Tesla Says It Received More Than 325,000 Model 3 Reservations
- Response for the $1,000 reservations tops its expectations
- Company intends to boost production plans because of demand
Meet Tesla's Stunning New Model 3
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Tesla Motors Inc. said it has received more than 325,000 reservations for the Model 3, far exceeding its expectations as customers line up to pre-order the $35,000 electric car more than a year ahead of when the more-affordable model is slated to hit the streets.
The pre-orders represent “about $14 billion in implied future sales, making this the single biggest one-week launch of any product ever,” the company said in a blog post Thursday. After Tesla got more than a quarter-million orders in the first three days, Chief Executive Officer Elon Musk had said even that number was at least twice what he had expected.