Tesla Model 3 Reservations Generate Close to $9 Billion in Potential Sales

Tesla Model 3

The Tesla Model 3 (Image: Tesla)

Tesla Motors recently unveiled the long-awaited Model 3, and by nearly all accounts the reveal was a success: Tesla CEO Elon Musk tweeted On April 2nd (see embedded Tweet below) that his company had received more than 253,000 reservations for the $35,000 Model 3, which is slated to hit Tesla showrooms in late 2017.

Given that each Model 3 reservation requires a $1,000 payment, that translates into $253 million in reservation revenue alone. Multiply 253,000 reservations by the minimum expected retail price of $35,000 per vehicle, and that translates into a whopping — yet still conservative — estimate of $8.855 billion in sales for Model 3 reservations alone.

We’ll post more about the Tesla Model 3 in the days and weeks to come, but for now you can watch the March 31st, 2016 Model 3 introduction in its entirety below.

 

 

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2 Responses

  1. April 4, 2016

    […] the new Tesla Model 3 may the automotive topic getting the most press these days, another vehicular subject close to my […]

  2. April 10, 2016

    […] long ago we reported that the upcoming Tesla Model 3 had generated more than $9 Billion in potential vehicle sales, based on 253,000 reservations at $1000 each. On April 7th, Tesla CEO and Founder Elon Musk […]

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