If you have spent $1,000 on a reservation for the upcoming Tesla Model 3 electric car, you are definitely not alone. Tesla founder Elon Musk claims that the reservation numbers for the $35,000 car continue to climb, even though the company has done almost no marketing or promotion for the vehicle.
Since Tesla first announced that it was taking paid reservations for the Model 3 earlier this year, those numbers went from 180,000 in the first 24 hours to 400,000 in a few weeks. Assuming everyone sticks with their reservation (that $1,000 is refundable) that means Tesla has already sold out of the car through mid-2018. However, BGR reports that, during a recent chat with financial analysts, Musk claims that those Model 3 numbers keep going up. He stated, “No advertising, antiselling, nothing to test drive, still grows every week.”
The first Model 3 vehicles are expected to enter mass production in July, with 5,000 cars to be made every week for a start, with plans to increase that production to 10,000 cars a week by sometime in 2018. Hopefully Tesla will be able to stick with those production number goals and not get behind, as it has with some of its other electric car models. If it can, you will likely see a bunch of Model 3 cars on the roads before too long.