Over 400K pre-orders for Tesla's Model 3


Electric car manufacturer Tesla Motors has received almost 400,000 orders for its latest car, the model 3 sedan, its CEO said on Thursday.

"We are now almost at 400,000 orders for the model 3," Elon Musk told a conference held in the Norwegian capital. He added that the interest in the model had "surprised even us".

On April 7, the company said it had received over 325,000 reservations for the model 3.

I just hope that Elon's surprise doesn't mean they're unprepared for this many pre-orders. In their Model 3 unveil, he noted that their future production capacity would be around 500,000 vehicles a year (or 9,500 to 10,000 a week). Unfortunately, according to their website, their current capacity is around 100,000 (or 2000 a week). Hopefully, all of the pre-order deposit money (400,000 * $1000 = $400 million) will be spent increasing that capacity.

That also means increasing their battery production. Their main factory for the Model 3 batteries isn't even complete yet. If the Model 3 pre-order numbers keep rising, though, by the time they start shipping in late 2017, who knows how many car orders they'll have to fill?