Massive Demand for Tesla Model 3
April 2nd, 2016People Pre-Ordering Now Might Not Receive The Car Until 2020
253,000 pre-orders now.
Via: Jalopnik:
As for actual order fulfillment for the Model 3, Fortune broke down the numbers with Cairn Energy Research Advisors. Tesla expects to begin shipping the car at the end of 2017, and an optimistic estimate for Model 3 production rate would be 76,860 total by the end of 2018. The Tesla factory in Fremont, California can churn out 500,000 cars in one year—including the Model S and Model X—and according to Fortune, Tesla has only shipped just over 100,000 in its existence.
With those estimated numbers, about 40,000 of the people who registered prior to the unveiling of the car—seeing as every person completes the order—won’t even receive a Model 3 by the end of 2018. By the end of 2019, the Cairn Energy analysts predict a total of 212,646 Model 3 cars to have been shipped.
That fulfillment statistic still leaves about 20,000 of the first-day orders out of the mix if every registered person ends up buying the car, and those folks will roll over into the next decade waiting for their Model 3. These statistics aren’t from Tesla and can’t be certain, but keep in mind that the company had to lower its Model X delivery expectations in 2015 due to assembly snags.
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It’s 232,000 now.
Now 232k orders
— Elon Musk (@elonmusk) April 2, 2016
Keep in mind, this is not like the Powerwall, where people just filled out a form indicating their interest.
With the Model 3, people have to pay Tesla a grand to be in the queue.
Via: Bloomberg:
In the history of the automobile, this is definitely something we haven’t seen before.
Tesla has lifted the veil on its most important undertaking: the Model 3, a $35,000 car designed to bring electric vehicles and autonomous driving to the masses. By the looks of it, and the interest it’s attracting, it just might succeed.
On Thursday, Tesla raked in 134,000 reservations, each with a $1,000 deposit. And that was before most people saw the car—today, Chairman Elon Musk announced another 64,000 and counting. A little perspective on those numbers: There are now more reservations for the Model 3 than total sales of all previous Tesla cars combined. In the unlikely event that all the refundable deposits turn into deliveries, this would represent an almost $9 billion launch.
