing $1,000 deposits. Each potential customer is limited to purchasing two cars and can expect delivery of the vehicle in 2018.
An Amazing Demand
While demand is clear, it raises questions as to how Tesla will be able to keep up with it. Tesla may be one of the more popular names in zero emission cars, but it only produced a little over 50,000 vehicles in the previous year.
Even Musk noted that the company will have to “rethink production planning,” given the unprecedented amount of preorders Tesla received for the Model 3. A good problem to have for any automotive company—and one, hopefully, that their billion dollar production factory in Nevada, the Gigafactory, can take on easily.
But as Musk tweets, one thing is definitely for certain, “…the future of electric cars [is] looking bright!”
Model 3 orders at 180,000 in 24 hours. Selling price w avg option mix prob $42k, so ~$7.5B in a day. Future of electric cars looking bright!
— Elon Musk (@elonmusk) April 1, 2016