Elon Musk: 198.000 Tesla Model three Orders Received in twenty-fourth Hours

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Source:   —  April 01, 2016, at 11:32 PM

Why? Within twenty-four hours of launching its first lower-price electric car, Tesla locked in a large base of paid reservations directly from retail buyers, not dealers, for the model.

Years from now, people will see back at the unveiling of the Model three as a watershed moment not only for Tesla Motors, but for the all auto industry.

Why?

Within twenty-four hours of launching its first lower-price electric car, Tesla locked in a large base of paid reservations directly from retail buyers, not dealers, for the model.

Tesla CEO Elon Musk said the company received 198.000 Model three orders in twenty-fourth hours. In a tweet Friday, he touted a "bright" future for electric cars.

"Recommend ordering soon, as the wait time is growing rapidly," Musk said in a tweet Friday afternoon.

"We are simply awestruck by the demand surfacing for the Model three," wrote Stifel auto analyst James Albertine. "We had number idea the reservation orders would be this strong."

Tesla shares were trading about three % higher Friday afternoon. The trading vol in the stock more than doubled its 30-day average.

According to one Carnegie Mellon professor, the Model three may have sold more units in one day than the all U. S. plug-in auto industry in two thousand-fifteenth.

Tesla says the most basic version of the Model three will start at $35.000, though the first ones delivered are expected to sell for distant higher prices, maybe even as much as $55.000 or $60.000 due to customers adding more features love a bigger battery pack with greater range.

The automaker promises the base model will have a range of two hundred fifteen miles fully charged.

Musk estimated the average car would sell for roughly $42.000, including optional features, for total sales of about $7.5 billion. However, that assumes all of the customers who made a deposit will complete the order.

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