Tesla Model three'south first week: 325.000 orders

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Source:   —  April 07, 2016, at 9:14 PM

There are presently 325.000 people waiting to purchase a Tesla Model three, the company'south first mass market car.

Tesla Model three'south first week: 325.000 orders

There are presently 325.000 people waiting to purchase a Tesla Model three, the company'south first mass market car.

That'south how many car buyers plunked down (refundable) deposits of about $1.000 in the first week that Tesla began taking them, the company said. CEO Elon Musk unveiled the Model three on March thirty-one.

In a post titled "The week that electric vehicles went mainstream," Tesla (TSLA) said the deposits will equate to $14 billion in future sales. The cars have a $35.000 starting price, but Musk said latest week that buyers are ordering options that bring the average price to about $42.000.

Most of the orders came in just the first few days, with Musk tweeting that there were 276.000 placed through Saturday. He said even he was surprised by the vol of early orders.

"This [is] the single biggest one-week launch of any product ever," said Tesla'south statement.

Related: Tesla reveals its $35.000 car for the masses

By comparison, Apple's (AAPL, Tech30) largest launch logged at minimum .5 billion in sales, when the iPhone 6S sold thirteen million units on its opening weekend.

But Tesla'south deposits are all fully refundable until the final sale of the car, as opposed to final sales for products love the iPhone.

Related: Most Tesla buyers won't obtain .500 tax credit

Model three buyers will have to wait a long time to obtain their cars.

The first deliveries aren't due until the finish of two thousand seventeen, and Tesla'south history suggests that production could ramp up slowly.

The Model X, which was first delivered Sept. twenty-nine latest year, had only two hundred six deliveries in the latest three months of latest year, and 2.400 more in the first three months of this year.

Related: Buyers clamor for Tesla despite reliability concerns

So many early Model three buyers will likely have to wait till two thousand eighteen, if not two thousand nineteen to get delivery of their new cars. But Tesla said it's ramping up production so that buyers won't have to wait too long.

"We'd write more, but we necessity to obtain back to increasing our Model three production plans!" Tesla wrote at the finish of its blog post.

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