Tesla Has Presently Received 325.000 Orders for New Model three

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Source:   —  April 07, 2016, at 9:35 PM

In its statement, Tesla said that the updated figure represents $14 billion in implied future sales.

Tesla Has Presently Received 325.000 Orders for New Model three

Tesla Motors said Thursday that it's presently received 325.000 orders for its Model three.

In its statement, Tesla said that the updated figure represents $14 billion in implied future sales. The company also joked that it'd have written more on the subject, but needed to obtain back to increasing its Model three production plans.

Tesla shares were down 2.6 % to $258.50 midmorning Thursday.

Within the first twenty-four hours of latest week'south Model three launch, Tesla received 180.000 orders, according to CEO Elon Musk.

In its Thursday statement, Tesla said that the company hadn't paid for any endorsements or advertising and that "this interest has spread completely organically."

On Monday, shares of Tesla slipped after the company announced that it'd delivered 14.820 vehicles in the first quarter, falling brief of expectations for 16.000 deliveries.

Although the electric automaker reaffirmed its full-year delivery guidance of 80.000 to 90.000 vehicles, the miss raised questions about how Tesla can expect to deliver the Model three in a timely manner.

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