Tesla 276,000 orders 18 months earlier

Tesla

Tesla fans continued to deluge the electric car maker with pre-orders for its new lower-cost Model 3 over the weekend, raising questions about the company’s ability to ramp up manufacturing to meet demand. Elon Musk, Tesla’s chairman and co-founder, said on Sunday that it had received 276,000 orders worldwide for its $35,000 Model 3 by the end of Saturday, more than 18 months before the first deliveries will be made. If all those orders turned into actual purchases, Tesla would be in line for about $10 billion in revenues from the Model 3, which will have a range of more than 215 miles. The order count is more than double the number of Model S cars that Tesla has sold since introducing its luxury electric sedan in 2012 and tops the cumulative total amount of electric vehicles sold in China since 2008

 

Tim Bradshaw

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