The Tesla Model 3 attracts 276,000 pre-orders in three days, reveals Elon Musk

William Turvill
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The Tesla Model 3 will begin production in 2017 (Source: Tesla)

Pre-orders of the Tesla Model 3 currently total 276,000, according to the firm's founder and chief executive.

Elon Musk unveiled Tesla's “car of the people” on Thursday and has been keeping his Twitter followers up-to-date on its progress.

Read more: The Tesla Model 3 has arrived: Here's what you need to know

In his latest update, Musk revealed that pre-orders reached 276,000 by the end of Saturday. And he recommended others get their orders in fast.

The average price of a Model 3 is $42,000 (£29,500), including the price of options and additional features.

Read more: Here's everything you need to know about Tesla's new Model 3

The new five-door sedan Model 3 will go from 0-60mph in less than six seconds and have a range of at least 215 miles.

To pre-order, customers must pay a deposit of £1,000, although this is refundable.

Musk said he will give another update on pre-orders on Wednesday.