Sunday 3 April 2016 10:20 pm

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


I write about M&A, deals, IPOs, private equity, asset management, media and a few other areas for City A.M. I also write news features and am always interested in interviewing and profiling high-profile business figures. I previously worked for Press Gazette and Mail Online.

I write about M&A, deals, IPOs, private equity, asset management, media and a few other areas for City A.M. I also write news features and am always interested in interviewing and profiling high-profile business figures. I previously worked for Press Gazette and Mail Online.

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 moreThe 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. 

https://twitter.com/elonmusk/status/716693951260938241

Read moreHere'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.

Share